Banking, Finance & Insurance Q2 2020

Q2 2020 Banking Finance Insurance

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • CenterState Bank Corporation
  • South State Corporation
  • $3,186.61
  • Opus Bank
  • Pacific Premier Bank
  • $1,088.25
  • Carolina Financial Corporation
  • United Bankshares, Inc.
  • $1,009.60
  • IAS Parent Holdings, Inc.
  • iA Financial Corporation Inc.
  • $719.90
  • Revere Bank
  • Sandy Spring Bank, Inc.
  • $460.71
  • MutualFirst Financial, Inc.
  • Northwest Bancshares, Inc.
  • $362.14
  • ARX Holding Corp.
  • The Progressive Corporation
  • $243.00
  • Pedestal Bancshares Inc.
  • Business First Bancshares, Inc.
  • $187.55
  • American Financial & Automotive Services, Inc.
  • Assurant, Inc.
  • $157.50
  • National Lloyds Corporation
  • Align Financial Group, LLC
  • $143.60

 

Source S&P Capital IQ as of 7/17/2020 and PCE Proprietary Data

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Contacts

David Jasmund

Orlando Office

407-621-2111

Michael Poole

Orlando Office

407-621-2112

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. English, Carleton, "Bank Regulators Ease Up on the Volcker Rule. Next Up Are the Stress-Test Results", Barron's, Jun. 25, 2020.
  2. Golia, Nathan, "Insurtech Funding Rounds: Q2 2020 Edition", Digital Insurance, July 6, 2020.
  3. Childers, Angela, "Economy, COVID-19 claims lead comp market shifts", Business Insurance, July 8, 2020.
  4. Maddipatla, Manoina, Humer, Caroline, "U.S. Health Insurers benefit as elective care cuts offset coronavirus costs," Reuters, April 27, 2020.
  5. Haigh, Adam, "JPMorgan Says Global Liquidity Surge to Boost Stocks and Bonds", Bloomberg, July 5, 2020.
  6. Goldman, Corey, "National General Soars on $4 Billion Allstate Acquisition", The Street, July 8, 2020.
  7. Molina, Brett, "State, Farm, Progressive latest auto insurers to return money to policyholders", USA Today, April 10, 2020.

 

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