Cooley M&A

JANUARY 20, 2022

Despite everyone’s efforts in 2021, including the rollout of vaccines and varying rounds of lockdowns and work-from-home mandates, a true “return to normal” for M&A dealmakers was foiled anew by COVID-19 and its variants. trillion during 2021 – an increase of 71% compared to 2020 – and accounted for 20% of the $5.9 trillion(!)

M&A 40

M&A Insurance Mergers and Acquisitions IPO 40

Peak Frameworks

MAY 22, 2023

The accounting equation is a fundamental concept in finance that every private equity professional, investment banker, and corporate , finance expert should be familiar with. If you're interested in recruiting for private equity and mastering concepts like the accounting equation, you should check out our Private Equity Course.

Accountant 52

Accountant Equities Debt Private Equity 52

TKO Miller

OCTOBER 3, 2023

TKO Miller Debt Capital Market Analysis Leverage multiples have pulled back significantly in M&A transactions from their 2021 peaks due to a tightening of the lending environment, Sr. in 2021 to 3.5x Debt / EBITDA, decreased from 4.0x in Q2 of 2023 (as shown in the below graph).

Debt Capital Markets 81

Debt Capital Markets Debt Capital Market Capital 81

Sica Fletcher

OCTOBER 29, 2024

For a more thorough breakdown of RIA valuations, see our “How to Value an RIA.” Valuation: Your M&A advisor or a third-party agency reviews the provided documentation to determine the overall value of the business. Valuation is typically not something that sellers do themselves. Multiple of What?

Valuation 52

Valuation M&A Business Negotiation 52

Software Equity Group

MARCH 13, 2023

After the unprecedented market highs of 2020 into 2021, it’s natural for founders in this environment to wonder if they’ve missed the boat. While some public strategics backed off, they were more than made up for by private equity companies with plenty of dry powder and a healthy competitive environment. in 2021 to 40.5%

M&A 52

M&A Private Equity Equities S&P 52

Solganick & Co.

MARCH 11, 2022

Following a record-setting 2021 for lower middle market software M&A, the Software Top 50 highlights the most active software-focused dealmakers on the Axial platform. “Public market software company valuations have been battered starting in November of 2021. Software deals increased a healthy 26% in 2021.

M&A 52

M&A Middle Market Valuation Private Equity 52

Sica Fletcher

JUNE 20, 2024

The History of Private Equity in Insurance One of the primary forces differentiating the insurance M&A market in 2024 from those of decades past is the presence and dominance of private equity (PE) firms in the buyer space. The table of contents below offers quick links for readers seeking specific information in later sections.

M&A 52

M&A Insurance Valuation Equities 52

The Harvard Law School Forum

SEPTEMBER 22, 2022

As predicted in our previous M&A report, 2022 has not lived up to the runaway performance of 2021. Either way, buyers dependent on acquisition financing will need to adjust for this accordingly—potentially, by using their cache of dry powder to write larger equity checks. This post is based on their White & Case memorandum.

M&A 96

M&A Finance Finance Capital 96

TechCrunch: M&A

JULY 27, 2023

Uplift had raised nearly $700 million in equity and debt, securing $123 million at a reported $195 million valuation in its Series C round alone. ” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate.

Finance 207

Finance Finance IPO Debt 207

The Deal

DECEMBER 5, 2023

Mubadala co-invested with Vista Equity Partners LLC in the $8.4 billion in 2021. Other parts of Mubadala will pick up smaller equity checks. billion buyout of tax compliance software maker Avalara Inc. and the $2.3 billion purchase of sales platform Salesloft Inc. billion, both in 2022.

Corporation 52

Corporation Investment Equities Funds 52

InvestmentBank.com

MAY 26, 2021

As the world headed into the uncharted territory of a worldwide pandemic, investors in both debt and equity markets reacted to shifts and changing conditions in several interesting ways, and the lessons they learned and the actions they take this year will set the stage for everyone’s access to capital in the years to come.

Capital Raising 52

Capital Raising Capital Debt Private Equity 52

Trout CPA: M&A

JANUARY 7, 2022

Michael Wolfe, CPA/ABV, CVA, Valuation Services Partner at Trout CPA Pandemic Impact on M&A We can now appreciate the normalcy that existed at the end of 2019. There was plenty of M&A activity, lots of “dry powder” with private equity firms, low interest rates, and a great time to sell or buy a business.

M&A 40

M&A Private Equity Valuation Business 40

The Deal

OCTOBER 17, 2023

Direct-to-consumer businesses, darlings of the investor community in 2021, saw their techlike valuations plummet. Inflation, supply chain disruptions and the rising cost of debt stopped consumer companies in their tracks last year.

M&A 64

M&A IPO Retail Medical 64

TKO Miller

MAY 11, 2023

Packaging Trends Q1 M&A Update Valuations continue to remain strong across the packaging industry, despite economic uncertainty, looming economic questions, and evidence of a slight slow down in dealmaking; as a result, companies with solid fundamentals can attract premium valuations Private equity was responsible for much of the transaction volume (..)

Middle Market 71

Middle Market Valuation M&A Economics 71

PCO M&A Specialists

DECEMBER 15, 2021

As I write this article, I’m watching shares of Terminix in real time at $43.86, significantly below the $55 valuation but up $6.44 times its 2021 estimated EBITDA. While I believe Rentokil will still be in the game, I think they will be much more selective in the companies they buy and probably not push valuations any higher.

Valuation 52

Valuation M&A Private Equity Stock 52

Growth Business

JULY 19, 2023

At the end of 2021 we were celebrating a golden age of VC funding with $621bn pouring into start-ups around the world over the course of the year. Alongside raise amount and dilution is the all-important valuation. On valuation, there’s one golden piece of advice: never suggest one to a VC. At best, you’ll get what you want.

Capital 78

Capital Valuation Funds Business 78

TM Capital

NOVEMBER 29, 2022

By Nikitha Sattiraju, 14 November 2022 Asphalt paving and maintenance is fast becoming a service of choice for private equity investors. ” Recurring revenue, diversified customer base, recession resistance and high Ebitda margins of 15% to 25% have private equity knocking on the door of asphalt pavers. Sunrise, Fla.-based

Capital 52

Capital Middle Market Business Private Equity 52

FineMark

JANUARY 17, 2024

This strong push in November and December ended the long stretch of losses that fixed-income investors have endured since 2021. The equity market also noted the Fed’s comments as investors piled back into equities and the S&P 500 finished the year up more than 26%. in the rising rate period and 11.8%

S&P 52

S&P Equities Valuation Investment 52

The Deal

JUNE 22, 2023

That valuation is not far off, though might be viewed as slightly high depending on the metrics used, one of sources familiar with the matter told The Deal. Summer Street announced the formation of a continuation fund, with equity kicked in by PA Capital LLC, Glouston Capital Partners and Unigestion SA, in 2021 to further grow the business.

Asset Management 52

Asset Management Capital Equities Management 52

Sica Fletcher

MAY 29, 2024

2) our team noted unexpected increases in the valuation multiples offered for insurance agencies, as depicted below. Both are already rising as of Q2 2024 , with annual numbers expected to exceed those of last year, despite falling short of the highs of 2021. When we remove this element, deal volume actually held steady.

M&A 52

M&A Insurance Equities S&P 52

Intrepid Banker Insights

OCTOBER 17, 2022

We ended 2021 having survived another year of the pandemic, with equity markets at or near all-time highs, interest rates near historic lows, and technology M&A activity at record levels. As public market valuations fell, SPACs evaporated and other buyers began to reevaluate the need to pay nose-bleed multiples.

Valuation 52

Valuation M&A Capital Middle Market 52

Sica Fletcher

JULY 23, 2024

Possible Changes in Tax Law May Drive Transactions H2 2021 specifically saw a small surge in deal volume because of expected increases to the laws surrounding capital gains taxes. On average, modern deal structures typically consist of about 75% equity, with only 25% in actual cash. Still Uncertain?

Insurance 52

Insurance M&A S&P Valuation 52

Focus Investment Banking

JANUARY 18, 2024

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. And, at least in recent years, there has been enough capital at private equity firms to handle any liquidity needs. As 2024 starts, the U.S. stock markets are at or near their all-time highs. It seems that the trend is to stay private.

IPO 52

IPO Consulting Corporate Finance Professional Services 52

Sun Acquisitions

FEBRUARY 10, 2023

more than in 2021. Forecasts are predicting that in 2023 there will be nearly 2,934 hotel openings across the globe, up from 2,246 opened in 2021. Step #2 Have a Business Valuation Done Determining the value of your hotel is best left to a business valuation expert.

Business 52

Business Broker Valuation Sale 52

Chesapeake Corporate Advisors

JANUARY 13, 2023

2022 was a strong year for CCA, following a record-breaking 2021. We successfully advised five clients on liquidity events last year, and despite headwinds and whispers of recession, look forward to an equally successful year in 2023.

Investment Banking 52

Investment Banking M&A Government Middle Market 52

Mergers and Inquisitions

MAY 17, 2023

Ever since the 2008 financial crisis, there has been massive hype about both private equity and technology. Over the past few decades, technology private equity has gone from “barely existing” to representing the largest single sector in PE by both deal value and deal count. Why Did PE Firms Start Buying Tech Companies?

Private Equity 64

Private Equity Equities Recruitment Funds 64

Cooley M&A

JANUARY 20, 2022

Although the COVID-19 pandemic that defined 2020 continued to shape much of the life sciences industry in 2021, the way that it did was markedly different. 2] Examples of this strategy coming to bear in 2021 included Thermo Fisher Scientific’s acquisition of PPD for $17.4 driven assets. term average of approximately 35%.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

TechCrunch: M&A

JULY 28, 2023

AngelList , an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space. As they mature, the scope of capital providers they can tap into expands into private equity and of course, even the public markets,” he said. “So,

Private Equity 163

Private Equity Equities Acquisitions Funds 163

Solganick & Co.

APRIL 24, 2024

Here are the highlights of the report: Transaction volume and valuation multiples for technology services companies has remained solid during the first quarter of 2024, continuing to exceed pre-pandemic levels in aggregate. of all transactions through YTD.

Mergers 52

Mergers Mergers and Acquisitions M&A Consulting 52

Growth Business

AUGUST 22, 2023

This valuation is either achieved through an equity financing round or via financial performance indicators. There were a record-breaking 85 new tech unicorns created in Europe in 2021, and the UK is at the epicentre with 44. In August 2021, ZEPZ raised $292m in a funding round which saw its valuation increase to $5bn. #7

Insurance 52

Insurance Bank Banking Funds 52

Cooley M&A

JANUARY 25, 2023

Although 2022 saw a general decline in M&A activity in the life sciences industry compared to 2021’s frenetic pace (when deal volume was up 52% from 2020 ), life sciences deal flow in 2022 on balance remained strong despite the headwinds. Let’s dig in.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

Tyton Partners

MAY 4, 2023

Deal-makers are eager to get back to deal-making The relative calm and quiet of 2022 (after a torrid deal-making pace during the latter half of 2020 and 2021) is giving way to an increasing sense of urgency. Those with existing platform assets are understandably more focused on TAM expansion, international, and tuck-in capability deals (e.g.,

Education 52

Education Capital Raising Investment Investors 52

Growth Business

JULY 13, 2023

Because if you turning to investors you have to offer something-for-something, entrepreneurs will give away between 10-20 per cent of equity. This means you will have to work out a “pre-money valuation” so you can calculate how much your equity is worth. The median round size for crowdfunding deals in 2021 was £487,000.

Funds 52

Funds Investors Business Capital 52

Software Equity Group

NOVEMBER 27, 2023

Over 75% of private equity investors and strategic buyers we surveyed placed revenue growth among the top three most crucial factors when looking at targets. These were the only two product categories to improve valuations over that time, primarily due to their mission-critical nature and crucial customer reliance on the product offerings. #3.

Business 52

Business Investors M&A Profitability 52

Chesapeake Corporate Advisors

APRIL 8, 2024

The Bad News Is Not So Bad Rising interest rates and economic uncertainty have tamped down the M&A frenzy that peaked in 2021. Among 420 private equity firms, the number of closed deals dropped from a high of 193 in Q4 of 2021 to a low of 57 in Q2 of this year, per a GF Data mid-year report.

M&A 52

M&A Investment Banking Negotiation Investment 52

Focus Investment Banking

APRIL 14, 2024

From 2018 to 2021, the total number of bakery workers declined nearly 12%, leaving operators struggling to replace highly experienced talent. General Mills acquired private equity-backed TNT Crust, a frozen pizza supplier, for $253 million. Bakery industry challenges remain, and the market is increasingly competitive.

M&A 52

M&A Food Private Equity Manufacturing 52

Software Equity Group

OCTOBER 29, 2024

ServiceTitan’s Acquisition of Aspire Software for $1 billion (2021): With a focus on landscaping services and route optimization through GIS, this deal illustrates how vertical specialization can drive strategic acquisitions. Consider these notable examples: Salesforce’s Acquisition of ClickSoftware for $1.35

M&A 52

M&A Management Manufacturing Acquisitions 52