InvestmentBank.com

JANUARY 14, 2021

One could likely dedicate an entire history book to all that has happened in 2020. This new world has forced many new adaptations and innovations, but what has this meant for those in VC who circled themselves around new trends and innovations long before 2020? According to analysis from PwC and CB Insights, Q2 2020 showed a 9.6%

Capital 40

Capital IPO S&P Hospitality 40

The Deal

JUNE 22, 2023

for an undisclosed sum in 2020; of eVestment for $705 million in 2017; and of International Securities Exchange Holdings Inc. Reed and Michael P. Chief legal officer Joshua S. in 2020 and of Calypso Technology Inc. Lam has done several other deals for Nasdaq, including its purchases of Solovis Inc. billion in 2016.

Private Equity 98

Private Equity S&P Equities Finance 98

The TRADE

JANUARY 22, 2025

Mike Simanovsky, the founder and CIO at Conversant, served as a partner at Senator Investment Group, there for nine years before launching Conversant in early 2020. When Mike called me about the opportunity to join Conversant, he emphasised the firm’s long-term, buy-and-hold strategy, akin to private equity. It’s been busy.

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Funds Capital Capital Market S&P 59

Wizenius

APRIL 1, 2023

Apple's credit rating was AA+ from S&P and Aa1 from Moody's, which allowed it to borrow at a low interest rate. 2) Ford: Ford: In 2020, Ford raised $8 billion in debt to boost its liquidity and support its restructuring efforts. The 10-year US Treasury yield in August 2020 was around 0.7%.

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Debt Equities S&P Shares 52

How2Exit

OCTOBER 3, 2022

As the founder/owner of a Managed Services Provider (MSP), it’s important to know the value drivers that should inspire your business strategies -- whether you plan to sell today or in the future. It’s the best starting point toward achieving an optimal net profit. billion (USD) in 2020. billion by 2026.

Management 100

Management S&P Acquisitions Business 100

Mergers and Inquisitions

JANUARY 3, 2024

My portfolio did “OK” (up 10% for the year), but it greatly underperformed the S&P 500 , which was up 24%. On the other hand, I was only down 9% in 2022 vs. a 19% drop for the S&P, so both the index and my portfolio are now back to “early 2022” numbers.

Investment 59

Investment S&P Equities Portfolio 59

Razorpay

JUNE 18, 2023

Traditional banking, which has been the go-to for hundreds of years now, has not been able to keep up with today’s tech-savvy customers. Tasks that typically require a visit to a physical branch, like depositing a cheque, can be done on the go from a user’s mobile phone or laptop. New-age banking is new.

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Banking Bank Insurance Finance 98

Software Equity Group

MARCH 13, 2023

On the surface, things looked rough: the Dow Jones, S&P 500, and the NASDAQ all finished the year with significant losses, with tech stocks hit particularly hard. After the unprecedented market highs of 2020 into 2021, it’s natural for founders in this environment to wonder if they’ve missed the boat. 4Q22’s multiple of 5.6x

M&A 52

M&A Private Equity Equities S&P 52

Sica Fletcher

FEBRUARY 18, 2020

Sica | Fletcher is pleased to announce that we’ve topped the S&P Global rankings for the third consecutive year. Sica | Fletcher is excited to keep with momentum going into 2020. Please do not hesitate to reach out if you have any questions or would like to get to know us.

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Insurance M&A Private Equity Advisory 52

Tyton Partners

JULY 27, 2023

We discuss with Mark the process of becoming an anti-racist and anti- sexist org anization and how RBF embed s DEI initiatives i nto its culture , its hiring practices, its investing, its endowment, and its partnerships, an d how those can serve as ex ample s to other institutions. MA That’s an interesting question.

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Funds S&P IT Management 52

Sica Fletcher

JUNE 11, 2024

Last year's data saw PE firms acting as buyers in ~90% of all transactions. Sica | Fletcher’s team is the industry leader in insurance M&A, sitting at the top of the S&P Global charts for a decade. Whereas 2022 saw equity making up nearly 17.5% of payouts, this number has already grown to 33.3% as of H1 2024.

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Broker Insurance Valuation S&P 52

Focus Investment Banking

SEPTEMBER 4, 2024

based dealership in 2020. According to S&P Global, the monetary value of dry powder reached $2.59 Incidentally, S&P Global estimates that Leonard Green & Partners alone was sitting on $15.3 -based Mavis Tire Express Services Corp., which in 2021 was acquired by a group of investors led by BayPine LP.

Private Equity 52

Private Equity Equities S&P Mergers and Acquisitions 52

Sica Fletcher

APRIL 2, 2024

Insurance M&A Deal Value By Sector, 2020-2023 *Source: Deloitte’s 2024 Insurance M&A Outlook The demand for brokers is likely to continue into 2024 due to their small-scale operations, which makes them perfect for “tuck-in” deals.

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Insurance M&A S&P Broker 52

Focus Investment Banking

JANUARY 18, 2024

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. About the only new entrant to the public markets has been KLDiscovery, a provider of e-discovery, information governance and data recovery services, which went public via a special purpose acquisition company (SPAC) transaction in 2020.

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IPO Consulting Corporate Finance Professional Services 52

Cleary M&A and Corporate Governance Watch

AUGUST 2, 2023

11] Form S-3 Eligibility Not Affected. cybersecurity incident will not result in loss of Form S-3 or other short form eligibility, consistent with how the Commission approaches other Form 8-K items that include subjective materiality determinations. The rule provides that untimely filing of a Form 8-K relating to an Item 1.05

Government 52

Government S&P Risk Management Management 52

Sica Fletcher

JULY 11, 2024

However, the brokerage's tech stack now handles many of these job functions, which significantly improves the bottom line and increases profitability. Founders Michael Fletcher and Al Sica are two of the industry's leading dealmakers who have advised on over $16 billion in insurance agency and brokerage transactions since 2014.

M&A 52

M&A Insurance Debt Equities 52

Sica Fletcher

OCTOBER 23, 2024

RIA Deal Value and Deal Volume, H1 2020 - H1 2024 In addition, the Federal Reserve has finally started issuing mild tax cuts as of Q3 2024, which suggests a future bump in M&A deal activity. We’ve also noticed the shape of deals changing over the last few years, with cash payments taking up an increasingly larger portion of payouts.

Valuation 52

Valuation M&A Insurance Advisory 52

Sica Fletcher

OCTOBER 16, 2024

As of 2023, the market remains strong with RIAs of every size seeing moderate growth from their pre-pandemic numbers, as shown below: EBITDA Multiples for RIAs: 2020-2024 As is the case in many other industries, the RIA M&A market is robust but growing increasingly more complicated.

Valuation 52

Valuation Mergers and Acquisitions Insurance M&A 52

Sica Fletcher

JUNE 20, 2024

PE firms rely on leveraged buyouts (LBOs) for the lion's share of their deals, which often involve using the acquired company’s assets as collateral to insure the loan used to purchase it. in 2020 to 9.5% for insurance agencies. Premiums on insurance policies have more than tripled over the last four years, from 2.5%

M&A 52

M&A Insurance Valuation Equities 52

The TRADE

OCTOBER 9, 2024

Varied approaches to the Covid-19 pandemic starting in 2020 paired with the subsequently varied approaches central banks have taken to abate the economic fallout has left traders, in particular those in the emerging and frontier fixed income space, more reliant on their relationships than ever, both internally and externally.

Trading 59

Trading Bulge Bracket Asset Management Bank 59

Sica Fletcher

MAY 8, 2024

seller's discretionary earnings, discounted cash flow), they are so rarely used in insurance M&A that we do not include them here. Macroeconomic changes (like the 2020 pandemic, or the recession in 2022) can have an immediate and unexpected impact on how buyers value your agency, regardless of past multiples. Let’s Talk.

Insurance 52

Insurance M&A Valuation Advisory 52

Sica Fletcher

JULY 31, 2024

EBITDA Multiples vs. Cost Of Debt, 2020-2024 Although this phenomenon has never before been seen in insurance M&A transactions, our team cites two reasons why the current market looks the way it does: Resiliency. The following sections detail our team’s advice for agency owners considering a transaction.

M&A 52

M&A Insurance Debt Equities 52

Peak Frameworks

AUGUST 15, 2023

The Seven Indicators Stock Price Momentum : The S&P 500 versus its 125-day moving average. Market Volatility : The CBOE Volatility Index (VIX), for instance, spiked during the 2020 Covid-19 market crash. The index uses seven market indicators to calculate a value ranging from 0 (Extreme Fear) to 100 (Extreme Greed).

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Investors Stock Risk Management Investment 52

InvestmentBank.com

MAY 26, 2021

Well, 2020 is finally leaving us. Several years of substantial increases in total lending had created an environment with a high potential for defaults and losses in the case of an economic setback; [1] the total value of corporate debt due in 2020 had surpassed $1T [6]. COVID-19 hit the equity markets quite early in 2020.

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Capital Raising Capital Debt Private Equity 52

The TRADE

JANUARY 18, 2024

He explains: “If somebody’s entering a huge notional-sized order into the marketplace, they might not want to put that on-screen. When you look on-screen, the size and price you see in the screens isn’t necessarily the full market, it’s what the market makers are comfortable quoting electronically.

Trading 130

Trading Electronics S&P IT 130

FineMark

JANUARY 17, 2024

The equity market also noted the Fed’s comments as investors piled back into equities and the S&P 500 finished the year up more than 26%. This regime ended in 2020 as yields on the 10-year Treasury bottomed at nearly 0.60%. To put this in perspective, over the last decade the S&P 500 has annualized at 12.03%.

S&P 52

S&P Equities Valuation Investment 52

FineMark

JULY 13, 2023

The stark differences in index performance, specifically the effects of mega-cap technology listings and their disproportionately large weights in the S&P 500, are also worth highlighting. Some of this weightiness can be seen in the performance disparity to date between the S&P 500 and the Dow Jones Industrial Average.

S&P 52

S&P Banking Bank Investment 52

The TRADE

OCTOBER 24, 2024

Chief among the catalysts for its growth was the Covid-19 pandemic which began in 2020 and subsequently saw many traditional sell-side institutions reduce their balance sheet and withdraw from the market. The first ETF to launch in the US was the SPDR S&P 500 ETF (SPY) in 1993. Portfolio trading Next up is portfolio trading.

Trading 120

Trading Investors IT S&P 120

Mergers and Inquisitions

OCTOBER 2, 2024

When Industry on HBO premiered in 2020, I watched the first few episodes, got distracted, and didn’t even finish Season 1. One character in S&T attempts to move to private wealth management but does so by announcing the move to her desk and “splitting” her time. This would never happen in real life.

Investment Banking 102

Investment Banking Banking Bank Investment 102

Mergers and Inquisitions

APRIL 10, 2024

This happened for a few reasons: 1) Soaring Valuations – Many sources say that sports team valuations “outperformed” the S&P 500 over the past 20 years, which is a polite way of saying that many teams are now valued at extremely high multiples. When the fans are passionate, there are infinite ways to milk the brand’s value.

Private Equity 103

Private Equity Equities Funds Entertainment 103

Cooley M&A

JANUARY 20, 2022

Although the COVID-19 pandemic that defined 2020 continued to shape much of the life sciences industry in 2021, the way that it did was markedly different. on transactions over 2019’s mega?mergers. But deal value – which totaled $108 billion as of December 15, 2021 – was slightly down from 2020 and significantly down from 2019.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] 10] Deal Point Data; Cooley analysis.

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Sica Fletcher

FEBRUARY 9, 2021

2020 finally is in the rear-view mirror. S&P reported that the number of insurance brokerage transactions closed in 2020 slightly exceeded those in 2019. S&P reported that the number of insurance brokerage transactions closed in 2020 slightly exceeded those in 2019.

Capital 52

Capital IT Economics Insurance 52

CNBC: Investing

JUNE 5, 2025

The Russell 2000 was the first to enter bear market territory after President Donald Trump 's sweeping tariff policy was announced in April. The S & P 500 is up more than 1%. It's a name that investor Jenny Harrington, CEO of Gilman Hill Asset Management, picked up after its tariff-induced sell-off.

Stock 64

Stock Banking Bank Hospitality 64

Mergers and Inquisitions

JANUARY 8, 2025

Being in your country’s top ~5% of earners will make a FAR bigger difference than fancy strategies, day trading, or finding the occasional meme coin that goes up by 100x. Clearly, that was a mistake because the S&P 500 roughly doubled over that period. The perfect example is COVID in the first quarter of 2020.

Investment 59

Investment Portfolio S&P Trading 59

Focus Investment Banking

JANUARY 14, 2025

This significantly underperformed the returns of both the S&P 500 (up 2.1%) and the NASDAQ (up 6.2%) over the corresponding time frame.When viewed over the past 12-months, the TBSI is down 3.1%. The S&P 500 is up 23.3% Once again, this compares unfavorably to the broader indices. revenue and 10.5x

Business 52

Business S&P Engineering Acquisitions 52

Cooley M&A

JANUARY 30, 2025

CEOs increasingly targeted by activists Despite a down year in the boardroom, activists had greater success in driving executive shakeups, logging 27 CEO resignations following the launch of a campaign (an all-time high, representing a 69% increase over the four-year average and a 170% increase since 2020).

Investors 93

Investors M&A S&P Management 93