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Regarding mergers and acquisitions (M&A), privateequity continues to show robust interest in acquiring lower middlemarket (LMM) companies. While large M&A transaction volume fell in the first half of 2024, the allure of LMM acquisitions remains high.
Last week, I blogged about how PE sponsors have been accumulating quite a bit of dry powder since the beginning of 2024, but that it’s been the big players that have reaped the largest windfall. Now, it looks like these large sponsors are turning to the middlemarket, which has long been the domain of […]
On May 7, 2024, Morrison Foerster’s New York City office co-hosted a PrivateMarkets Pop-Up with Kayo Conference Series, an event that brought together professional women across the private credit and privateequitymarkets for curated networking, educational content, and a supportive community atmosphere.
The M&A lawyers at Morrison & Foerster recently gazed into their crystal ball and came up with their annual memo laying out their predictions for what 2024 may have in store for dealmakers.
. (“Solganick”) a leading investment bank specializing in mergers and acquisitions (M&A) advisory services for fast growing and established software and IT services companies, is pleased to announce its recognition as a Top 10 Investment Bank in Axials 2024 League Tables. About Solganick Solganick & Co.
Privateequity value creation came on my radar a few years ago when I noticed something: Even though traditional PE deal roles were not doing well, “operational” or “value creation” teams still seemed to be recruiting. What Does the PrivateEquity Value Creation Team Do in Real Life?
Are you preparing for upcoming privateequity interviews? If so, understanding the mechanics of a leveraged buyout is paramount… Paper LBOs are an important part of any privateequity interview. HBS PrivateEquity is ex-Bain Cap. Take the leap today!
As of May 2024, the influx of over $1.3 trillion in growth and buyout privateequity (PE) dry powder has fueled a competitive, but crowded, M&A market for high-quality middlemarket businesses, even amidst inflationary pressures and elevated interest rates. Armed with over $1.3
Thriving US MiddleMarket Fundraising and Resilient PrivateEquity Regarding Global M&A PrivateEquity Trends, looking at the positive news, the US middle-market fundraising landscape remained stable throughout 2022, with 156 funds closing at an aggregate value of $133.5
As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the 5 currently listed there): Sources: The list above is based on deal volume and fee data from Dealogic , the Financial Times , and Statista over the past few years.
The 6th annual Midwest M&A/PrivateEquity Forum sponsored by the Thomson Reuters Institute was held in early December in Columbus, Ohio, and for your humble correspondent, this was not only my second time as one of the participants, but my first time as a moderator of a panel! More on that later.
This article was originally published on August 9, 2024 on the I-95 Business website. If you go out to market, your most likely buyer will be a privateequity (PE) group. That makes lower middle-market government contractors desirable targets, assuming they meet all the criteria a PE group considers important.
Going to keep today rather simple — we want to celebrate and kick off the second half of the year with a simple offer for the first 10 people that take advantage of the below — PE Platform Access for $225 OFF = $74 out of pocket for lifetime access Our flagship program has placed mentees into most major privateequity firms since launching in 2020.
Privateequity giants are still racing to fill 2024 associate seats. Privateequity recruiting season is back following a disappointing round that caught many junior bankers flat-footed last August. meetings and freshman analysts locked in rooms waiting to be questioned. (BTW What firms should you focus on?
Tyton Partners 2023 Transactions K-12 Transactions The K-12 market continues to be an active sector as the ESSER funding cliff looms in 2024. Some of these were completed, several are in the market now, and we are bringing a host of additional divestitures to market in 2024.
Early Start Dates Last year, on-cycle recruiting kicked off before Labor Day Weekend, making it t he earliest privateequity on-cycle kick-off in history. Our program supplements self-studying with a hands-on approach on everything you need to know to get the best chance of getting a job in PrivateEquity.
Washington, DC, (June 21, 2024) – FOCUS Investment Banking (“FOCUS”), a national middlemarket investment banking firm providing merger, acquisition, divestiture, and corporate finance services, has been recognized as a leading M&A advisor in the industrials sector. For more information, visit www.focusbankers.com.
15, 2024 (GLOBE NEWSWIRE) -- Capstreet, a Houston-based lower middlemarketprivateequity firm, announced today that it has acquired Analytic Stress Relieving, Inc. (“ASR” HOUSTON, Feb. ASR” or “the Company”), a provider of on-site heat-treating services. Terms of the transaction were not disclosed.
LOS ANGELES, June 25, 2024 (GLOBE NEWSWIRE) -- Transom Capital Group (“Transom”), an operations-focused middlemarketprivateequity firm, is pleased to announce the acquisition of Virginia Tile Company, LLC (“Virginia Tile”).
Telecom Business Services: Public Market Summary M&A Summary Comments M&A It was a slow start to 2024 in terms of the level of M&A activity in the Telecom Business Services sector. The sub sector revenue multiple held steady at 0.8x, but the EBITDA multiple dipped from 7.7x down to 7.3x.
After a disappointing 2023 in middle-market M&A, both the U.S. economy and the market for closely held companies are off to good starts in 2024. The report anticipates an M&A market “where not only premium assets (i.e., Plain and simple, there’s money in the market,” said IBG’s Jim Afinowich (Arizona).
Washington, DC, (September 27, 2024) – FOCUS Investment Banking (“FOCUS”), a national middlemarket investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Dulles Eye Associates has joined ReFocus Eye Health as a supported practice.
They are among the most active advisors to medical professionals in transactions with privateequity-backed organizations. FOCUS managing directors Eric Yetter and Andy Snyder advised Mid-Michigan ENT in this partnership.
Washington, DC, (September 16, 2024) – FOCUS Investment Banking , a national middlemarket investment banking firm providing merger, acquisition, divestiture, and corporate finance services, would like to congratulate Cole Strandberg on his promotion to Managing Director within its Automotive Aftermarket group.
National”). FOCUS represented PrecisionX in this transaction. CORE previously acquired GEM Manufacturing, a manufacturer of precision deep drawn metal components, in February 2023, and Coining MFG, a specialist in progressive metal stamping, wire EDM and Swiss screw machining of high performance nickel alloys, in June 2023, to form PrecisionX.
The PrecisionX platform was formed in 2023 to provide specialty precision metal manufacturing capabilities for critical-use applications in growth-oriented end markets. FOCUS represented CORE in this transaction.
Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor Baltimore, MD – April 11, 2024 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to QI Services, LLC (“QI Services”), KI Services, LLC (“KI Services”), and PCH Logistics Inc. (“PCH
Valuation Multiples Are StabilizingBut Below 2021 Highs After the correction that began in late 2022, software valuation multiples have largely stabilized in 2024 and are expected to remain steady into 2025. While the market has cooled from its speculative highs, this recalibration is not necessarily bad news.
As we approach another exciting ASU+GSV Summit and look forward to what the remainder of 2024 holds, we also wanted to take a look back at our last 50 Transactions in the global knowledge sector and the trends that have materialized within the ecosystem. ISP Schools is a portfolio company of OMERS PrivateEquity.
Discounted Cash Flow (DCF) : A more theoretical approach, used less frequently in lower middle-market deals due to its complexity and sensitivity to assumptions. Valuation multiples vary widely depending on company size, growth rate, profitability, and market segment. Here are the most influential: 1.
More broadly, healthcare has remained a relatively active sector amid a slowdown in deal flow, with several advisory firms bulking up their practices in 2023 as they prepare for a wave of transactions in 2024 and beyond. Editor’s note: The original version of this article was published earlier on The Deal’s premium subscription website.
Benchmark International is pleased to announce the transaction between ProStar Adjusting, LLC, and Team One Insurance Services, a portfolio company of Longshore Capital Partners. The transaction creates a strategic expansion for ProStar Adjusting's existing claims-adjusting services and offers a deeper geographic reach.
Of the middle-market banks , only Jefferies seems to have much of a presence. Firms like the State Bank of India (SBI Capital Markets), IIFL, Arpwood, Trust Group, AK Financial Services, HDFC, Edelweiss, Veda, and o3 Capital are also well-regarded but are closer to middle-market or “in-between-a-bank” firms.
Carve out tech acquisitions also continued to be attractive to strategic and privateequity buyers, with GTCR’s acquisition of a majority stake in Worldpay from FIS for up to $18.5 With these key trends in mind, let’s take a closer look at the developments in tech M&A during 2023, and what we expect to see in 2024.
OVERVIEW Supply Chain Technology and Logistics M&A Report – Second Half 2024 – A Dramatic 115%Increase in Transactions Over 2023 In our Second Half 2024 report we discuss some of the major trends we are seeing in the market, and report on the M&A activity in the overall Supply Chain market.
As we close out 2024, we are reflecting on a landmark year for Chesapeake Corporate Advisors. From celebrating our 20th anniversary to navigating a dynamic market, our team has remained steadfast in delivering strong outcomes for our clients and supporting our community. We appreciate their hard work and dedication!
Behavioral Health, Infusion, and Staffing firms top the list in BRGs survey Many lower middlemarketprivateequity groups have revisited their investment priorities as we enter 2025, making room for new opportunities across healthcare verticals. ophthalmology and ENT).
OVERVIEW Supply Chain Technology and Logistics M&A Report – Second Half 2024 – A Dramatic 115% Increase in Transactions Over 2023. In our Second Half 2024 report we discuss some of the major trends we are seeing in the market, and report on the M&A activity in the overall Supply Chain market.
OVERVIEW The Food and Beverage industry capped off 2024 with a steady volume of M&A activity, with a total of 412 transactions. The main takeaway of 2024? Mirroring previous quarters, most of the transactions in Q4 2024 came from the CPG space, ranging from billion-dollar deals to lower middlemarket acquisitions.
2024: A Year of Relationship Building From Rick Thomas, CEO The past year looked surprisingly similar to the apprehensive market of 2023, but there were still deals to be made. Some of this was good fortune, but our referral partners and our commitment to industry expertise were the real difference makers for us in 2024.
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