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Tuesday, April 14, 2020

When the going got tough (2020)

On the first trading day of 2020, a typical headline was “Dow jumps 300 points to start 2020, continuing last year’s big rally.”  The S&P 500 was up 28.9% in 2019.   US GDP was up 2.3%, not quite the growth seen in 2017 and 2018, but still pretty good from where we stand today.  Our […]

Tuesday, October 25, 2016

What’s Next (after the sale of my business)?

After years, and often decades, of building a business, the sale and transition from day-to-day ownership responsibilities are life changing events.  With the sale comes liquidity and the freedom to pursue interests beyond the business world.  The transition from ownership responsibilities can be dramatic, even for those owners who stay on with the business.  One […]

Friday, July 25, 2014

Smaller Software Companies Enjoy Increased Options Based on Growing Private Equity Interest in Technology

Over the last five years the technology sector has attracted an increasing number of private equity investors. More specifically, platform investments (financial) and follow-on acquisitions (hybrid) have grown 25% and 30% respectively over the last five years, based on our analysis of CAPIQ data. When we parsed the data to identify the most active private […]

Tuesday, June 17, 2014

“$163 million?!!!? Hey, Terminate ME!” (Break-up fees in the middle market)

Hillshire Brands agreed last month to acquire Pinnacle Foods for $4.3 billion in a deal intended to broaden Hillshire’s product offerings beyond Ball Park hot dogs, Jimmy Dean sausages, and other protein products by adding Pinnacle’s roster of iconic grocery brands including Birds Eye, Mrs. Paul’s, Log Cabin, Duncan Hines, Vlasic and more.  The market […]

Thursday, May 16, 2013

Private Equity breaks out the Picks and Shovels

With rising valuations driven by a bull market and competition from strategic buyers, private equity firms are increasingly rolling up their sleeves and digging into deals that will require a little more effort in order to achieve their target returns.

Posted by in News, Private Equity, Editorial
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Tuesday, February 21, 2012

Private Equity Exits were down in 2011. PEGs are holding investments longer.

A recent study by Pitchbook and Grant Thornton has discovered that Private Equity groups are holding on to their investments for longer, 4.8 years is the median “hold” time as discussed in “Private Equity Exits Report: 2012 Annual Edition”.

Tuesday, April 05, 2011

Leveraged Loans for Take-Overs and LBOs are Back

Banks have again started to provide large bridge financings for deals, and in some case keep all of the lending business for themselves rather than spread the risk over a syndicate, an indication of just how competitive the world of corporate and commercial lending is becoming. Take for example the JPMorganChase $20 billion unsecured bridge loan to fund AT&T’s $39 billion purchase of T-Mobile USA from Deutsche Telekom.

Friday, May 21, 2010

PEGs bring new life (and capital) to Commercial Lenders

Two commercial finance companies focused on lending to small and middle-market companies received new capital investment from private equity firms in May.