Mergers and Acquisitions / Private Equity

Understandably, most merger and acquisition or private equity negotiations revolve around top-line questions of structure, strategic fit, markets, corporate synergy, economies of scale and so forth.

It's an exhausting process. But sometimes not exhaustive enough.

Studies persistently show that many M & A transactions – analysts put the numbers as high as 60% – fail to deliver expected financial gains. But this is seldom due to a lack of "vision" or strategic flaw. The reasons often include unforeseen liabilities, inadequate safety and loss control – or even unanticipated employee benefit costs which can stymie revenue momentum and slowly undermine shareholder value.

Inefficiencies and outright inaccuracies in incumbent programs can carry over and compound for years, and thus lie buried in documentation. Subtly inconsistent policies or procedures that have evolved across multiple sites also can leave an acquiring firm vulnerable.

Yet rigorous analysis in these areas also represents your best opportunity for substantial cost-reductions – not only at the time of the deal but going forward. Firms too often overlook cost-savings that surface only from a skillful review and re-marketing of incumbent benefit plans and provider networks before the deal is done.

Over the years, our experience in M & A or private equity transactions has proven that - more often than not - a TF due diligence review or even a replacement of existing programs produces positive, deal-altering results for the acquiring firm.

Often this means substantial cost-savings. But occasionally it means saving a client from the deal itself.

Sales and Buyouts / Acquisitions / Mergers / Divestitures / Joint Ventures

Property/casualty and employee health benefits due diligence can represent your best opportunity for substantial cost-reductions - not only at the time of the deal but going forward. Our experienced team will show you how. Particularly in the area of sales and buyouts, we work with the nation's leading private equity firms and investment bankers.

Thilman Filippini's seasoned M & A team has managed scores of transactions for firms of all description and size in a range of sectors. Rigorous in methodology and intensively client-focused, TF Managed Risk™ adds tangible value at the initial transaction and for years to come.

• Diversely-skilled, experienced and dedicated M & A team.
• TF Managed Risk™ helps to identify current and potential liabilities within existing and previous property/casualty plans, as well as employee benefits programs.
• TF Managed Risk™ strategies to mitigate, fund or transfer potential acquired risk.
• Deep analysis of incumbent programs to identify cost-reduction opportunities.
• Review and remarketing of existing programs and plans; review or financial status of present and previous carriers.
• Exhaustive audit of current costs vs. pro-forma estimated costs.
• Detailed projection of self-funded costs and cash flow implications.
• Identification of transaction expenses collateral requirements.
• TF Managed Risk™ closing plan and integration strategy.
• Strictest confidentiality.

TF can advise you on interim strategies and longer-term options.