We have been pointing out the growing increase in Add-on activity for years, but it only continues to go up to new levels – so we will keep talking about it. In the first half of this year… Subscribe to Read MoreAlready a member? Log in here...
With a total of 483 U.S. deals being completed in the second quarter, private equity deal activity notched a decline of 35% from the first quarter. The decline in 2Q deal flow is likely the result of high purchase price multiples… Subscribe to Read MoreAlready a member? Log in here...
Over the last several years the biggest opportunity for PE firms was in solid companies that were struggling with generating growth and then to use their operation expertise to fix it up in order to… Subscribe to Read MoreAlready a member? Log in here...
No Curve in the Path Anytime Soon Once each quarter we pause to pull together survey and transaction data to try and understand where the private equity deal market is at in terms of pricing, multiples, leverage and fees…. Subscribe to Read MoreAlready a member? Log in here...
Have PE Firms Learned a Mega Buyout Lesson? Energy Future Holdings’ bankruptcy filing last month put to rest another chapter in the book of boom-era PE buyout failures…. Subscribe to Read MoreAlready a member? Log in here...
Private equity is very much a global beast. As such, when thinking about deal activity trends, it is increasingly important to be aware of what is happening beyond U.S. borders. The largest private equity market outside of North America is,… Subscribe to Read MoreAlready a member? Log in here...
Last week we discussed the increase in valuations seen over the last 12 to 18 months in the middle-middle market, one of the drivers that we cited was the increase in competition and amount of capital chasing these deals. Today’s PitchBook chart shows that U.S. PE funds targeting middle-market deals currently have $305 billion of…
At ACG Intergrowth last week I spent a fair amount of time talking with private equity deal guys (and one gal…another topic) about the current market. The clearest trend everyone could agree on, and one that nobody was particularly excited about, was the increase in company valuation multiples over the last 12 to 18 months….
While much of the publicity surrounding private equity centers on mega-deals, the middle market actually accounts for more than 70% of all PE buyouts and 66% of the capital invested in PE transactions. It is far-and-away the largest segment of the private equity deal-making environment and a safe bet that when the middle market is…