Banking, Finance & Insurance Q4 2019

Banking, Finance & Insurance Q4 2019

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • SunTrust Banks, Inc.
  • Truist Financial Corporation
  • $28,292
  • LegacyTexas Financial Group, Inc.
  • Prosperity Bancshares, Inc.
  • $2,029
  • IDS Property Casualty Insurance Company
  • Amfam, Inc.
  • $1,135
  • Applied Underwriters, Inc.
  • Quadrant Management, Inc.
  • $920
  • Scotiabank de Puerto Rice, Inc.
  • Oriental Bank
  • $550
  • The Landrum Company, Inc.
  • Simmons First National Corporation
  • $448
  • DNB Financial Corporation, Inc.
  • S&T Bancorp, Inc.
  • $206
  • Presidio Bank
  • Heritage Bank of Commerce
  • $189
  • Stewardship Financial Corporation
  • Columbia Financial, Inc.
  • $137

 

Source S&P Capital IQ as of 1/10/2020 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. Srinivas, Val, et al. “2020 Banking and Capital Markets Outlook.” Deloitte Insights, 3 Dec. 2019.
  2. Cumming, Chris. “Tougher Valuation Standards Raise the Bar for Managers and Investors.” The Wall Street Journal, Dow Jones & Company, 23 Dec. 2019.
  3. Bert, Arthur, et al. “M&A Analytics Breakthrough Insights, Better Deals .” Accenture, Accenture Strategy, 29 Oct. 2019; Marr, Bernard. “The 7 Biggest Technology Trends To Disrupt Banking & Financial Services In 2020.” Forbes, Forbes Magazine, 8 Nov. 2019.
  4. McGahan, Gregory, and Greg Peterson. “US Asset and Wealth Management Deals Insights: Q3 2019.” PwC, 2019; Pensions & Investments. “OCIO Graduates from Education Phase.” Pensions & Investments, 9 Dec. 2019.
  5. Friedman, Sam, et al. “2020 Insurance Outlook.” Deloitte Insights, 3 Dec. 2019.
  6. Ibid.
  7. Scism, Leslie. “New York Life to Pay $6.3 Billion for Cigna's Life and Disability Insurance Business.” The Wall Street Journal, Dow Jones & Company, 18 Dec. 2019.

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