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According to this S&P Global report, despite the increasing challenges buyers face in obtaining financing and the other macro headwinds facing dealmakers, Q3 deal terminations reached their lowest level since 2020. That’s down from 14 […]
Written by a top OfficeHours Coach; Original article published on October 16, 2023 In today’s world, there is much uncertainty around public markets. However, for privateequity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets.
My biggest takeaway from this year’s MTD 100 is the growing number of large tire dealerships that are either owned or backed by privateequity groups. based privateequity firm Leonard Green & Partners remains a majority investor in Sun Auto Tire & Service Inc. That’s why they call it “private!”)
However, for privateequity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of privateequity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.
According to the report, SF Index members acquired 242 Agents/Brokers in the first half of the year, totaling $635M in agency and broker revenue (approximately 45% less than the same period in 2023). PrivateEquity-backed buyers maintain a dominant position in M&A activity, accounting for 87% of YTD June 2024 Index transactions.
According to the report, SF Index members acquired 242 Agents/Brokers in the first half of the year, totaling $635M in agency and broker revenue (approximately 45% less than the same period in 2023). PrivateEquity-backed buyers maintain a dominant position in M&A activity, accounting for 87% of YTD June 2024 Index transactions.
and Paul S. Scrivano, Davis Polk & Wardell LLP, on Tuesday, April 25, 2023 Editor's Note: George Bason is partner and Chair of the Mergers and Acquisitions practice, and Andrew Ditchfield and Paul S. Posted by Andrew Ditchfield, George R. Scrivano are partners at Davis Polk & Wardwell LLP. Dougherty , Louis L.
Q2 Broker Buyer Index Shows a 16% Increase in Deal Volume Over Q1 2023 NEW YORK, NY - August 30, 2023 - Sica | Fletcher releases the Q2 2023 Agency & Broker Buyer Index. These 22 agent and broker acquirers accounted for 72% of all deal activity in the insurance brokerage space as of YTD June 2023.
December 21, 2023 The IT services M&A scene in 2023 has painted a dynamic picture, marked by both cautious optimism and strategic boldness. Navigating the Current M&A Landscape for IT Services: Cloud & Data Analytics Partners Take Center Stage by Aaron Solganick, CEO, Solganick & Co.
The public markets may have taken a beating, but behind the gloom-and-doom headlines, there was still plenty of good news for private SaaS companies in 2022. 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.
According to the report, SF Index members acquired 111 Agents/Brokers last quarter, totaling $284M in agency and broker revenue (approximately 21% less than what was acquired in Q1 2023). Many SF Index Members demonstrated steady increases in Q1 2024 deals compared to Q1 2023, while others have taken a strategic pause.
2023 Year-End Index Reflects Continued Emphasis on Strategic Fit for Investors NEW YORK, NY - February 6, 2024 - Sica | Fletcher releases the 2023 Year-End Agency & Broker Buyer Index. According to the report, SF Index members acquired 566 Agents/Brokers in 2023, totaling $2.2B in agency and broker revenue.
This was despite a strong overall market that pushed the S&P 500 up 3.9% However, this performance once again lags the broader indices by a fairly wide margin, as both the S&P 500 and NASDAQ gained more than 20% over the past year. and the NASDAQ up 8.3% over the same three-month time frame.
The following blog content has been updated in November 2023 to incorporate the most recent research findings. SaaS founders must stay attuned to the shifting preferences of privateequity (PE) investors and strategic buyers. Fast forward to 2023, these metrics’ significance as evaluation criteria remain.
Q3 Index Reflects an Emphasis on Strategic Fit for Investors in 2023 NEW YORK, NY – November 8, 2023 - Sica | Fletcher releases the Q3 2023 Agency & Broker Buyer Index. According to the report, SF Index members acquired 402 Agents/Brokers YTD through September 2023, totaling $1.70B in agency and broker revenue.
They might have separate teams for specific strategies or markets, but everything is run under a single Profit & Loss statement (P&L). There are very few real “requirements” besides the single PM / single P&L one above and the standard Limited Partner / General Partner structure that all hedge funds use.
The S&P 500 has recently traded near 4800, close to its record at the end of 2021. It has taken two years to return to those levels, after 2022 and 2023 were burdened with interest rate hikes and fears of a recession. So, is a public offering even a consideration for some of the large, privately held consulting companies?
gain in the S&P 500 and the 9.1% However, this return lagged the year-over-year performance of both the S&P 500 (up 27.9%) and the NASDAQ (up 34.0%). In what was likely the period’s largest transaction, privateequity firm American Securities acquired NWN Corporation from its previous privateequity backers.
The late 2010s, however, saw an explosion of privateequity activity that has dramatically increased that pool from 5 to more than 50. The graphic below illustrates the dramatic differences in activity among the top 25 buyers between 2022 and 2023. Exceptions to these trends occur often enough.
Predictions in H2 2023 suggested that 2024 would be a year of slow recovery, largely dependent on the Federal Reserve’s decision to cut interest rates. in H2 2023 to 287.4B. Deal volume has experienced a drop from 2023. EBITDA multiples for insurance agencies are higher than they have ever been. Changes in the buyer pool.
EBITDA Multiples for Insurance Agencies, 2018-2024 (Projected) M&A Deal Volume for Insurance Agencies, 2018-2024 (Projected) *S&P Global Data taken from ,,, “Insurance Brokers and Servicers Sector View 2024” The most important news this data offers is that insurance M&A is not actually in the tailspin that many “experts” claim it to be.
Founded in 2014, they have consistently ranked at the top of the S&P Global Data's rankings for investment banks, totaling an average of 100 deals per year. Their size also provides a hidden value for prospective clients in that it ensures that the firm's principals touch on every deal that they handle.
2023 saw a myriad of factors impact SaaS M&A multiples, including economic developments, technological advancements, and a public market rebound. Learn more about the external influences shaping your SaaS company’s valuation multiple below. #1. The Analytics and Data Management category was second in 2023, with 285 deals.
2023 saw a myriad of factors impact SaaS M&A multiples, including economic developments, technological advancements, and a public market rebound. Learn more about the external influences shaping your SaaS company’s valuation multiple below. #1. The Analytics and Data Management category was second in 2023, with 285 deals.
The History of PrivateEquity in Insurance One of the primary forces differentiating the insurance M&A market in 2024 from those of decades past is the presence and dominance of privateequity (PE) firms in the buyer space. Premiums on insurance policies have more than tripled over the last four years, from 2.5%
That being said, M&A activity did see drops in deal value and overall volume in 2023, however, this decrease comes with two important caveats: The declines noted came primarily from megadeals and larger agencies valued at over $100MM. When we remove this element, deal volume actually held steady. Learn more at SicaFletcher.com.
privateequity firms, investment banks, individual investors). For example, a privateequity firm LOI might state that it plans to roll up your agency with others and resell them all several years later. Valuation For a more in-depth examination of the valuation process, consult our previous article on the subject here.
Common Insurance Agency Book of Business Payment Structures Insurance agency M&A transactions are typically going to happen through a financial buyer, which is almost always a privateequity company. Financing options offered by the seller, based on the book's performance over time. Much rarer in BoB sales.
They include: Insurance Agency Valuation Trends and Challenges: 2024 Edition Despite many industry descriptions of Q2 2022-Q4 2023 as a poor period for M&A activity, insurance agency valuations have remained strong during this time. There are surprisingly few large insurance brokerages. Learn more at , ,, SicaFletcher.com.
Q: Why not privateequity, growth equity, hedge funds, or entrepreneurship? A: For this one, you should find highly specific markets – such as P&C insurance technology rather than “fintech” – and argue that others have overlooked them for reasons X, Y, and Z, but they could potentially create billion-dollar startups.
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] billion leading the pack.
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