The third quarter was a better quarter for mid-market private equity in the US, says a just-released report issued by BMO Harris Bank. Deal activity picked up, particularly in healthcare and software sectors, buoyed by debt markets that are clearly open for business.
The BMO data, drawn from the group’s internal transaction review process, reflects the state of the market for mid-sized companies, typically those with less than $50 million in EBITDA.
“It was a good quarter, punctuated by a fairly vibrant August and September, which are not traditionally the most active months of the year,” said Dennis Robleski, Group Head for BMO Harris Bank’s Sponsor Finance Group. Mr. Robleski, who authored the report, tempered his comments by adding “while market activity is up, it’s important to keep in mind that this is an improvement from what has been a relatively low level of activity over the first seven months of 2013.”
The BMO report covers various points of interest for private equity sponsors, companies and other intermediaries, including use of loan proceeds, loan pricing, available leverage, and financing structures of recent middle market transactions.
For a FREE copy of the BMO Transaction Trends Report click HERE.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-30-13