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Anika Goodfellow

Anika Goodfellow

Anika Goodfellow is an Associate in the Financial Institutions group at Skadden, Arps, Slate, Meagher & Flom LLP in London, specializing in insurance, reinsurance and brokerage M&A.

Aug 27, 2026

11:20
Anneke.
11:22
We're now also seeing that the obligations for sellers to reinvest in the go-forward business is becoming more and more central.
11:29
This is often picked up in the equity work stream of transactions as opposed to the acquisition items that George and Usman just touched on.
11:37
The reasoning for this reinvestment obligation is pretty simple.
11:41
Brokerages are at their core a people business, and the employees and management are central to the ongoing profitability of the, of these businesses, meaning you want them to stay put.
11:51
The reinvestment obligation is the structural mechanism that ensures sellers' interests remain aligned with the interests of the buyers on a go-forward basis.
11:59
It means the people most important to this business and its revenue generation are invested, sitting alongside the buyer and sharing the same upsid- side and also the same downside.

13 MINS LATER

25:06
Anneke.

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