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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. 
Taking the Pulse of Middle Market Investment Banking
Gabe Galvez is the Founder and CEO of CAPTARGET, an innovative service provider to middle market investment banks, M&A intermediaries and private equity firms. CAPTARGET is in daily contact with a large number of M&A industry participants and has created a comprehensive directory of M&A Intermediary firms, giving Mr. Galvez unique insight into the Middle …
2015 M&A May Pass Records Set in 2000
A whirlwind of wheeling and dealing continues to drive mergers and acquisitions through the third quarter. According to Thomson Reuters, this is the best year for M&A since before the financial crisis. Global M&A activity has risen 38% year-over-year to $2.18 trillion through the first half of 2015.
InvestorPlace reports that “The third quarter was awash in big deals…A great chunk of that deal activity came from U.S. companies, as mergers and acquisitions rose 60% to $987.7 billion. For banking and legal advisers, business hasn’t been this brisk in the first half of a year since 1980…make no mistake — the market loves M&A. A flurry of deal activity signals that companies have confidence in the economy and stock market.” Strategic or Financial: Which Buyer Pays More?
When it comes time to sell the company you’ve worked hard to build, it’s crucial to understand the selling process—especially the types of buyers you might be meeting. Potential buyers fall into two main categories: financial and strategic.
Financial buyers acquire a company primarily for financial return. They place a large emphasis on characteristics including …
2015 May Be Biggest Year Ever for M&A
But don’t take our word for it: “Companies are merging at a pace unseen in nearly a decade. Halfway through the year, about $2.15 trillion in M&A deals or offers have been announced globally, according to Dealogic. That puts 2015 on pace to challenge the biggest year on record, 2007, when companies inked deals worth …
Are You Looking to Exit? The M&A Market is Ready for You.
Perspectives on M&A 2015
In today’s deal climate, we are likely to see more divestitures as buyers and sellers look for more creative ways to be strategic in their growth, according to a recent Deal Value report from Bank of America Merrill Lynch (BAML). Companies are optimizing for growth and streamlining their portfolios with divestitures of noncore assets and …
The Darling of Investment Opportunities—Specialty Chemicals Intermediates
