Private Equity’s View of COVID-19

Private Equity’s View of COVID-19

A just-completed survey from Stifel Financial of technology executives, entrepreneurs, and private equity and venture capital investors finds most expect the COVID-19 crisis to have a lengthy impact on business operations, leading to a U-shaped economic recession. The new survey, conducted from April 6-12, had 270 respondents and reported that a majority of portfolio companies […]

Institutional Investors Hold the Fort

Institutional Investors Hold the Fort

Placement agent Eaton Partners, a subsidiary of Stifel Financial, has completed a survey that reveals an overwhelming majority of institutional investors (64%) are making no changes at this time to their private market allocations despite dislocations caused by the coronavirus crisis. In fact, some institutions (15%) are increasing allocations. According to Eaton Partners LP Pulse […]

Key Takeaways From PIMCO’s Cyclical Outlook: From Hurting to Healing

Key Takeaways From PIMCO’s Cyclical Outlook: From Hurting to Healing

We expect the global economy and financial markets to transition from intense near-term pain to gradual healing over the next six to 12 months. However, there is the risk if not the likelihood of an uneven recovery, with significant setbacks along the way and some permanent damage. By Joachim Fels, Global Economic Advisor, PIMCO Following […]

“Nobody Knows Anything”

“Nobody Knows Anything”

By Andy Greenberg – CEO GF Data® and Greenberg Variations Capital Attempts to gain perspective on the deal market in the midst of coronavirus have reminded me of this ageless observation from the screenwriter William Goldman: “Nobody knows anything…… Not one person in the entire motion picture field knows for a certainty what’s going to work. […]

Most See Third Quarter Recovery

Most See Third Quarter Recovery

Ernst & Young (EY) has published its latest Capital Confidence Barometer (CCB) that finds business leaders focusing on the impact of COVID-19 on supply chains, revenue and profitability, while also reconfiguring capital allocation and M&A plans for the post-crisis world. According to the CCB, which surveyed more than 2,900 global C-Suite executives, almost three-quarters (73%) […]

In the Thermocline

In the Thermocline

In its just-released February report, GF Data turned to an oceanographic term to describe the state of the middle market, noting that all of the action is in the “thermocline” – the layer in deep water subject to significant temperature change even when the surface temperature is changing hardly at all. “Completed deal activity in […]

BGL: PE Targeting the Automotive Aftermarket

BGL: PE Targeting the Automotive Aftermarket

Investment bank Brown Gibbons Lang has just published a new report, Automotive & Aftermarket Insider: The Deal Engine, that looks at recent developments and changes occurring in the automotive industry. A link to download a PDF copy of the report is available below. Andrew Petryk, a managing director and head of industrials; and Todd Cassidy, […]

BDO Looks at 2020

BDO Looks at 2020

According to BDO’s inaugural U.S. Private Capital Outlook, preparations for a downturn are underway for the private equity and venture capital sectors, as more than half of fund managers say they are being more selective when evaluating highly valued transactions. Ten-plus years into a bull market, 72% of private equity funds expect an economic downturn […]

Heading for the Exits 

Heading for the Exits 

By Andy Greenberg CEO GF Data and Greenberg Variations Capital – As my GF Data partners and I travel the country, one question dominates every conversation regarding this improbably long-lived seller’s market: “What inning is it?” It’s like being a parent in the first year of kid-pitch baseball. Don’t forget, prognosticating about or attempting to […]

Still the Same

Still the Same

Generally favorable market conditions for private business sellers continued to prevail in the third quarter, according to GF Data’s just-released November report. “If this protracted sellers’ market were a song, it would be ‘Still the Same’,” said Andrew Greenberg, the CEO of GF Data. “If it were a movie, it would be ‘Frozen’ and if […]