Characteristics of SUCCESSFUL Middle Market Transitions The sale of or investment into the company when relative prices for private companies are high. A transaction or investment structure that results in low taxes overall; and the least taxes paid by the business owner. Bullet-proof due diligence: the price on the term sheet is the price at closing. A… Read more »
Articles
Fairness Opinions: Five Factors to Consider When Selecting a Firm to Provide an Opinion
A fairness opinion is a black and white finding from an investment bank or business valuation firm, stating that a transaction (such as a merger or divestiture) is either fair or unfair from a financial point of view. Generally considered a requirement in public deals, a growing number of private, middle-market firms seek fairness opinions…. Read more »
2015 FOCUS M&A OUTLOOK – Conditions: Favorable – Mood: Optimistic
Deal volume and deal value metrics are on the rise in the U.S., and FOCUS believes the M&A market will continue this trend into 2015 – and even beyond. While numerous factors influence the completion of an M&A deal, at every size and in every industry, we believe the availability of capital and the decision-makers’… Read more »
2014 M&A Worldwide Convention
Hosted by Active M&A Experts GmbH, M&A Worldwide held its 21st convention in Düsseldorf, Germany October 23-25, 2014. Forty-eight members from five continents participated and new members from the Netherlands and Belgium were elected. Cooperation between members is growing and through the third quarter, 2014, five deals in which at least two members were involved… Read more »
“Cautious Optimism” and Crossed Fingers Characterize End-of-Year Predictions
In the U.S., The Conference Board Leading Economic Index® (LEI) increased 0.9 percent in October following a 0.7 percent increase in September, and no change in August. According to Conference Board economists, “The LEI suggests the U.S. expansion continues to be strong… the upward trend in the LEI points to continued economic growth through the… Read more »
Market Update: Year-to-Date U.S. Mergers & Acquisitions Market
As of August, the trailing 12-month M&A deal volumes for the entire U.S. market have steadily increased. However, the aggregate deal values associated with these transactions have increased at an even higher rate over this same period, as can be seen in Figure 1 below. The increase in valuation metrics and deal volumes within the… Read more »
Shazam! The World Still Turns Post-Alibaba
For US companies and investors, the September 19th IPO of Chinese technology conglomerate Alibaba truly is a “big ****ing deal,” to paraphrase Joe Biden. It also is the culmination of a behind-the-scenes battle of the exchanges, with the New York Stock Exchange victorious—delivering millions of dollars in fees to brokers, bankers, and attorneys. An added… Read more »
Knowing When To Fold ‘Em
If you’re a Baby Boomer, you remember well hearing Kenny Rogers’ iconic hit, The Gambler. If you’re like me, you’ve often wondered how Kenny’s advice might be applied to important business and investment decisions. If you’re a business owner who has survived our generation’s version of the Great Depression, you need good counsel now more than ever.
Screening for Prevention of Prostate Cancer
The prostate is a walnut-sized gland located between the bladder and the penis. The prostate, along with the seminal vesicles, produces semen, which contains and nourishes sperm and is transported through and out of the urethra during ejaculation. This article focuses on what men can do to diagnose prostate cancer in its earliest stages. Six… Read more »
MSO Consolidation Goes Full Speed – Bigger deals, rising prices, and uncertainty for the future all spurring sales in 2014
Spurred by dramatic growth of large consolidators, as well as many regional and local MSOs, consolidation continues to evolve and impact the collision repair industry. Let’s take a look at the numbers on acquisitions, valuations and markets.