Investment Banking Vice President - Insurance

Raymond James names Dan Connolly head of technology & services investment banking. Raymond James has hired Dan Connolly as senior managing director and head of technology & services investment banking, strengthening the firm's senior leadership in the sector. The appointment is part of the firm's ongoing investment in the practice and is intended to expand its advisory capabilities across the technology sector. Connolly brings nearly three decades of investment banking experience, including work advising technology companies and financial sponsors, and will be based in Chicago. Connolly joins Raymond James after 27 years at William Blair, where he held several senior leadership positions, including co-head of global M&A, global head of technology M&A and global head of software investment banking. He was also a co-founding member of William Blair's technology investment banking team. During his career, Connolly has completed more than 300 public and private M&A transactions and financings. Lee Equity-Backed Carisk Partners Acquires FirstCare Onsite FirstCare Onsite is a provider of onsite occupational healthcare services. To read the entire story, you must be logged in. Rexel Acquires Audax-Backed GCG for $1.4B GCG provides specialty wire and cable, connectivity, power and engineered services for critical infrastructure applications. To read the entire story, you must be logged in. Gladstone Investment Backs Detroit Defense's Merger with Athenix Solutions Group Athenix capabilities span systems and software development, intelligence and cyber operations, and special mission and force readiness. To read the entire story, you must be logged in. Liberty Mutual Investments, Thayer Street Back SunHaven Management The collaboration follows LMI and Thayer Street's earlier joint investment in Grove Point Marinas. To read the entire story, you must be logged in.

Viking Therapeutics has priced an upsized $500 million concurrent public offering of common stock and convertible senior notes. The clinical-stage biopharmaceutical company will sell 7,857,143 shares at $35.00 per share and $225 million in 2% convertible senior notes due 2032. The offering size was increased from the previously announced $200 million for each component. The notes carry an initial conversion price of approximately $50.75 per share, representing a 45% premium over the public offering price. Viking estimates net proceeds of approximately $258.2 million from the common stock offering and $218 million from the note offering, after deducting underwriting discounts and expenses. The company intends to use proceeds for continued clinical development of its VK2735 and VK3019 programmes, as well as general research and development purposes. Morgan Stanley, JPMorgan, Jefferies, Leerink Partners, and William Blair are serving as joint book-running managers.

William Blair adds managing director focused on insurance, financial services sectors. Business Wire ATLANTA-(BUSINESS WIRE)- William Blair announced today the expansion of the firm's financial services team with the addition of William Nay as managing director. Based in Atlanta, Nay will support the firm's delivery of comprehensive investment banking services to insurance distribution and other financial services firms. Since 2023, William Blair has completed more than 25 advisory and financing deals in the insurance and financial services sectors, unlocking more than $30 billion in value for clients. "Throughout his career as both an investment banker and corporate M&A strategist, Bill has delivered exceptional results to clients and management teams," said Britt Trukenbrod, managing director and head of Tech Enabled Services investment banking at William Blair. "Bill's deep sector knowledge and relationships with executives, companies, and investors in the insurance sector provide a strong addition to our financial services practice." Nay most recently served as chief acquisition officer (CAO) for Galway Holdings, a leading financial services, insurance distribution, and wealth management platform. In addition, he served as CAO for EPIC Insurance Brokers & Consultants, Galway's retail brokerage subsidiary. Before Galway, Nay spent 16 years as an insurance sector banker with SunTrust Robinson Humphrey (now Truist), where he was responsible for origination and execution of M&A and capital raising transactions across a comprehensive range of companies in the insurance, insurtech, and fintech spaces. He received a Bachelor of Administration in finance from University of Georgia's Terry College of Business. "William Blair's financial services investment banking team leverages deep technical expertise to provide critical capital-raising and strategic advisory solutions to growth-minded companies in the insurance sector and across the global financial services landscape," Nay said. "I'm thrilled to join this group of collaborative bankers to continue building its capabilities, strong relationships, and exceptional client service." Nay continues William Blair investment banking's senior growth in 2026. Michael Allwin joined as head of Biopharma earlier this month and other additions include Robert Engelhardt, Tech Enabled Services director in Frankfurt; Jayant Dey, managing director in the energy sector in New York; Alain Harfouche, managing director focused on chemicals in New York; Matthew Wolfe, who leads the firm's technology Equity Capital Markets coverage; and Rishi Sethi, fintech managing director in London. The firm also acquired Inner Circle Sports, adding Sports, Media, and Entertainment to its sector coverage and more than 15 bankers to its investment banking team. About William Blair Investment Banking William Blair's investment banking group enables corporations, financial sponsors, and owner/entrepreneurs around the world to achieve their growth, liquidity, and financing objectives. Drawing on the collective intellectual capital and deep sector expertise of a global team that reaches over 30 cities on four continents, the investment banking group brings a rigorous and innovative approach to corporate board advisory projects, mergers and acquisitions, and equity and debt financing. From July 2021 through June 2026, the team advised on more than $880 billion in completed transaction volume. About William Blair William Blair is the premier global partnership with expertise in investment banking, investment management, and private wealth management. Liamichigan provide advisory services, strategies, and solutions to meet its clients' evolving needs. As an independent and employee-owned firm, together with its strategic partners, Liamichigan operate in more than 30 offices worldwide.* *Includes strategic alliances with Allier Capital, BDA Partners, and Poalim Equity Ltd.