How2Exit

FEBRUARY 12, 2024

b' E185: Mid-market M&A Advisory Services in a Changing Economic Landscape with Steve Conwell - Watch Here rn rn About the Guest(s): rn Steve Conwell is a co-founder of Final Ascent, a mid-market M&A advisory firm specializing in exit planning and succession strategies.

M&A

Solganick & Co.

OCTOBER 7, 2022

has published its latest Healthcare IT M&A Update for Q3 2022. To summarize, the Healthcare IT M&A market was still active even though the economic market and stock market were volatile. ’s Healthcare IT M&A Group Solganick & Co. October 7, 2022 – Manhattan Beach, CA – Solganick & Co.

M&A

The Deal

JANUARY 12, 2024

Sebastian quit activist fund advisory firm Olshan Frome Wolosky LLP in February to co-lead the shareholder engagement and activism practice at Wilson Sonsini Goodrich & Rosati PC, and Jillian recently left Goldman, Sachs & Co. Then I’m afraid we’ve taken ESG deep into meme stock territory.”

M&A

Sica Fletcher

MARCH 28, 2024

The following report contains our observations of insurance M&A trends in 2024. As a result, our analysts predict a flurry of M&A activity in H2 2024. As insurance M&A enters into the 2020s, however, buyers are looking at several additional factors that speak to an agency’s more intangible qualities.

M&A

Sica Fletcher

JULY 11, 2024

The following report details insurance brokerage M&A multiple averages for H1 2024. Insurance Brokerage M&A Multiples: Market Overview The 2020s have proven to be a complex market for insurance brokerages. Because several kinds of insurance are legally required (e.g., Streamlined Operations.

M&A

Solganick & Co.

DECEMBER 21, 2023

Two of the major data analytics software companies, Snowflake and Alteryx, announced M&A transactions during the week of December 18th. sees continued M&A demand for fast growing data analytics and AI software and IT services firms that provide automated applications and processes to the cloud. billion, including debt.

M&A

Sica Fletcher

MAY 29, 2024

M&A transactions for insurance companies are part of a robust but complicated market that requires ingesting a great deal of data in order to fully understand. While insurance M&A did see slight dips in deal volume and average value (Fig.2)

M&A

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. In this post, we discuss compensation challenges in M&A deals in a depressed market and how dealmakers can address these issues.

M&A

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.

Investment Banking

Cooley M&A

FEBRUARY 8, 2018

What’s on tap for 2018 M&A? Ideally, the revesting provisions are structured to provide key employees long-term capital gains treatment on any deferred payments (compared to the ordinary income attributed to vested options or restricted stock units cashed out at closing). 280G Gross-Ups in Public Company Sales.

M&A

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.

Advisory

Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. The table of contents below offers quick links for readers seeking specific information in later sections.

M&A

The Harvard Law School Forum

MAY 3, 2023

Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders? discussed on the Forum here ) by John C. Coates, IV, Darius Palia, and Ge Wu; and The New Look of Deal Protection (discussed on the Forum here ) by Fernan Restrepo and Guhan Subramanian.

Mergers and Acquisitions

iMerge Advisors

APRIL 10, 2025

Summary of: Regulatory Hurdles in Cross-Border M&A for Tech Companies: What Founders and Dealmakers Need to Know Cross-border M&A has long been a strategic lever for technology companies seeking scale, market access, or innovation synergies. China, Russia) Access to sensitive personal data of U.S. In the U.S.,

M&A

Cooley M&A

JANUARY 25, 2023

Although 2022 saw a general decline in M&A activity in the life sciences industry compared to 2021’s frenetic pace (when deal volume was up 52% from 2020 ), life sciences deal flow in 2022 on balance remained strong despite the headwinds. Let’s dig in.

M&A

TechCrunch: M&A

APRIL 27, 2023

based brokerage and financial advisory firm, and its subsidiaries have been providing financial services for over 50 years. Today’s acquisition represents Kakao Pay’s first M&A transaction outside of its home market. Kakao spent $17 million on this transaction and the company now owns a 19.9% stake in Siebert.

Financial Services

iMerge Advisors

APRIL 8, 2025

Common structures include: Asset vs. Stock Sale: Each has tax and legal implications. Learn more in Asset versus Stock Sale. Summary of: How Do I Sell My Software Company? A Complete Guide for Founders For many software founders, selling the company is the most significant financial event of their lives. Timing also matters.

Valuation

iMerge Advisors

APRIL 11, 2025

The answer, as with most things in M&A, is: it depends. 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. Summary of: How Long Does It Take to Sell a Software Company?

IT

Software Equity Group

SEPTEMBER 24, 2024

A term sheet is often used in the early stages of negotiating a venture capital investment or M&A transaction. Since SEG specializes in helping SaaS founders navigate M&A exits , we’ll focus on term sheets in that context. What is a Term Sheet? A term sheet is a document that outlines the terms of a proposed transaction.

Negotiation

Mergers and Inquisitions

OCTOBER 16, 2024

But most coverage suggests generic answers about wanting to learn a lot, liking financial analysis or valuation, or wanting to “understand different industries.” These answers are bad not just because they’re generic but also because: They don’t reflect the context of the interview. They don’t reflect market changes over time.

Investment Banking

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.

Sale

iMerge Advisors

APRIL 8, 2025

This article outlines the key stages of a successful software company sale, with insights tailored to founders and executives navigating the M&A landscape. A good M&A advisor will run a pre-diligence process to identify and resolve red flags before buyers see them. Do you want to stay on post-transaction or transition out?

M&A

iMerge Advisors

APRIL 16, 2025

Overlooking Tax and Deal Structure Implications Many founders focus on the top-line purchase price, but overlook how deal structureasset sale vs. stock sale, earn-outs, escrows, rollover equityaffects their net proceeds. But even the most promising exit can be derailed by avoidable missteps.

Business

iMerge Advisors

APRIL 8, 2025

Choose the Right M&A Advisor While some founders attempt to sell their company directly, most successful exits especially in the $5M$100M range involve a specialized M&A advisor. Summary of: How Do I Sell My Software Company? A Complete Guide for Founders Selling a software company is a high-stakes, high-reward endeavor.

Valuation

Sica Fletcher

JUNE 11, 2024

The Insurance Brokerage M&A Market in 2024 On average, insurance brokerages are seeing the highest valuations they’ve had in a decade. The use of stock nearly doubled since last year’s data. Until this happens, we expect the insurance broker M&A market to remain active but complicated. as of H1 2024.

Broker

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.

Bulge Bracket

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. But what exactly goes into a closing binder? What Is a Closing Binder?

Acquisitions

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. This is the natural consequence of getting an immediate payout.

Insurance

iMerge Advisors

APRIL 16, 2025

This article breaks down the key distinctions between strategic and financial buyers, with a focus on how these dynamics play out in the software and SaaS M&A landscape. Deal Structure and Terms Strategic buyers often prefer outright acquisitionstypically stock or asset purchaseswith a clean break.

M&A

iMerge Advisors

APRIL 14, 2025

Summary of: Last-Minute Deal Dynamics: What to Expect Before Closing an Acquisition For founders and CEOs navigating the final stretch of an M&A transaction, the days leading up to closing can feel deceptively quietuntil theyre not. Key considerations include: Defining working capital : Exclude cash? Include deferred revenue?

Negotiation

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. Watching for employee turnover is another key piece of the puzzle.

Capital

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. While the term "bank" may conjure a monolithic image, the reality is far more nuanced.

Banking

iMerge Advisors

APRIL 14, 2025

The nature of your tax filings will depend on how the deal was structuredwhether it was an asset sale or a stock sale and your entity type (C-corp, S-corp, LLC, etc.). Summary of: What Tax and Legal Paperwork Should You Expect After Selling Your Company? For federal purposes, this is currently taxed at up to 20%, plus the 3.8%

Sale

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. Momentum building for 2024?

Private Equity

Software Equity Group

JUNE 27, 2023

An increasing number of today’s software M&A deals are structured for sellers with the option to exchange cash at close for a possible upside down the line. An increasing number of today’s software M&A deals are structured for sellers with the option to exchange cash at close for a possible upside down the line.

Equities

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. Involvement is inherently personal and as such its entirely unique to the sellers and their personal situation.

Business

Sica Fletcher

DECEMBER 12, 2019

Typically, a percentage of the consideration will be paid in stock of the acquirer. This is generally the same stock which is owned by senior management and the private equity investor. The reason stock is used is that acquirers understand they are investing in people, first and foremost. The best advice here is “ seller beware.

Private Equity