Live Cat Bounce

Live Cat Bounce

Transactions completed in the third quarter of 2020 suggest a market stunned by the pandemic, but with a cat-like capacity to land on its feet. GF Data’s 228 active private equity contributors completed 50 transactions in the quarter meeting the data tracking firm’s parameters – Total Enterprise Value (TEV) of $10 million to $250 million […]

Lincoln – Sponsors and Lenders Beating COVID-19

Lincoln – Sponsors and Lenders Beating COVID-19

Lincoln International has released the results of its third-quarter middle-market index (Lincoln MMI) which tracks changes in the enterprise values of US-based privately-held middle-market companies—primarily those owned by private equity firms. Lincoln’s new report is based on its database of over 2,200 private equity portfolio companies with median EBITDA of approximately $30 million and shows […]

Next Year to Bring New Ways for New Deals

Next Year to Bring New Ways for New Deals

Despite the ongoing economic uncertainty from the pandemic, many private equity professionals are optimistic about the outlook for 2021 and are looking to alternative merger and acquisition methods to navigate the crisis and pursue new disruptive business growth strategies. According to Deloitte’s “Future of M&A Trends Survey” of 1,000 U.S. corporate M&A executives and private […]

BDO Sees Stronger 2021

BDO Sees Stronger 2021

BDO has just published its U.S. Private Capital Pulse Fall 2020 Survey which finds that even as they prepare for a second wave of the coronavirus, three-quarters of private equity firms expect the economy to turn around in 2021. Three-quarters of all fund managers surveyed expect the economy to improve next year—28% expect it to […]

KKR Sees “The New Normal”

KKR Sees “The New Normal”

KKR has released a new report titled “The New Normal” which explores the long-term implications of COVID-19 on cities and consumer trends. “Following a decade of relative prosperity, overlapping calamities in 2020 have brought economic activity to a near halt. The combination of longstanding political and social strife has met with an unforeseen health and […]

Paul Hastings Sees Active IPO Market

Paul Hastings Sees Active IPO Market

While the U.S. IPO market ground to a halt this spring due to the outbreak of the COVID-19 pandemic, beginning in May the market came roaring back, allowing companies with IPO plans in the pipeline before the start of the pandemic to access the market. The summer resurgence has set the stage for an active […]

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 […]

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