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White Paper: Can the  U.S. Bring Semiconductor Manufacturing Back to its Shores (and Should It)?

It's no secret that the U.S. has lost millions of jobs over the last three decades, about five million jobs since 2000. The U.S. used to dominate manufacturing of cars, electronics, textiles and other products. Both low and high tech manufacturing jobs have been relocating to mostly Asian countries, especially China. Although this has been an important issue for decades, it has taken on added importance recently due to three main events ...
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FOCUS Carrier-Focused Telecom Technology Quarterly: Fall 2021 Report

Public Markets

The FOCUS Carrier-Focused Telecom Technology Index (CFTTI) continued its trend of strong gains with a 7.2% increase in our fall reporting period. While strong, the gain still lagged the broader indices as the S&P 500 was up 7.6% and the NASDAQ was up 11.0% over the same time frame.The CFTTI also turned in an impressive 12-month gain of 28.9%. Even so, the sector still came in slightly behind both the 29.2% gain in the S&P 500 and the 29.6% gain in the NASDAQ. Sector multiples continued their upward trend and closed out the period at 2.8x revenue and 13.3x EBITDA. These compare very favorably to year-ago multiples of 2.3x revenue and 11.5x EBITDA.

FOCUS Industrials and Energy

One of the most experienced middle market investment banking teams in the country

Welcome to the FOCUS Industrials and Energy Group. Leveraging years of industry specific transaction experience, our bankers can confidently advise on mergers, acquisitions and raising capital for growing businesses across the industrial and energy Industry. FOCUS clients benefit from our extensive industry relationships and inside knowledge of current valuations and deal structures.

FOCUS Telecom

A highly seasoned and knowledgeable investment banking team dedicated to assisting middle market owners realize their goals

The FOCUS Telecommunications Technology and Services Group has a 10+ year track record of guiding our clients through successful transaction processes. Our team has a combined 30+ years of industry experience and a deep network of relationships with acquirers and investors in the space. We come from senior positions at leading middle market and boutique investment banks and can help owners make complex decisions and find the right partner at the right time.

FOCUS Managed Service Providers

A highly seasoned and knowledgeable investment banking team dedicated to assisting middle market owners realize their goals

FOCUS’ MSP Team executes on a customized strategy tailored to meet each client’s objectives. We work with equal ease on the sell-side and the buy-side, bringing deep industry expertise and years of transaction experience to every engagement.
FOCUS E-commerce Practice

FOCUS e-commerce

One of the most experienced middle market investment banking teams in the country

Welcome to the FOCUS E-commerce Group. Leveraging years of industry specific transaction experience, our bankers can confidently advise on mergers, acquisitions and raising capital for growing businesses across the e-commerce Industry.

FOCUS Software & IT

One of the most experienced middle market IT investment banking teams in the country

IT is the oldest and largest FOCUS industry practice. It was founded 16 years ago by former industry CEOs who continue to run and grow the practice. We can help our clients navigate through complex decisions because we’ve been there, as owners and operators.

FOCUS Advanced Manufacturing

A highly seasoned and knowledgeable investment banking team dedicated to assisting middle market owners realize their goals

We are one of the largest industry practices at FOCUS. We come from leadership positions in industry ourselves and can help owners make complex decisions and find the right partner at the right time.

FOCUS Healthcare

One of the most experienced middle market investment banking teams in the country

Welcome to the FOCUS Healthcare Group. Leveraging years of industry specific transaction experience, our bankers can confidently advise on mergers, acquisitions and raising capital for growing businesses across the Healthcare Industry.
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FOCUS Enterprise-Focused Telecom Technology Quarterly – Summer 2021

Telecom Investment Banking

Public Markets

The FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) delivered a strong return of 12.6% over these past three months. This outperformed both the S&P 500 and the NASDAQ, each of which gained only 5.1%. For the past 12-months, the sector delivered very similar returns to the broader indices. The 34.8% year-over-year return in the EFTTI is slightly above the 34.5% gain in the S&P 500, but slightly lower than the 37.4% return of the NASDAQ. Sector multiples are up considerably compared to this same time last year. The sector revenue multiple increased from 5.3x to 7.0x, while the sector EBITDA multiple increased from 20.7x to 27.4x.