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.
Taking the Pulse of Middle Market Investment Banking
Gabe Galvez is the Founder and CEO of CAPTARGET, an innovative ...
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 ...
2015 May Be Biggest Year Ever for M&A
But don’t take our word for it: “Companies are merging ...
Are You Looking to Exit? The M&A Market is Ready for You.
The M&A market for 2015 is looking bright – kicking off with a stellar start. According to Thomson Reuters, Q1 2015 saw over $854 billion in activity – the strongest quarter since 2007. Mid-market (deal valuation up to $500 million) deal volume was at $188.4 billion, with a year over year increase of 6.2 percent. From all indications, M&A will continue to be a leading growth strategy for companies, with rich exit multiples.
Perspectives on M&A 2015
In today’s deal climate, we are likely to see more ...
