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Over this time, there are two books that I keep returning to frequently for help in my transactions. The first is Private Capital Markets by Rob Slee (John Wiley & Sons: 2011). So, I called him up and he agreed to let me join him with one requirement – that I read his book.
Washington, DC, (August 15, 2023) – FOCUS Investment Banking (“FOCUS”), a national middlemarket investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that it has added two new managing directors, Mike McCraw and William R. Bill”) Snow.
A bot might be able to write a term paper, or a song, or even a book, but that bot cannot be considered “intelligent” until it decides by its own volition to write that paper or song or book. In the forward for Gone to Pot, a 2020 book about the early days of the legal cannabis industry, I mentioned “the caravan.”
The company offers buy-side advisory services, helping buyers find off-market deals and guiding them through the entire acquisition process. Peterson Acquisitions provides comprehensive education and resources for both buyers and sellers, including tools, books, and a unique methodology called QSI (Quality, Scalability, and Investability).
League tables are primarily marketing tools for banks. These tables exist so that banks can state in their pitch books : “Look! Here are a few examples from an Inovalon pitch book by JPM : These specific examples are reasonable since the screens are minimal: year and industry. We’re #1 in Deal Type X or Region Y.”
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.
Among the elite boutiques , Evercore has the strongest presence in Singapore, and Rothschild also works on many deals, mostly in the middle-market space. If you focus on the capital markets , you’ll still see some of these names (e.g., If you have a bad day (client emergency, deal blow-up, last-minute pitch book, etc.),
Through their journey, they recognized the need for education and founded Divestopedia, a platform aimed at providing necessary education for the lower middlemarket mergers and acquisitions community. Ron's background in real estate investment and marketing provided them with a unique perspective on the industry.
As with PE in many other emerging/frontier markets, it’s more like growth equity than traditional roles at middle-market PE firms and mega-funds in the U.S. poor stock-market performance, slowing growth rates, and an aging population. This may change due to factors like the “decoupling” with the U.S.,
“I always say in an ESOP you should be able to get about 2x conservatively and generally expect 3x your EBITDA level in third-party bank debt,” says Beard, who adds that when a business has less debt on the books, more new debt can go directly to the owner in an ESOP. And the trustee will get in the middle of that decision.”
below the normal “ middle-market private equity ” cut-off). With the longer-term internships, you’ll help the full-timers with industry research, sourcing deals/ideas, building pitch books , or evaluating due diligence. For private equity, anything with under $1 billion in AUM should be fine (i.e.,
In middle-market business sales, the value of the deal and the path to a successful closing are shaped in large part by a factor that many sellers underestimate: the type of buyer that is evaluating your company. Before it goes on the market, your business will be prepared for sale in the way that will bring top dollar.
Example Valuations, Pitch Books, Fairness Opinions, and Investor Presentations This list was extremely difficult to compile due to the lack of company-level deals in the sector, but I’ve done my best: Solar Sunergy Renewables – SPAC / IPO (Cohen and Houlihan Capital) Investor Presentation Fairness Opinion (pg.
A few middlemarket and regional boutique names in the space include Canaccord Genuity, Maxit Capital, Cormark, Haywood Securities, and Eight Capital. For example, if they have 1,000 ounces of gold and 10,000 pounds of copper, and prices are currently $2,000 per ounce for gold and $4.00
A private deal network that covers the lower middlemarket in the United States and Canada, Axial investigated 47 transactions across a variety of industries. To familiarize yourself on the process, I encourage you to read my book “Buy, Build, Fix, Sell.” The best place to start is to understand why deals die.
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