Now We Know Some Stuff

Now We Know Some Stuff

By Andy Greenberg, CEO GF Data and Greenberg Variations Capital —– Back in April, I wrote a commentary titled “Nobody Knows Anything” that described the immediate challenges facing the M&A industry in the wake of a global health crisis that rendered inoperative most methods of business valuation. Since then, we’ve all tracked the successive waves […]

The Deals Done – and Not Done

The Deals Done – and Not Done

GF Data’s just-released report for the second quarter of 2020 provides a clear view of the M&A marketplace in the months following the onset of Covid-19: Virtually no change in valuations, dramatically reduced volume and dramatically less debt usage. The data tracking firm reported on transactions completed by 227 active private equity contributors in the […]

Do Reps and Warranties Insurers Pay Claims?

Do Reps and Warranties Insurers Pay Claims?

Law firm Lowenstein Sandler has just published a report, Getting Paid: A Look at Representations & Warranties Insurance, that explores whether insurances companies actually pay reps and warranties (R&W) claims. According to Lowenstein Sandler the answer is “yes” – with some important caveats. Eighty-seven percent of respondents said at least a partial payment was negotiated […]

PE Actively Supporting Portfolio Companies

PE Actively Supporting Portfolio Companies

According to a new report from Lincoln International, as the initial shockwaves of the global pandemic subside, both middle market private equity firms and lenders have proven supportive as portfolio companies navigated the financial challenges caused by COVID 19. Lincoln reports that a review of 450 portfolio companies (a subset of its proprietary database of […]

Pets a Good Bet

Pets a Good Bet

According to a new study by Katten, pet owners’ love for their animals, along with the impact of COVID-19, are among the reasons decision-makers feel bullish about the future of private equity and animal care. Katten’s new study – 2020 Private Equity in Animal Care Survey – polled more than 100 animal care operators and […]

PE Looking Harder at Legal Spend

PE Looking Harder at Legal Spend

Private equity firms spend millions of dollars each year on legal services and increasingly are taking a closer look at this expense category according to a new study by Apperio entitled “Rocketing Scrutiny, Eroding Trust – The Changing PE Legal Spend Landscape.” The Apperio study reveals that in-house attorneys at private equity firms feel intense […]

PE Weathering COVID-19

PE Weathering COVID-19

According to a new study by Willis Towers Watson (WTW), private equity-owned companies appear to be weathering the impact of the COVID-19 pandemic across multiple sectors and geographies. According to WTW, despite the subdued operating environment in the first half of 2020, there has been little evidence of forced portfolio company exits within private equity. […]

Datasite: AI to Speed Up M&A

Datasite: AI to Speed Up M&A

According to Datasite, over the next five years new technologies, including artificial intelligence, will transform the mergers and acquisitions process by decreasing the time it takes to perform due diligence to less than a month from three to six months today. Datasite’s new report – The New State of M&A – is based on a […]

Despite Headwinds, Packaging Industry Faces Pockets of Growth

Despite Headwinds, Packaging Industry Faces Pockets of Growth

A recent survey by L.E.K. Consulting, conducted just before the economic dimension of the COVID-19 pandemic took hold, shows that nearly 50% of consumer packaged goods (CPG) brand owners expect to boost their spending on packaging, up from 41% who said the same in last year’s survey. Given some subsequent research in the space, L.E.K. […]

DOL Action Expands 401k Access to Private Equity

DOL Action Expands 401k Access to Private Equity

Last week, the Department of Labor provided an information letter to confirm that companies with 401(k) plans can now offer private equity options to their employees. Presently, 401(k) plan fiduciaries do not provide plan participants with private equity choices due to the risk of litigation from plan participants that allege excessive fees or underperformance. The […]

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