What Worries Institutional Investors

What Worries Institutional Investors

A new survey from Eaton Partners shows that institutional investors are growing concerned about anti-private equity rhetoric coming from some of the U.S. presidential candidates. Simultaneously, limited partners are also keeping a close eye on geopolitical events and starting to prepare for a possible U.S. economic pullback by taking a more defensive approach to investing. […]

Seller’s Market, Seller’s Rules

Seller’s Market, Seller’s Rules

Seller-friendly positions on deal points continue to accompany favorable economics in this sustained seller’s market, according to GF Data’s Fall 2019 Key Deal Terms Report. Two hundred private equity sponsors and other acquirers reported to the data tracking firm on transactions completed in the $10 million to $250 million Total Enterprise Value (TEV) range. The […]

Party On?

Party On?

The protracted strong market for business sellers continues to be a party that shows no sign of winding down, according to GF Data’s report on private equity deal activity in the second quarter. Two hundred private equity sponsors and other acquirers reported to the data tracking firm on 51 transactions completed in the $10 million […]

Billions in Opportunity in Automotive Supply

Billions in Opportunity in Automotive Supply

Deloitte has published its fourth “Global Automotive Supplier Study” which analyzes shareholder value performance for more than 200 automotive suppliers. In the new report, the firm reveals four disruptive mega-trends – shared mobility, electrification, technology convergence and new market entrants – that are driving the transformation of the automotive value chain and causing many senior […]

Debt Stays in the Driver’s Seat

Debt Stays in the Driver’s Seat

As the current M&A cycle in the lower middle market marches onward, first-quarter 2019 data shows the continuation of a familiar pattern, where valuation multiples bounce off the ceiling set by leverage availability and willingness of sponsors to over-equitize transactions (or not), according to GF data’s recently published May report. Two hundred private equity sponsors […]

Bain: Healthcare Private Equity Has Banner Year

Bain: Healthcare Private Equity Has Banner Year

According to Bain & Company’s eighth Global Healthcare Private Equity and Corporate M&A Report healthcare private equity outperformed other asset classes in 2018. In the face of growing economic and sociopolitical instability across the globe, healthcare assets attracted investors at record levels last year. Disclosed deal values surged almost 50 percent to $63.1 billion, topping […]

Easy A’s, Killer B’s and Tricky Seas

Easy A’s, Killer B’s and Tricky Seas

By Andy Greenberg, CEO GF Data® GF Data’s recently released year-end report (Easy A’s and Killer B’s) theorized that a value environment remaining steady at unprecedentedly high levels is actually more complex than the surface suggests – that there are competing cross-currents beneath the unchanging water line.  We thought it would be interesting to see […]

Easy A’s and Killer B’s

Easy A’s and Killer B’s

Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 showed that there is plenty of “oomph” remaining in this extended seller’s market, according to GF Data’s just-released February report. Valuations averaged 7.2x for all of 2018, essentially in line with 7.3x […]

Go Froth and Prosper?

Go Froth and Prosper?

Middle market deal valuations continued to show signs of plateauing in the third quarter of 2018, according to GF Data’s just-released November report. Two hundred private equity groups and other deal sponsors reported to the data tracking firm on 63 transactions completed in the $10 million to $250 million Total Enterprise Value (TEV) range, with […]

Honey, We Shrunk the Volume

Honey, We Shrunk the Volume

Valuations and debt levels remained aloft in the second quarter of 2018, according to GF Data’s just-released August report.   At the same time, the data tracking firm saw a drop in completed deal volume that defies the general sense of an enduring red-hot market. Two hundred and six private equity groups and other deal sponsors […]

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