| | | | Deal Overview | | Buyer: First Financial Holdings, Inc. | | Actual Acquirer: First Southeast Insurance Services, Inc. | | Target: Somers-Pardue Agency Inc. | | Deal Type: Insurance Broker Company | | Announcement Date | 4/10/2008 | | Announced Deal Value ($M) | 26.1
 | | Status | Completed | | Completion Date | 4/10/2008 |
|
| | | Consideration Breakout | | Unclassified ($M) | 18.8 | | Contingent Payments ($M) | 7.3 |
| | | Deal Pricing Ratios | | | Announcement | Completion | | Price / Revenue (x) | NA | NA | | Price / Earnings (x) | NA | NA | | Price / Assets (%) | NA | NA | | Price / Book (%) | NA | NA |
| | | Deal Terms | | Description of Consideration | | First Financial Holdings Inc. paid an initial purchase price of $18.8 million, with additional contingent earn-out payments of $7.3 million based over the next three years, to acquire the operations Somers-Pardue Agency Inc. | | Percent Acquired (%) | NA | | Accounting Method | Purchase | | Merger of Equals? | No | | Geographic Expansion? | NA | | Estimated Cost Savings (%) | NA | | Est. Restructuring Charges ($000) | NA |
| | | Deal Advisers - Financial Advisers | | Party Advised | Adviser Hired? | Firm Name | | Buyer | NA | NA | | Seller | Yes | Marsh Berry & Co. |
| Deal Advisers - Legal Counsel | | Party Advised | Adviser Hired? | Firm Name | | Buyer | NA | NA | | Seller | NA | NA |
|
|
|
|
|
|
|
|
|
