Cooley M&A

NOVEMBER 1, 2018

government shutdown disrupting the market for IPOs, Brexit uncertainty, natural disasters and various other crises, cross-border M&A activity momentum continues. The following 10 key trends are underpinning hyperactivity in global M&A markets and are set to continue to shape deals well into 2019. In July 2018, the U.K.

M&A

Focus Investment Banking

APRIL 14, 2024

These characteristics, coupled with bakery manufacturers’ ability to continually innovate and adapt to consumer trends, have attracted investors and boosted M&A activity in recent years. From 2018 to 2021, the total number of bakery workers declined nearly 12%, leaving operators struggling to replace highly experienced talent.

M&A

Devensoft

JUNE 15, 2023

n mergers and acquisitions (M&A), strategic recapitalization is an increasingly popular tactic that can help businesses maximize their success. By reducing their debt-to-equity ratio, companies can appear less risky to lenders and investors, which can translate into lower borrowing costs and greater access to capital.

M&A

Cooley M&A

SEPTEMBER 16, 2022

4] However, such exceptions were not universal and, as will be discussed below, the vast majority of dual-class charters adopted before 2016 that contained transfer restrictions did not include M&A voting agreement carve outs. In a small number of cases, a class of common stock is offered to the public that has no voting rights at all.

M&A

Sica Fletcher

AUGUST 18, 2020

What the Data Is Telling Us In our last few posts, we reported on what we perceived to be the trends in insurance agency and brokerage M&A in light of the pandemic and analyzed the reasons for these trends. Private equity firms continue to drive transaction pace and value.

M&A

Sica Fletcher

SEPTEMBER 25, 2019

In recent posts, we outlined the background of and reasons for the dramatic upsurge of private equity investment in the insurance brokerage industry , how the combination of private equity and low interest rates have dramatically raised valuations , and how private equity sponsored agencies increasingly dominate the insurance agency business.

Private Equity

Cooley M&A

OCTOBER 29, 2020

On September 24, Cooley M&A partner, Garth Osterman, moderated a webinar on the current trend in going public: SPACs! As reflected in Chart 1 , 102 SPAC IPOs have been announced this year as of September 18, 2020—almost double the number of SPAC IPOs in all of last year (and more than double the number of SPAC IPOs in 2018).

M&A

The Harvard Law School Forum

JUNE 16, 2023

Posted by Sally Wagner Partin, Sharon Flanagan, and Hannah M. Flanagan are Partners and Hannah M. Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders? Brown is an Associate at Sidley Austin LLP. 1] (more…)

M&A

Sica Fletcher

NOVEMBER 19, 2019

Our recent blog posts have covered the private equity boom in insurance brokerages , however, the reality is that the vast preponderance of insurance brokerages (probably over 95%) have revenues under $5 million annually. How can you take advantage of the dramatic upsurge of private equity investment in the insurance brokerage?

Private Equity

InvestmentBank.com

OCTOBER 24, 2019

For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report.

Hospitality

The TRADE

JANUARY 15, 2024

Jacobs has spent the last five years at Liquidnet, most recently serving as an equity trader – a role she held for three and a half years. Elsewhere in her career, Jacobs served as a summer intern at Liquidnet in 2018, before eventually joining the firm in a full-time role in 2019.

Portfolio Management

Shearman & Sterling

JULY 31, 2018

On July 20, 2018, Vice Chancellor Joseph R. July 20, 2018). M&F Worldwide, 88 A.3d Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., 3d 635 (Del.

Stock

The TRADE

JULY 29, 2024

Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies. Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies.

Asset Management

Global Newswire by Notified: M&A

AUGUST 15, 2023

15, 2023 (GLOBE NEWSWIRE) -- Fogo de Chão (“Fogo”), the internationally renowned restaurant brand from Brazil, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”) to accelerate its growth and expansion. DALLAS, Aug.

Private Equity

Sica Fletcher

MARCH 8, 2024

The inherent uncertainty of the M&A market over the last 18 months has underscored the importance of context for supplementing a full understanding before we can gain a better sense of what to expect in 2024. So, how did we get here? What Is Affecting Insurance Agency EBITDA Multiples?

Insurance

Shearman & Sterling

APRIL 16, 2019

392, 2018 (Del. M&F Worldwide, 88 A.2d Lodzinski et al., April 5, 2019). As discussed in our prior post on the case, the Court of Chancery dismissed the case after concluding that the transaction was properly structured under Kahn v. 2d 635 (Del. 2014) ("MFW"), and the business judgment rule applied.

Negotiation

Shearman & Sterling

JULY 31, 2018

On July 20, 2018, Vice Chancellor Joseph R. July 20, 2018). M&F Worldwide, 88 A.3d Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., 3d 635 (Del.

Stock

Sica Fletcher

JULY 1, 2020

Update on Private Equity and Insurance Brokerages In our ,, previous article , we reported that the COVID-19 pandemic had not diminished the pace of mergers and acquisitions transactions we are seeing in the insurance agency and brokerage sector. The number of transactions we are working on has not abated. The question is, “Why?”.

Private Equity

OfficeHours

JULY 11, 2023

What’s the plan with said asset, add-ons, more M&A, economies of scale with current portfolio companies? The SIE was first introduced in 2018 as a mandatory exam for people seeking to be employed in the securities industry. Is It Possible That On-Cycle 2025 Is Around The Corner? Are you seeing US govt. agencies scaling back?

Investment Banking

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

Valuation

The Deal

FEBRUARY 6, 2024

Ingles and Beth Troy of Allen & Overy LLP were M&A counsel to WillScot, a Phoenix-based lessor of offices and portable storage units where Hezron Timothy Lopez is the chief legal and compliance officer. billion in 2018. The buyer will pay $3 billion for the target’s equity and assume $800 million in debt. billion to $4.45

Mergers and Acquisitions

Shearman & Sterling

APRIL 16, 2019

392, 2018 (Del. M&F Worldwide, 88 A.2d Lodzinski et al., April 5, 2019). As discussed in our prior post on the case, the Court of Chancery dismissed the case after concluding that the transaction was properly structured under Kahn v. 2d 635 (Del. 2014) ("MFW"), and the business judgment rule applied.

Negotiation

Shearman & Sterling

MARCH 3, 2020

challenging the take-private buyout of the company by its controlling stockholders and a private equity firm. 2018-0396-AGB (Del. M & F Worldwide Corp., Bouchard of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims brought by former shareholders of AmTrust, Inc., 26, 2020).

Mergers

Cooley M&A

AUGUST 7, 2018

dated July 9, 2018), the Delaware Supreme Court reversed the Delaware Chancery Court’s dismissal of deal litigation based on obtaining a cleansing vote under Corwin/Volcano because the defendants failed to show “as required under Corwin” that the vote was fully informed. of The Fresh Market shares, rolling over their equity.

Private Equity

M&A Leadership Council

AUGUST 7, 2024

The Art of M&A® / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS ® credential.

IT

Sica Fletcher

DECEMBER 12, 2019

(Otherwise Known as “How Acquisitions Are Structured”) Our November blog post asked how a smaller agency can take advantage of the tsunami of private equity investment in insurance brokerages. Barring extenuating circumstances, 100% of the “value” of the equity is usually paid at the closing of the transaction.

Private Equity

Mergers and Inquisitions

JUNE 21, 2023

There are usually a few hundred M&A deals per year for $50 – $100 billion of total volume : For context, that’s less activity than Canada in an average year, and it’s about 5-10% of the deal volume of the Asia-Pacific (APAC) region. Investment banking in Dubai stands out for attracting remarkable hype on social media.

Investment Banking

Software Equity Group

FEBRUARY 28, 2023

SEG’s 2023 Annual SaaS Report provides a comprehensive analysis of the public SaaS market’s performance and M&A activity in the software industry. At the end of 2022, EV/Revenue multiples were still 15% higher than in 2018. It is no secret that 2022 was a rough year for the stock market. from 2021 by the end of the year.

Valuation

How2Exit

MAY 22, 2023

By doing this, Walker would have access to revenue, infrastructure, cash flow, customers, and he would own all of the equity of the company. In 2018, Walker released his book “By Then Build” which was inspired by this idea. For many, it can be a daunting experience, filled with the possibility of making costly mistakes.

Business

Peak Frameworks

SEPTEMBER 12, 2023

While they're seen in numerous sectors, their significance shines particularly in investment banking , private equity, and corporate finance. In modern times, their usage has expanded, notably in sectors like investment banking and private equity , adapting to the dynamic needs of the financial industry. Why Retainer Fees?

Finance

M&A Leadership Council

JUNE 14, 2023

The Art of M&A / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS™ credential.

IT

Software Equity Group

JULY 9, 2024

Markel specializes in M&A legal issues for middle-market software companies and offers expert insights into the key legal considerations essential for companies entering the M&A arena. However, to maximize the chances of a profitable outcome, founders must proactively prepare for the sale. Who Really Owns Your Company?

Sale

The TRADE

JANUARY 3, 2024

It’s a world which has a compelling backstory and a future which could veer off in several different directions depending on a range of scenarios which includes growing demand from larger buy-side organisations, M&A activity and an increasing level of investment needed to stay competitive. Will we see more M&A?

Trading

How2Exit

AUGUST 21, 2023

Their team is experienced in M&A, and they hire the best talent available. Eventually, Kindara was sold in 2018, showcasing the success that can come from venture capital-backed ventures. Reconciled sets the standard for consistency and quality that you can count on. rn The second stage, planting, focuses on external preparation.

Funds

The Deal

SEPTEMBER 22, 2023

The strategy centers around developing a symbiotic “flywheel” relationship between the consumer products and media properties, while tapping Ivest’s expertise in licensing, M&A and what Loch terms a “private equity 2.0” ” approach. “It’s A Mini Warner Bros. for decades.

Entertainment

The TRADE

JULY 17, 2024

After moving to a centralised equity dealing desk in 2002, the institution added fixed income to the mix to create a multi-asset offering in 2018. Historically, the trading teams were siloed by asset class with separate equity and fixed income teams trading their own products alongside FX and derivatives. It’s too broad.

Asset Management

Growth Business

DECEMBER 12, 2023

The volume of UK fintech deals also dropped from 392 in the first half of 2022 to 212 UK M&A, private equity or VC deals completed in the first half of this year. By Kirstie McDermott on Growth Business - Your gateway to entrepreneurial success UK fintech investment dropped by a calamitous 57 per cent to £4.6 Unicorns abound, too.

Banking