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2018 Year in Review

2018 YEAR IN REVIEW: A Third Record-Breaking Year!

FOCUS just completed its exciting third consecutive record-breaking year in 2018. We closed 28 deals across 10 industry segments and hosted an annual conference for our 43 Global M&A partner firms. In 2018 we continued to demonstrate the firm’s proven expertise, both across the wide range of sectors we cover, and in the depth of …

U.S. Communications Service Provider Quarterly

Download the FOCUS U.S. Communications Service Provider Quarterly: Winter 2019 Report

In public markets, the past three months was tough on the public markets generally, and the FOCUS Communications Service Provider Index (CSPI) was unfortunately not able to buck the overall negative trend. The only silver lining was that the 7.5% drop in the CSPI for our winter reporting period compared favorably to both the 14.0% drop in the S&P 500 and the 17.5% drop in the NASDAQ. The CSPI remains down for the full year period with a year-over-year loss of 12.1%. After this period’s reverses, the broader indices joined the CSPI in negative territory for the year. The S&P 500 was down 6.2% over the past 12 months, while the NASDAQ was down 3.9%. Sector multiples are down compared to this time a year ago, although the declines were relatively modest. The sector revenue multiple dipped from 2.5x to 2.4x, while the sector EBITDA multiple dropped from 7.7x to 7.3x.
FOCUS Healthcare and Life Sciences Report

Download the FOCUS Healthcare and Life Sciences Report: Winter 2019

Featured in this Issue

Fed Up with Drug Companies, Hospitals Decide to Start Their Own

A group of large hospital systems plans to create a nonprofit generic drug company to battle shortages and high prices

By Reed Abelson and Katie Thomas, The New York Times*

For years, hospital executives have expressed frustration when essential drugs …

FOCUS Government, Aerospace, and Defense Quarterly

Download the Government, Aerospace and Defense Group’s Winter 2019 Report

The latest issue of the FOCUS Government, Aerospace, and Defense Group Report — highlighting aerospace and defense — is now available. The new GAD Report includes:

  • Major Q4 2018 Deals in the GAD Sector
  • Performance: S&P 500 vs. GAD
  • GOVERNMENT Sector Q4 2018
  • AEROSPACE Sector Q4 2018
  • DEFENSE Sector Q4 2018
  • Selected GAD Transactions Q4

Download the FOCUS Carrier-Focused Telecom Technology Quarterly: Winter 2018 Report

In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) increased a scant 0.4% in our winter reporting period. However, this gain looks much more impressive when measured against the performance of the overall market. Over the same time period, the S&P 500 dropped 4.9%, while the NASDAQ dropped nearly 10%. In short, the sector …

Enterprise-Focused Telecom Technology Quarterly

Download the FOCUS Enterprise-Focused Telecom Technology Quarterly: Fall 2018 Report

For public markers, while at first glance the 3.0% gain in the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) might not seem particularly strong, it compares quite favorably to the 3.7% decline in the S&P 500 and the 4.8% decline in the NASDAQ over the same time period. The sector also compares favorably to the broader …

FOCUS Information Technology Quarterly

Download the FOCUS Information Technology Group’s Fall 2018 Report

Featured in this Issue:

Everything You Always Wanted to Know About BLOCKCHAIN*
(*But Were Afraid to Ask)

Blockchain allows digital information to be distributed but not copied, creating the backbone of an ingenious new type of internet. It’s the brainchild of a person or group of people known by a pseudonym, Satoshi Nakamoto. While blockchain …

FOCUS Government, Aerospace, and Defense Quarterly

Download the Government, Aerospace and Defense Group’s Fall 2018 Report

The latest issue of the FOCUS Government, Aerospace, and Defense Group Report — highlighting aerospace and defense — is now available. The new GAD Report includes:

  • Major Q3 2018 Deals in the GAD Sector
  • Performance: S&P 500 vs. GAD
  • GOVERNMENT Sector Q3 2018
  • AEROSPACE Sector Q3 2018
  • DEFENSE Sector Q3 2018
  • Selected GAD Transactions Q3