Femi Ogunjumo

FEMI A. OGUNJUMO 5 Rippling Brook Drive, Short Hills, NJ 07078 | Mobile:- | E-mail:- EXPERIENCE JOTUNRO PARTNERS Short Hills, NJ Managing Partner | Investment Banking and Consulting | Focus: Insurance Technology (“InsurTech”) Aug 2019 – Present • Capital raising and M&A focused exclusively on the corporate finance and strategic growth needs of InsurTech companies LOCKTON CAPITAL MARKETS New York, NY Vice President | Investment Banking | Focus: P&C Insurance & InsurTech Sep 2018 – May 2019 • Led effort to (1) grow P&C insurance relationships for delivery of the firm’s core capabilities and (2) build an InsurTech practice focused on providing access to growth capital and sell-side M&A advisory services to growing and mature InsurTech companies SHERMAN & COMPANY New York, NY Senior Associate (acting as VP) | Investment Banking | Focus: Insurance & InsurTech Jul 2017 – Jun 2018 • Responsible for originating and executing sell-side insurance and InsurTech M&A transactions as well as supporting the firm's coverage and advisory efforts with select P&C and Life insurance clients Selected Transactions • Led execution for sale of a SaaS technology company focused on P&C insurance claims and underwriting; transaction valued at ~3.4x revenue, ~12.3x EBITDA; role included initial due diligence, financial analysis and creation of buyer list, timeline, teaser and CIM • Led execution for sale of an end-to-end claims, RMIS, and analytics SaaS technology platform for the Alternative Risk Market DEUTSCHE BANK New York, NY Associate | Investment Banking | Focus: FIG (Insurance for last 18 months) Jun 2012 – Aug 2012; Jul 2013 – Mar 2017 • Prepared financial and valuation analyses for insurance companies, specialty finance companies, asset managers and banks: including DCF, DDM, trading comparables, precedent transactions, sum-of-the-parts, public markets regression (P/BV vs. ROAE), LBO and IRR analyses • Developed pitch books, management roadshow presentations, information and offering memos, internal transaction memos, indicative term sheets and financing considerations, company profiles, industry update and overview reports, transaction case studies • M&A analysis and execution: accretion/dilution, contribution, pro forma business mix, synergies, financing and comprehensive valuation analyses; development of strategic rationale; data room management; evaluation of bids and preparation of due diligence agendas Selected Transactions • $1.8 billion acquisition of a European insurer’s U.S. life operations by financial sponsor - Buy-side advisor; represented transformational acquisition for client; developed and presented strategic rationale; valued the target using actuarial appraisal analysis, IRR, trading and transaction comparables, and regression analysis (P/BV ex-AOCI vs. ROAE); performed M&A transaction and contribution analyses to illustrate impact to solvency, leverage and coverage ratios; conducted extensive due diligence on target’s IMOs and other potential strategic and sponsor acquirers • $350 million 60-year and $450 million 50-year surplus notes transactions for $7 billion life insurance company - Active bookrunner (144A/Reg S format); achieved yield and tenure at historically favorable terms; order books 3x+ oversubscribed; collaborated extensively with management team to create investor presentations (for non-deal roadshows) and board presentations; coordinated auditor, business and bring-down diligence calls; prepared internal sales force memos • €750 million 10-year senior unsecured notes inaugural Eurobond transaction for $19 billion U.S. P&C insurance company - Active bookrunner (144A/Reg S format); transaction expanded Company’s investor footprint and provided better euro exposure match to its sizeable European operations; order book more than 3x oversubscribed; prepared non-deal roadshow and script; constructed due diligence agenda; completed internal memo for Due Diligence Risk Committee CITIGROUP Jacksonville, FL Regional Sales Manager Jul 2006 – Aug 2010 • Led a high-performance financial products sales team; generated net sales volume that ranked in top 5% of peer group INTERLINE BRANDS Jacksonville, FL Corporate Account Manager Apr 2005 – Jul 2006 • Executed turn-around of underperforming territory (increased y-o-y sales by 25%); evaluated capital projects for corporate customers EDUCATION THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS Chicago, IL Master of Business Administration: Concentrations in Accounting, Finance, Strategic Management, and Entrepreneurship • Recipient of Dean’s Honor List recognition and Merit Scholarship for outstanding leadership and academic achievements BOSTON COLLEGE CARROLL SCHOOL OF MANAGEMENT Chestnut Hill, MA Master of Science in Finance: Corporate Finance Track • Awarded Dean’s scholarship (3.9 / 4.0 GPA); only member of Class of 2011 to receive Dean’s letter of commendation EDWARD WATERS COLLEGE Jun 2011 Jacksonville, FL Bachelor of Business Administration in Organizational Management • Graduated Summa Cum Laude (4.0 / 4.0 GPA); inducted to Alpha Chi National College Honor Scholarship Society ADDITIONAL • Jun 2013 Father of two amazing kids; avid sports fan; enjoy reading, chess, tennis, physical exercise, and an occasional game of basketball Dec 2004