Calvin Trice

Jan 15, 2025 | ionanalytics.com | Calvin Trice |Manu Rajput |Carlos Martinez

Data Insight News (Intelligence) Wealth management, private credit attractive segmentsOverseas life insurers seeking US targetsFinancial services deal volume surged 48% in 2024 driven by elevated sponsor activity and the five largest individual transaction values announced since 2022, according to Mergermarket data.

Apr 25, 2024 | ionanalytics.com | Calvin Trice |Carlos Martinez

Accuserve, a Flexpoint Ford-owned managed repair services platform for property and casualty insurance, expects to buy as many as 10 companies in the next five years, said CEO Hunter Powell. The Denver-headquartered company is looking to acquire additional managed repair providers and third-party administrator capabilities that expand its network and its trade expertise in categories like flooring, HVAC and other relevant trades, Powell said.

Feb 6, 2024 | ionanalytics.com | Calvin Trice |Carlos Martinez

Kin Insurance, an online homeowners insurance company, is talking to advisors for its second attempt at a public listing, according to CEO Sean Harper. The Chicago-based firm would like to file an S-1 in mid-2025 and launch an initial public offering in 2026, he said. It is aiming for a valuation of at least USD 2bn, Harper said. Kin doesn’t have a preference between the NYSE or Nasdaq, but the firm will not seek a public listing through a merger with a special purpose acquisition company, he said.

Feb 1, 2024 | ionanalytics.com | Calvin Trice |Carlos Martinez

Vervent, a Stone Point Capital-owned credit card and loan servicing fintech, is in talks with potential acquisition targets and expects to complete at least one deal in 2024, said COO and CFO Dhruv Vakharia. The San Diego-based company is looking for capabilities that could enhance any of its three verticals of credit cards, loan servicing or capital markets support for servicers needing a contracted backup servicer, Vakharia said. It has not signed any letters of intent, he added.

Aug 16, 2023 | community.ionanalytics.com | Calvin Trice

Nasdaq’s [NASDAQ:NDAQ] USD 10.7bn deal to buy Adenza, announced in June, continued a trend of big-ticket M&A transactions by the largest equities exchanges in the US. It is Nasdaq’s largest ever buy and the fourth largest among the domestic exchanges, according to Dealogic data. The tech-focused exchange joins Intercontinental Exchange [NYSE:ICE], owner of the NYSE, and global derivatives trading platform CME Group [NASDAQ:CME] as the biggest acquirors among North America’s exchanges.