The TRADE

OCTOBER 21, 2024

Last year, Goldman Sachs’ chief operating officer for EMEA equity execution services Eleanor Beasley took home the Industry Person of the Year Award in a landslide victory. Over the course of his career, Baugh has become renowned as a trusted partner to clients and for leading positive change in the European equities marketplace.

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Trading Financial Market Equities Advisory 98

Growth Business

MARCH 1, 2024

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.

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Private Equity Equities Investment Business 59

The TRADE

JANUARY 16, 2024

The new firm – Panmure Liberum – will be a market maker in over 750 stocks with all-cap execution capabilities and have over 250 quoted corporate clients with market cap of £250 million. Together the two firms have an aggregate of £9.9 The new combined entity will have offices in Cambridge, Guernsey, Leeds, London, and New York.

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Sica Fletcher

APRIL 18, 2024

Price, however, is not the only consideration - contemporary deals also include additional considerations, like equity and overall deal structure, to determine what a business owner will actually get from a completed M&A transaction. Equity When selling an insurance agency, price used to be the end-all, be-all discussion.

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Insurance Equities M&A Finance 52

Software Equity Group

JUNE 27, 2023

This concept is called rollover equity and is common for private equity transactions. What is Rollover Equity? The offer of ongoing ownership is known as “rollover equity” because the seller chooses to roll a portion of the sale proceeds back into the company’s new ownership structure. How Does Rollover Equity Work?

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Equities IT Private Equity M&A 52

The Harvard Law School Forum

MAY 3, 2023

The substantial growth in hedge funds and private equity, developments in governance and ESG concerns, the growing receptiveness of institutional investors to activism and the role of proxy advisory firms have also had a significant impact.

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Mergers and Acquisitions Government M&A Private Equity 100

Trout CPA: M&A

MARCH 24, 2023

Written by Andrew Rice, CPA, CVA , Managing Director of Trout CPA’s Transaction Advisory Services When structuring an M&A transaction, deciding between an asset or stock sale can be an obstacle between buyers and sellers. Finding a transaction structure that works for both parties is critical to the success of the deal.

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The TRADE

MARCH 4, 2024

Legal & General Investment Management (LGIM) promoted one of its own to the role of head of US equity and foreign exchange trading. Gregory Corrigan was selected to take up the reins for US equity and FX trading after eight years at LGIM. Shastry, a managing director based in London, had been with the firm for over ten years.

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Asset Management Sale Trading Equities 72

Cooley M&A

NOVEMBER 20, 2023

Compensation matters, including retention packages, equity treatment and related disclosure, are always key negotiating points in M&A transactions. Typically, M&A transactions involve converting target equity awards into buyer equity awards and granting new hire and retention awards to incoming employees.

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M&A Equities Advisory Shares 52

PCE

OCTOBER 25, 2023

Should you seek acquisition by another company, accept a proposal from a private equity group, or sell to an employee stock ownership plan (ESOP)? Contemplating the sale of your business may feel like embarking on a daunting journey, particularly as you attempt to navigate the intricate landscape of exit strategies.

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Sale Private Equity Equities Stock 52

Sica Fletcher

JULY 11, 2024

Equity Is the Name of the Game Using equity in place of cash payouts has become the M&A standard across all industries over the last 10 years, now comprising approximately 90% of the payouts in modern insurance M&A deal structures. Pay attention to how the equity a buyer offers is actually valued.

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Insurance M&A Debt Equities 52

The TRADE

NOVEMBER 9, 2023

Goldman Sachs’ chief operating officer for EMEA equity execution services Eleanor Beasley took home the Industry Person of the Year Award last night at The TRADE’s annual glittering awards gala. She began her career as an analyst at the London Stock Exchange Group (LSEG) in 2002.

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Trading Equities Asset Management Management 52

Cooley M&A

SEPTEMBER 16, 2024

A key feature of a merger of equals transaction is that stock consideration is issued to the stockholders of one or both companies on a tax-deferred basis [2]. Like in an equity financing transaction, the combined company will often establish a new go-forward equity pool.

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Mergers Mergers and Acquisitions Valuation Stock 52

Successful Acquisitions

MARCH 30, 2023

When we speak of sale type, we’re referring to whether this will be an asset sale or a stock sale. A stock sale is very different. In a stock sale, an acquirer purchases the equity interests of a company directly from the existing owner(s). Here the owner essentially trades his stock certificates for consideration.

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Sale M&A Stock Equities 52

Mergers and Inquisitions

OCTOBER 16, 2024

private equity or venture capital ). These 1 – 2 “steppingstone internships” could be at any firm, but many students do them at boutique investment banks or small/startup private equity or venture capital firms. Yes, that’s why 99% of people actually want to do investment banking, but you still can’t cite these reasons in your answer.

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Investment Banking Bank Banking Investment 111

iMerge Advisors

APRIL 8, 2025

Prepare the Business for Sale Buyers especially private equity firms and strategic acquirers expect a clean, well-documented business. Common structures include: Asset vs. Stock Sale: Each has tax and legal implications. Learn more in Asset versus Stock Sale. Transition to an advisory role? Will you stay on as CEO?

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M&A Valuation Private Equity Advisory 40

iMerge Advisors

APRIL 11, 2025

But with the right preparation and advisory support, the timeline can be managed strategically to align with your goals whether thats maximizing valuation, minimizing disruption, or closing before year-end. Private equity buyers, on the other hand, may require more extensive diligence and internal investment committee approvals.

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IT M&A Valuation Advisory 40

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.

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Private Equity Insurance Equities Management 52

Sica Fletcher

MARCH 28, 2024

H2 2024 Will See Increased Deal Volume & Value If Interest Rates Lower Insurance M&A Buyers Are Looking For New Things In 2024 Equity will play a larger role in deals H2 2024 Will See Increased Deal Volume & Value If Interest Rates Lower 2023 is widely regarded as one of the worst years for M&A in recent memory.

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M&A Insurance Mergers and Acquisitions Equities 52

Mergers and Inquisitions

NOVEMBER 22, 2023

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

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Intrepid Banker Insights

MARCH 28, 2023

The M&A markets became significantly more challenged in the second half of 2022, and deal activity reported by investment bankers and private equity financial buyers has slowed down, with uncertainty and rising financing costs playing prominent roles.

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The TRADE

NOVEMBER 6, 2023

Eleanor Beasley, chief operating officer for EMEA equity execution services, Goldman Sachs Chief operating officer of EMEA equity execution services, Eleanor Beasley, joined Goldman Sachs to manage its new-look market structure team in 2019. She began her career as an analyst at the London Stock Exchange Group (LSEG) in 2002.

Trading 52

Trading Asset Management Equities Management 52

Sica Fletcher

MAY 29, 2024

Stock Will Take Up a Larger Percentage of Payout Structures While 20 years ago, transaction payouts were typically 100% cash, more often than not, modern payouts now almost universally contain some amount of equity in the buyer company as a central part of the deal.

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Software Equity Group

SEPTEMBER 24, 2024

For example, term sheets typically address the following heavily negotiated issues in the transaction structure section: Consideration : Are you only getting cash consideration for the sale, or are you accepting some stock in the acquiring company? Tax optimization : M&A transactions have huge tax implications for buyers and sellers.

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Chesapeake Corporate Advisors

MAY 2, 2023

Additionally, if you decide to roll equity to get a “second bite of the apple,” through a subsequent sale, it will result in less cash today but provides additional upside down the road. A stock transaction will be better for a seller than an asset purchase. For more information, visit www.ccabalt.com or call 410.537.5988.

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Business Investment Banking Corporation Advisory 52

iMerge Advisors

APRIL 8, 2025

Your answers will shape the type of buyers you target from strategic acquirers to private equity firms or growth investors. appeared first on Transforming Tech: The Premier M&A Advisory Firm for Software and Technology Businesses. Are you seeking a full exit, partial liquidity, or a growth partner? Timing also matters.

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M&A Valuation Private Equity Negotiation 40

Chesapeake Corporate Advisors

MAY 4, 2023

Private equity (PE) groups still have capital to deploy—and strategic acquirers, including large middle-market or public companies, are using their balance sheet s to finance deals. If you receive an unexpected offer to buy your company, you might assume you have a quick, easy deal.

Business 52

Business Mergers and Acquisitions Corporation Sale 52

Sica Fletcher

JUNE 20, 2024

The History of Private Equity 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 private equity (PE) firms in the buyer space. We’ve seen this number jump even in the last two years, with the percentage of equity almost doubling.

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Insurance M&A Valuation Equities 52

Cooley M&A

JANUARY 30, 2024

7] Winning the support of the proxy advisory firms (ISS and Glass Lewis) continued to be crucial, particularly for the activists: Of the nine activist proxy contest victories, only two came without the support of at least one of the proxy advisory firms. (On

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Private Equity M&A Capital Investors 52

Solganick & Co.

DECEMBER 21, 2023

Samooha, meanwhile, gets an undisclosed amount of cash and/or stock in addition to the support of Snowflake’s massive technical and engineering infrastructure. together with certain of its affiliates, “Clearlake”) and Insight Partners (“Insight”), two global private equity firms, in a transaction valued at $4.4

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M&A Private Equity Capital Entertainment 52

Sica Fletcher

JUNE 11, 2024

The use of stock nearly doubled since last year’s data. Whereas 2022 saw equity making up nearly 17.5% As long as buyers face higher interest rates, sellers should expect a prolonged deal process contending with complex capital structures and equity-based negotiations. of payouts, this number has already grown to 33.3%

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iMerge Advisors

APRIL 16, 2025

They may offer lower headline multiples but more flexible deal structures, such as earn-outs or equity rollovers. Deal Structure and Terms Strategic buyers often prefer outright acquisitionstypically stock or asset purchaseswith a clean break. Financial buyers, on the other hand, frequently structure deals to keep founders involved.

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M&A Valuation Advisory Acquisitions 40

Peak Frameworks

OCTOBER 30, 2023

Morgan, which offer services in underwriting and M&A advisory. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietary trading where banks invest their own money. Such activities come with significant costs: due diligence, advisory fees, legal costs, and more.

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iMerge Advisors

APRIL 14, 2025

Core Components of a Closing Binder Though the exact contents may vary depending on deal structure (asset vs. stock sale), jurisdiction, and industry, most closing binders for startup acquisitions include the following categories: 1. key customers or licensors) Waivers of rights of first refusal, co-sale rights, or drag-along provisions 3.

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Acquisitions Mergers and Acquisitions M&A Sale 40

iMerge Advisors

APRIL 16, 2025

In reality, buyersespecially private equity firms and strategic acquirersexpect a well-documented, diligence-ready business. We explore these nuances in Tax Law Changes and the Impact on Personal Taxes from Selling a Software Company and Asset versus Stock Sale. The post What are the common pitfalls when selling a software business?

Business 40

Business M&A Valuation Negotiation 40

iMerge Advisors

APRIL 14, 2025

These agreements can become sticking points if compensation, non-competes, or equity rollover terms are not aligned with expectations. appeared first on Transforming Tech: The Premier M&A Advisory Firm for Software and Technology Businesses. In founder-led businesses, key person risk is a major concern.

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Successful Acquisitions

MARCH 8, 2023

We’ll delve into sale structures during a later part of this series but suffice it to say the vast majority of business sales are not consummated solely by a single purchase of all of the stock or assets at a single point in time. Brian Goodhart is Capstone’s Director of M&A Advisory Services.

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Business M&A Sale Shares 52