The Verdict at Six Months: “Slow but Steady Sets the Pace”
For the balance of 2016, three broad factors are likely ...
Mid-Year, Middle Market M&A May Be on Track to Deliver Rare Opportunities
The current year is full of firsts. In addition to ...
Five Steps to Crossborder Deal Success*
The global economic outlook for 2016 and beyond is highly ...
Innovation and the Future of Stroke Rehabilitation
In this article, in addition to discussing biopharmaceutical developments of interest to the market, we will review some recent stroke rehabilitation strategies as well as the current definition of stroke symptoms and risk factors.
What Middle-Market CEOs Need to Know Now: Part 2
Q: What does it mean to be a “platform company?” Should a business owner aspire to be a platform company? WILFONG: First, a business owner needs to develop his company with a good management team, a good customer base, and all those things that comprise a successful company. At that point, the business owner is not really thinking about whether the company is going to be a platform for a portfolio and for add-ons.
What Middle-Market CEOs Need to Know Now: Part 1
Q: In 2015, we heard a lot about how favorable the market was for acquisitions. What’s happening with deals in investment banking now? WILFONG: Indeed, 2015 was a very robust year for deals in the lower middle-market space which FOCUS defines as companies that do up to 250 million in revenue. This activity was driven by a couple of factors...
What Will Drive Dealmaking in 2016?
As demonstrated by 2015 results, FOCUS believes US M&A is ...
Jonathan Wilfong of FOCUS Investment Banking Joins Patrick Renn of Renn Wealth Management Group on Business Radio’s CEO Exclusive to Discuss Emerging Trends for Middle Market CEOs.
This 42 minute interview shares the expertise of Jonathan Wilfong and Patrick Renn while discussing various business issues and trends of interest to middle market business professionals.
FOCUS: Consolidation in 4,000-outlet paint jobber industry echoes auto body trends
The heavy consolidation trend in the collision repair industry continues to be mirrored in the 4,000-outlet, $4 billion paint refinish distribution segment, a new FOCUS Investment Banking report notes. “There are multiple buyers, many willing sellers, cheap capital and attractive prices,” FOCUS Managing Director David Roberts wrote in a recent study.
Large M&A Sellers Consistently Get Higher Prices than Small Sellers
2015 FactSet statistics show that large M&A transactions had higher value multiples than small deals—and the premium is about 30 percent. Median EV/EBITDA multiples for deals exceeding $250 million approximated 12.4x, while the ratio for middle-market transactions was 9.5x. This phenomenon of higher multiples for larger deals has been persistent over time.