“The Exciting Game Without Any Rules”

“The Exciting Game Without Any Rules”

Valuations on middle-market private M&A transactions continued their torrid upward surge in the fourth quarter, according to GF Data’s just released February report. The 201 private equity funds and other deal sponsors that are active contributors to GF Data® reported on 68 completed transactions in the quarter, with an average valuation mark of 8.1x. This […]

The Return of the Megafunds

The Return of the Megafunds

McKinsey & Company has published its 2018 annual review of private markets that confirms global fundraising and assets under management (AUM) reached record highs in 2017, while managers once again faced mild difficulties to deploy capital, as deal count fell, multiples went up, and dry powder increased for its ninth consecutive year. The report, called […]

Getting High

Getting High

By Andy Greenberg, CEO GF Data – GF Data has recorded average valuations on private middle-market transaction surging into record territory over the course of this year, yet we continue to hear from subscribers and other deal professionals that these unprecedented multiples seem low in comparison to their own market experience. It seems like a […]

Fifty Shades of Unsustainable

Fifty Shades of Unsustainable

By Andy Greenberg, CEO GF Data Valuations and debt levels on middle-market private M&A transactions achieved record highs in the third quarter, according to GF Data’s just released November report. The 201 private equity funds and other deal sponsors that are active contributors to GF Data® reported on 49 completed transactions in the quarter, with […]

Indemnification Caps – the High Water Mark? 

Indemnification Caps – the High Water Mark? 

By Andy Greenberg, CEO GF Data Based on analytical reports and anecdotal evidence, the protracted seller’s market in M&A has shown no signs of receding.  Like many deal professionals, we believe that key deal terms are a lagging indicator in a seller’s up market and a leading indicator in a down one, and therefore will […]

“Unsustainable” Market Conditions Sustained for Another Quarter!

“Unsustainable” Market Conditions Sustained for Another Quarter!

The hallmarks of this extended seller’s market – unprecedented valuations and aggressive debt availability being driven by non-bank lenders – continued unabated in the second quarter of 2017, according to GF Data’s just-released August report. 201 private equity groups and other deal sponsors reported to the data tracking firm on 45 transactions completed in the […]

Fundraising Gets Quicker and Bigger

Fundraising Gets Quicker and Bigger

According to the latest Preqin Private Equity Spotlight the largest private equity firms and consistent performers are seeing the fastest and most successful fundraises. The private equity fundraising market is seeing a marked trend towards vehicles raising more capital in shorter timeframes. Private equity funds closed in 2013 spent an average of 20 months in […]

Still the Best of Times?

Still the Best of Times?

It was the best of times… or almost the best of times. This is one takeaway – at least from the business seller’s perspective — from completed deal activity in the first quarter of 2017, according to GF Data’s just-released May report. Two hundred private equity groups and other deal sponsors reported to the data […]

Have Mid-Market Values Peaked?

Have Mid-Market Values Peaked?

Middle market valuations achieved a peak in 2016, according to GF Data.  Overall valuations for private equity sponsored transactions valued between $10 million and $250 million averaged 6.9x Trailing Twelve Months (TTM) Adjusted EBITDA, a record high in a data set that goes back to 2003. After a quiet third quarter, transaction volume picked up […]

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