Mirus Capital AdvisorsMirus Capital Advisors

Wednesday, October 08, 2014

Valuing the intangibles: What’s Your Company Really Worth?

A trusted advisor has suggested you meet with an investment banker.  You respond, “I’m focused on growing my business…not selling it.  Besides, investment bankers are in interested closing fees and not much else.  The last banker I met summed up my company’s value at 3-5x EBITDA based on a quick 5-minute glance at my financial […]

Monday, August 25, 2014

Private Equity and Venture Capital Going Back to School

Over the last few years, both private equity and venture capital firms are taking an increasing interest in the education sector, as seen below in this chart from Pitchbook. In general, some of the differences between the investments made by VC firms vs PE firms include: VC firms are investing less money, at earlier stages […]

Wednesday, August 13, 2014

Why Doesn’t Private Equity Like Staffing?

The truth of the matter is that there are not a whole lot of private equity firms that make investments in the staffing industry.  As you can see in the chart below, there have been only about 17 PE firms making staffing deals over the last few years.  (Data is from CapitalIQ.)  The most active […]

Monday, August 11, 2014

Multiple Mergers and Acquisitions Drive CAM Market consolidation – Finally!

There have been a number of us over the years that were wondering when it would happen.  When would CAM finally consolidate into a few major players from the literally dozens of small companies servicing the market, much the same as CAD and PDM before it? As recently as 2006, there was no dominant player […]

Friday, July 25, 2014

10 Most Active Strategic Buyers in the Staffing Space

Staffing Industry Analysts recently released their latest report “2014 List of Companies Looking to Acquire Staffing Firms”.  This study includes self-reported information from strategics about their acquisition desires, but interestingly, it only has information from 2 of the 10 most active strategic acquirers.  Perhaps that’s because the most active strategics have corporate development staff dedicated […]

Thursday, June 26, 2014

The Top 3 Reasons You Want a Broad Buyer List When Selling Your Company

Recently, a topic has been on several different blogs discussing whether, when your business is being sold, you should go to a small number of buyers, or a broad buyer list.  Based on the title of this blog, you can probably figure out my point of view. Often when I’m talking to a business owner […]

Tuesday, June 10, 2014

5 Reasons to Sell Your Business in 2014

Owners of many privately-held businesses have sat out the recent resurgence in M&A activity while waiting for their company performance to rebound and waiting for M&A valuations to match their expectations once again.  Abundant capital and fervent demand are fueling a strong M&A market, so owners should consider these five reasons to sell their businesses […]

Thursday, May 22, 2014

There’s A Skills Gap, But It’s Not What You Think It Is!

Where is the gap? In Adecco’s 2013 State of Economy and Employment Survey, they asked 500 senior executives where they feel the biggest skills “gap” is.  Their results are a little surprising – 44% believe that the biggest gap is in soft skills:  communication, collaboration, and critical thinking.  The second highest gap they identified is […]