Focus Investment Banking

SEPTEMBER 19, 2024

This more aggressive monetary policy shift reflects the central bank’s heightened concerns about economic stability and its commitment to stimulating growth. In turn, this typically stimulates investment and spending, helping to buoy economic growth during periods of uncertainty or slower expansion.

Mergers and Acquisitions 52

Mergers and Acquisitions Acquisitions Mergers Debt 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. Let’s dig in.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

PCE

JANUARY 16, 2024

2024 is poised to be another strong year for employee stock ownership plan (ESOP) transactions, with deal volume expected to eclipse 2023’s (reaching toward the highly favorable dynamics of 2021 and 2022), thanks to four key underlying drivers that should push through any economic or political uncertainty: Succession plans for countless businesses (..)

Mergers and Acquisitions 52

Mergers and Acquisitions Valuation Economics M&A 52

Sica Fletcher

APRIL 2, 2024

Insurance M&A Deal Valuation, 2024 Starting out in 2024, EBITDA and revenue multiples are in a good place, experiencing modest YoY growth despite the economic downturn of the last 18 months. We have also linked sources from our third-party research in the section at the bottom of this page.

Insurance 52

Insurance M&A S&P Broker 52

Focus Investment Banking

NOVEMBER 18, 2024

This active M&A market continued for almost three years until mid-to-late 2022 when interest rates increased rapidly, making it much more expensive to buy or build new car wash locations. Understanding those options is where the FOCUS Investment Banking car wash team can help, because we are embedded in this sector alongside you.

Private Equity 52

Private Equity Equities IPO Valuation 52

The Deal

OCTOBER 17, 2023

Direct-to-consumer businesses, darlings of the investor community in 2021, saw their techlike valuations plummet. “As the economic outlook stabilizes and the [Federal Reserve] moderates some of its [rate hikes], that will drive more transaction activity,” she said.

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

Software Equity Group

MARCH 13, 2023

The public markets may have taken a beating, but behind the gloom-and-doom headlines, there was still plenty of good news for private SaaS companies in 2022. Following are some highlights of SaaS M&A deal activity over 2022. Median EV/TTM Revenue Multiple Down from 2021’s high of 7.3x, 2022’s median EV/Revenue multiple of 5.6x

M&A 52

M&A Private Equity Equities S&P 52

Sica Fletcher

JUNE 20, 2024

Conversely, when interest rates are high, valuations are supposed to decrease because buyers will try to make up what they are losing to interest. This not only increases the revenue flow for the brokerage but also illustrates the industry’s resiliency against the economic turbulence that took place over the same period of time.

M&A 52

M&A Insurance Valuation Equities 52

Sica Fletcher

MARCH 8, 2024

Starting in H2 2022, the insurance M&A market has seen a notably difficult 18-month period, afflicted with high interest rates, lowered deal volumes, and lowered valuations. If they do, then we can expect to see valuations and, by extent, EBITDA multiples for insurance agencies rise.

Insurance 52

Insurance M&A S&P Valuation 52

Intrepid Banker Insights

OCTOBER 17, 2022

Intrepid Investment Bankers A Rollercoaster Ride for Software Markets It has been a disconcerting journey through the first three quarters of 2022. 2022 has seen rising inflation and interest rates, twin global disruptions in Ukraine (invasion) and China (shutdowns), and an overall economic slowdown.

Valuation 52

Valuation M&A Capital Middle Market 52

Software Equity Group

JUNE 18, 2024

This figure remains well above the pre-COVID 2022 levels, which marked a separate peak in deal volume. This brief downturn was largely attributed to temporary economic disruptions. Economic Forecasts and Future Projections Looking ahead, several factors indicate a promising landscape for SaaS M&A activity.

Business 52

Business M&A Profitability Investors 52

Solganick & Co.

JULY 6, 2023

AI’s potential economic impact is immense, with an estimated $15 trillion expected to be added to the global economy by 2030, surpassing the combined output of China and India. This underscores the importance of strategic AI implementations in harnessing its transformative power for economic growth and gaining a competitive advantage.

M&A 52

M&A Investment Funds Capital 52

The Deal

DECEMBER 5, 2023

billion, both in 2022. “These businesses, regardless of economic cycle, are able to deliver meaningful return on investments to the end user,” Osman said. Mubadala co-invested with Vista Equity Partners LLC in the $8.4 billion buyout of tax compliance software maker Avalara Inc. and the $2.3 billion in 2021.

Corporation 52

Corporation Investment Equities Funds 52

Software Equity Group

FEBRUARY 5, 2024

SaaS Company X: Bridge Analysis Example Let’s say Company X ended 2022 with 100 customers worth $1,000,000 in ARR. We can also see that the customers Company X lost were smaller than the average customer size of $10,000 in 2022. This would be the starting customer count and ARR for 2023.

M&A 52

M&A Valuation IT Utilities 52

Growth Business

JULY 19, 2023

By Kirstie McDermott on Growth Business - Your gateway to entrepreneurial success The last decade of UK tech has been “unprecedented”, according to Tech Nation report, saying “the positive economic impact created by founders has been almost unimaginable”.

Engineering 73

Engineering Architecture Business Collaboration 73

Software Equity Group

NOVEMBER 13, 2023

Our 2023 State of SaaS M&A: Buyers’ Perspectives Report unveils the evolving priorities of top software-focused private equity investors and strategic buyers amidst economic uncertainty. In 2022, investors and buyers were keenly focused on gross revenue retention (GRR) and gross profit margin (GPM) as top metrics to target.

Profitability 52

Profitability Private Equity Investors M&A 52

FineMark

JANUARY 17, 2024

Eventually, the Consumer Price Index retracted, dropping from its peak of 9% in summer 2022 to its current rate of about 3%. Contributing to that growth were two significant happenings: America helped rebuild Europe and Japan, triggering economic benefits for our nation, and the largest generation in U.S. history was born.

S&P 52

S&P Equities Valuation Investment 52

Software Equity Group

JANUARY 22, 2024

Between January 2000 and December 2022, the cost of hospital services rose 227%, faster than any other spending category. In 2022 and 2023, a time when M&A transactions in many industries declined due to economic conditions, healthcare M&A deals increased considerably. Simply put, U.S. Costs are out of control: the U.S.

Healthcare 52

Healthcare M&A Valuation Medical 52

Software Equity Group

JANUARY 22, 2024

Between January 2000 and December 2022, the cost of hospital services rose 227%, faster than any other spending category. In 2022 and 2023, a time when M&A transactions in many industries declined due to economic conditions, healthcare M&A deals increased considerably. Simply put, U.S. Costs are out of control: the U.S.

Healthcare 52

Healthcare M&A Valuation Medical 52

Wall Street Mojo

JANUARY 18, 2024

The bonds mature on 31st Dec 2022. Unlock the art of financial modeling and valuation with a comprehensive course covering McDonald’s forecast methodologies, advanced valuation techniques, and financial statements. payable semi-annually maturing after 5 years with a principal face value of $1000 on 1st January 2018.

Financial Modeling 52

Financial Modeling Financial Models Financial Institution Debt 52

Sica Fletcher

MAY 29, 2024

2) our team noted unexpected increases in the valuation multiples offered for insurance agencies, as depicted below. Despite years of evidence suggesting that M&A activity decreases in times of economic uncertainty, it appears that the market has evolved to meet the needs of the times.

M&A 52

M&A Insurance Equities S&P 52

Software Equity Group

AUGUST 13, 2024

In 2022, the higher-ed tech market was estimated to be about $36.2 The sector is deeply intertwined with broader economic trends, from the ebbs and flows of economic growth to the intricacies of government budget allocations. billion and is projected to grow to $42.7 billion by 2030.

Education 52

Education M&A Private Equity Funds 52

Sica Fletcher

JULY 11, 2024

On the other hand, deal volume has seen small dips and valleys since the start of the economic downturn in H2 2022, as depicted in the graph below: Insurance M&A Deal Volume, 2020-2023 This indicates that buyers in 2024 are happy to pay more than before for insurance brokerages (and buy at a loss, in some cases).

M&A 52

M&A Insurance Debt Equities 52

Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] because SPAC sponsor shares are forfeited and not entitled to receive any distributions upon liquidation).

M&A 52

M&A Capital Market Stock Mergers and Acquisitions 52

Cleary M&A and Corporate Governance Watch

MAY 10, 2023

The case arose out of a 2022 stock-for-stock transaction in which the Company acquired a portfolio company of Apollo Global Management, Inc. 7] On June 9, 2022, the Company’s stockholders voted overwhelmingly in favor of the stock issuance. 2022-0624-MTZ (Del. 4] Edgecast’s parent company, College Parent, L.P. May 1, 2023). [3]

Mergers and Acquisitions 52

Mergers and Acquisitions Stock IT Acquisitions 52

Wall Street Mojo

FEBRUARY 9, 2024

Such firms enjoy high growth rates and play a vital economic role. Since the company is new, it is less in valuation, but Ryan is adamant about offering better products and services. In 2022, the company generated an annual revenue of $9 million. With such financial reports, Ryan’s company falls in the LMM segment.

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

Growth Business

MARCH 1, 2024

Capital is available, valuations have started to normalise and the debt markets are still supportive – albeit with greater scrutiny and higher costs. The data below from Statista shows the volume of UK private equity deals between 2017 and 2022. Those discussions were about social impact, strategy, the marketplace and the team.

Private Equity 59

Private Equity Equities Investment Business 59

Growth Business

NOVEMBER 23, 2023

Despite investment in the first half of 2023 dropping to £4.6bn from 2022’s £10.8bn as a result of rising interest rates, high inflation, a decrease in valuations and geopolitical tensions globally, UK fintechs are still attracting more VC investment than all other EMEA fintechs combined, with a significant percentage coming from US investors.

Investment 95

Investment Funds Capital Investors 95

Cooley M&A

JULY 28, 2022

In compensation for running the business between the locked-box date and the date of closing for the economic benefit of the buyer, the seller may sometimes seek an upward adjustment to the consideration for this “value accrual.”

M&A 59

M&A Accountant Debt Business 59

FineMark

APRIL 13, 2023

Interestingly, throughout 2021 and 2022, there were no U.S. As we wrote in our Q4 2022 newsletter, we believe that the Fed will stop raising rates during the second quarter of 2023. If you missed our previous coverage, you can read our Q4 2022 newsletter here: [link].) Its economic effect will also be deflationary.

Bank 52

Bank Banking Investment Economics 52

The TRADE

APRIL 30, 2024

By mandating banks to hold more capital in reserve, Basel III’s goal is to improve the stability and solvency of financial institutions, alongside reducing the possibility of bank failures during periods of economic turmoil. The regulation also led to changes in risk management practices and valuation methodologies for financial institutions.

Financial Institution 68

Financial Institution Financial Market Risk Management Bank 68

Cooley M&A

JANUARY 20, 2022

While 2020’s M&A landscape was characterized by whiplash volatility from choppy deal activity in the first half of the year to a surge in volume in the second half, that momentum accelerated in 2021, with no signs of slowing down heading into 2022. on transactions dominating the life sciences landscape into 2022. [4].

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

FineMark

JULY 13, 2023

This came to pass in June as the Fed paused its rate-hiking cadence, which began in March 2022. Given the economic data, the Fed also had a more hawkish rate-tightening outlook than expected. In large measure, the hawkish tone of the Fed is driven by moral suasion and, to a lesser degree, recent economic data.

S&P 52

S&P Bank Banking Investment 52

How2Exit

MAY 27, 2024

rn rn rn Article: rn Thriving in the E-Commerce M&A Space: Strategies for Buyers and Sellers rn Navigating the intricate world of buying and selling businesses requires a nuanced understanding of market trends, valuation practices, and strategic negotiation. Great investment." No one wants to buy that."

Business 130

Business Mergers and Acquisitions Valuation M&A 130

FineMark

OCTOBER 17, 2023

The elevated inflationary period experienced in 2022, combined with challenging demographics faced by our nation, have contributed to this uptick. We believe many of these counter balances are nearing an end, and the economic impacts of the Fed’s policy, which are always felt on a lagged basis, will begin to manifest on Main Street soon.

S&P 52

S&P Investment Portfolio Corporation 52

Software Equity Group

MARCH 7, 2024

“Under her leadership, Bravo has introduced the industry’s first AI predictive pricing tool for secondhand retailers, enabling accurate and optimized pricing for merchandise, including future valuation of inventory. Air Force, while garnering significant commercial customer traction since raising its Series A round in 2022.”

Collaboration 52

Collaboration Management IT Business 52