Survey: The State of Venture Capital
Deal Lawyers
MARCH 26, 2025
Aumni and Fenwick recently released their latest “Venture Beacon,” a quarterly report on the state of the venture capital market.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Deal Lawyers
MARCH 26, 2025
Aumni and Fenwick recently released their latest “Venture Beacon,” a quarterly report on the state of the venture capital market.
JD Supra: Mergers
FEBRUARY 14, 2024
*This piece appears in PitchBook’s 2023 Annual US VC Valuations Report. By: Mintz - Securities & Capital Markets We believe this is the wrong question—we view a reverse merger as "going public" during your cross-over round, rather than as an alternative to an IPO.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. Debt / EBITDA, decreased from 4.0x in 2021 to 3.5x in Q2 of 2023 (as shown in the below graph).
Mergers and Inquisitions
OCTOBER 18, 2023
Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?
Lake Country Advisors
AUGUST 8, 2024
Accurate and appropriate valuation is one of the pillars of maximizing the profits from a business sale. However, company valuation isn’t as simple as slapping a price on your business. It’s a delicate balancing act, as inaccurate valuations have polarizing consequences.
Mergers and Inquisitions
OCTOBER 30, 2024
Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. What Are Corporate Finance Jobs?
The Harvard Law School Forum
SEPTEMBER 22, 2022
It is likely that direct lenders will step in to pick up some of the slack left by more cautious capital markets. Acquirers will capitalize on attractive multiples. PE has ample dry powder at its disposal and has proven adept at capitalizing on market dislocations in the past. more…).
Cooley M&A
JANUARY 19, 2023
This post highlights key guidance from the Notice as it relates to common M&A and capital market transactions. Even if a Covered Corporation issues more shares than it repurchases in a taxable year, timing and valuation differences can prevent the netting rule from eliminating its Excise Tax liability.
Accenture Capital Markets
SEPTEMBER 5, 2023
And only a handful of processes such as reconciliations, valuation, portfolio company information gathering and financial reporting typically account for most of the RPA opportunity. The post Three Ways Institutional Investors Could Increase RPA Success appeared first on Accenture Capital Markets Blog.
iMerge Advisors
APRIL 10, 2025
Heres what to look for: Sector Specialization: Advisors who focus on SaaS, cloud, cybersecurity, or e-commerce understand the nuances of valuation, buyer behavior, and deal structuring in those verticals. Morgan bring unmatched reach and capital markets expertise. Firms like Goldman Sachs , Morgan Stanley , and J.P.
iMerge Advisors
APRIL 9, 2025
Heres what to look for: Sector Specialization: Advisors who focus on SaaS, cloud, cybersecurity, or e-commerce understand the nuances of valuation, buyer behavior, and deal structuring in those verticals. Morgan bring unmatched reach and capital markets expertise. Firms like Goldman Sachs , Morgan Stanley , and J.P.
Cooley M&A
JANUARY 9, 2023
The two-day event featured panel discussions on a range of topics, including emerging trends in M&A and capital markets, Delaware corporate jurisprudence, key boardroom strategy and governance best practices. Cooley partners Jamie Leigh and Steve Tonsfeldt co-hosted the event with professor Stavros Gadinis of Berkeley Law.
Periculum Capital
APRIL 13, 2023
Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of 21st Amendment, Inc. About Periculum Capital Company, LLC Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. appeared first on Periculum Capital.
SDR Ventures
AUGUST 24, 2022
Roundtable Overview During a recent virtual roundtable hosted by GF Data, SDR’s Scott Mitchell joined fellow M&A professionals to discuss the state of lower-middle market M&A and private capital markets. Overall, 2021 appears to be headed for a significant surge in deal activity at strong valuations.
The TRADE
JUNE 23, 2023
The Mifid/r review forms a key base for the completion of a Capital Markets Union (CMU) that works for investors and issuers, a necessary element to ensure that EU capital markets across asset classes are more integrated and competitive globally.
Focus Investment Banking
MARCH 3, 2024
The first is Private Capital Markets by Rob Slee (John Wiley & Sons: 2011). Private Capital Markets is the first book to present a theory of how the private markets work at the lower end of the middle markets. Slee also lived in Charlotte and had an Investment Banking firm called Robertson & Foley.
Periculum Capital
MARCH 11, 2022
Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has advised Select Home Health Services, Inc. SHHS” “Company”), a leading home healthcare service provider, in its sale to Fortis Home Health and Hospice, LLC (“Fortis”), a portfolio company of Grant Avenue Capital, LLC (“Grant Avenue”).
How2Exit
MAY 2, 2023
This is because the cost of capital is the number one driver of business value. When interest rates increase, the cost of capital also goes up, which reduces the price of businesses when they are sold. For example, higher interest rates can make it more difficult for businesses to access capital for growth or expansion.
Solganick & Co.
JANUARY 2, 2024
Valuation Issues : Setting an unrealistic valuation can deter potential buyers or lead to a disconnect between seller expectations and market realities. Valuation discrepancies often emerge from differences in perspective on the company’s future growth prospects or the technological landscape.
Focus Investment Banking
AUGUST 6, 2023
Moreover, “a strong ESG proposition can enhance investment returns by allocating capital to more promising and more sustainable opportunities.” Companies that can demonstrate strong ESG programs are more likely to command greater valuations when it comes to a sale.
Bronte Capital
MAY 21, 2021
John Extract F ollowing the allegations made public by Viceroy Research LLC, Wilmington, Delaware, USA, in the role of a short seller in September 2020, GRENKE AG’s financial reporting as at the immediately subsequent reporting date has a particularly indicative effect from the perspective of the capital market and other key stakeholders.
Cooley M&A
JANUARY 25, 2023
Amid depressed valuations, biotechnology companies also saw an increasing number of demands from activist investors that in certain cases led to more deal activity. It’s a more challenging market environment right now than we’ve seen in many years,” said Charlie Kim , who co-chairs Cooley’s capital markets practice.
The TRADE
JUNE 27, 2023
Gerard Walsh, global head of capital markets client solutions, highlighted that implementing these more cost-effective operations and launching new technology is more difficult in a contracting market.
Cooley M&A
OCTOBER 29, 2020
Valuation Certainty. Perhaps the greatest benefit of going public via a SPAC as opposed to an IPO is that the target’s shareholders are able to attain greater certainty regarding valuation, and more quickly. deals do) tends to enhance market support. deals do) tends to enhance market support. Competition / Variation.
Tyton Partners
JANUARY 18, 2024
Several trends contributed to these market conditions including: Lower middle market transactions have a smaller financing emphasis and are traditionally deemed less risky, limiting the impact of 2023’s interest rate hikes on this asset class.
Tyton Partners
APRIL 1, 2024
The Tyton community was thrilled to host Cole and Toby as they discussed their respective organizations’ roles and experiences within the sports and education ecosystem, the impact recent capital markets activities have made in this space, and how they imagine this section of the market may evolve in 2024 and beyond.
Sica Fletcher
AUGUST 6, 2024
MidCap Advisors Stats Dowling & Partners Securities Dowling & Partners Securities specializes in equity research and broker-dealer services, providing investment banking services for insurance agencies as part of their capital markets department.
Wall Street Mojo
JANUARY 15, 2024
Financial Modeling & Valuation Courses Bundle (25+ Hours Video Series) –>> If you want to learn Financial Modeling & Valuation professionally , then do check this Financial Modeling & Valuation Course Bundle ( 25+ hours of video tutorials with step by step McDonald’s Financial Model ).
Tyton Partners
FEBRUARY 3, 2025
Higher Education Transaction Spotlight The higher education market is facing several persistent challenges, including stagnant or declining enrollment rates, exacerbated by demographic shifts and changing perceptions of the value of traditional higher education.
Cooley M&A
JANUARY 22, 2020
And, in general, we saw large pharmaceutical companies deploy substantial amounts of capital in 2019 to acquire innovative biotech companies that are advancing the development of novel therapies for oncology, orphan diseases and other unmet medical needs. Year of the Life Sciences Mega-Deals. billion; and Synthorx’s sale to Sanofi $2.5
Wall Street Mojo
JANUARY 15, 2024
read more that created cheap credit market infused liquidity, and freed up capital for lenders but ultimately collapsed because of a lack of comprehensive understanding of the systemic risk Systemic Risk Systemic risk is the probability or unquantified risk of an event that could trigger the downfall of an entire industry or an economy.
Growth Business
MARCH 1, 2024
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth. What is private equity and how does it work? However, there is hope things will improve in 2024.
Focus Investment Banking
JULY 31, 2023
That is, EBITDA x EBITDA Multiple = Valuation The key inputs are 1) the practice’s EBITDA, and 2) the EBITDA multiple. and payroll taxes related to the owners) Any non-recurring expenses – meaning expenses that were one-time in nature, have been eliminated going forward, or should have been characterized as capital investment vs. an expense.
Cooley M&A
FEBRUARY 7, 2023
Show me the cash With the slowdown in capital markets, increased interest rates and the end of “easy money” from traditional lenders, the need for access to cash and financing drove M&A deals in 2022.
How2Exit
JUNE 10, 2024
The discussion dives deep into the evolution of the capital markets, the rise of private equity, and the intricate process behind selling a business. He also stresses the necessity of understanding the valuation of a business, customer concentration, and other factors that can affect a company’s saleability.
How2Exit
JULY 13, 2023
The criteria include factors such as valuation multiples, legal issues, availability of buyers, ESG focus, maturity, and competition. These individuals have ambitions for growth and are driven by business expansion, capitalization, marketing, and other related factors.
Focus Investment Banking
OCTOBER 6, 2023
The current market creates an interesting dynamic when it comes to restaurant brand owners and how they view selling. Many owners are bearish when discussing a capital related transaction, be it a capital raise, selling a minority stake, or selling their beloved brand creation. What’s a unicorn in business terms?
The TRADE
APRIL 30, 2024
These measures included mandates for constraints on proprietary trading (known as the Volcker Rule), and enhanced supervision of derivatives markets, as well as increased capital reserves. These measures aim to mitigate liquidity risks and bolster banks’ ability to meet their obligations during market disruptions.
Cooley M&A
JANUARY 22, 2021
Despite dealmaking anxieties in the first half of the year, valuations remained strong, and discount opportunities were few and far between. Apologies in advance to our capital markets colleagues – it looks like we’re not done with you just yet!). 2] Global deal value in the technology sector was up 47.3%
Cooley M&A
JANUARY 25, 2023
However, deal activity fizzled in the second half of 2022, as high inflation, aggressive anti-inflation monetary policies, geopolitical instability, assertive antitrust regulators and tightening financing markets depressed target valuations, reduced strategic acquirer confidence and sidelined private equity sponsor buyers. trillion. [2]
Cooley M&A
JANUARY 20, 2022
19 treatments from Pfizer, Merck and potentially others hitting the market soon , we expect Big Pharma to continue to parlay this cash flow into growth in other areas of strategic focus. 19’s effects transitioned from market volatility to one of sustained high?intensity DeSPAC transactions also hit an all? As we noted in our 2020 year?end
Mergers and Inquisitions
APRIL 30, 2025
The venture capital market is highly cyclical , which discourages some bankers from considering it. Join in a bad market, and you might close 0 deals and learn very little except how to start a podcast or Substack on becoming a VC influencer. But there is one lower Beta alternative: Corporate venture capital (CVC).
The TRADE
FEBRUARY 11, 2025
Euroclear will operate as an independent third party, managing the selection, valuation and substitution of collateral, ensuring that it meets eligibility criteria.
Focus Investment Banking
NOVEMBER 26, 2024
Valuations have taken a hit, but quality assets continue to trade at a premium Franchisee valuations dipped in the first half of 2024, ranging from 4x to 7x EBITDA , according to UBS analyst Dennis Geiger. Continuing with its franchise focus, Blackstone recently announced its $8 billion acquisition of Jersey Mike’s.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content