Senior Managing Director Gil Mermelstein will be a panelist at session, "LBO Shops Deploy Firepower Throughout Finserv Sector."

Join Senior Managing Director Gil Mermelstein at Mergermarket's session, "LBO Shops Deploy Firepower Throughout Finserv Sector." The number of PE-led financial service acquisitions has held steady this year relative to activity going back to 2010. However, valuation jumped to almost USD 15bn among disclosed transactions, blowing past second-placed 2013, which recorded USD 10.5bn – broadly a reflection of record fundraising and dry powder deployment. 

Much like 2016, PE firms targeted various insurance firms for their predictable cash flows and low costs of capital. The largest LBO of 2017, KKR's purchase of USI Holdings Corp for USD 4.3bn highlighted this trend and another in which sponsor-to-sponsor transactions dominated the LBO dealmaking landscape. Will these trends continue for the remainder of 2018 and into 2019?
  • Panelists will discuss private equity dealmaking opportunities and trends within the financial services industry.
  • What is the outlook for buyouts of insurance companies, financial advisors and asset management firms – apparent favorites of the PE industry?
  • How will exit conditions endure over next several months? Is the role of an "exit committee" truly instilling a more objective and disciplined approach to such decisions?
  • How are PE firms competing with strategic buyers given the latter's cost of capital and cash advantage?
  • What kind of "bolt-on" strategies will LBO shops pursue within the financial service sector, i.e. fintech addons for small scale bank platforms?

Details 

Session

The session will begin at 10:30 AM ET
LBO Shops Deploy Firepower Throughout Finserv Sector

Date and Time 

Registration opens at 8:00 AM ET 
November 8, 2018

Location 

10 on the Park
New York, NY
November 8, 2018

West Monroe clients and contacts may receive a complimentary registration pass to this event. Space is limited, please contact Blair Doyle for details. 

Register