The Economy Resuscitates, Stocks Gain, Rates Rise, Inflation Grows — Heightened Volatility and Potential for Big Market Swings Likely
In 2017, there is cautious optimism for accelerating U.S. and global economic growth, improving corporate fundamentals, modest stock gains, and higher yields on expectations of fiscal stimulus and regulatory policy easing.
Full-on optimism is tempered by the rippling effects of rising inflation, a stronger dollar, weak credit markets, uncertain commodity pricing, and game-changing political events that raise the potential for big market swings.
GE Aviation announced March 27, 2017 that it has acquired Critical Technologies, Inc., branded as AirVault®, a privately-owned supplier of cloud-based digital records management. AirVault’s expertise to digitally manage mission-critical records across an industrial supply chain network strengthens GE’s ability to focus on asset lifecycle management and maintenance optimization for the aviation industry.
In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) rebounded from the loss we reported in our winter report to deliver a strong return of 12.6% for our spring reporting period. This gain outperformed both the 7.5% gain in the S&P 500 and the 9.4% gain in the NASDAQ over the corresponding three-month period…. Read more »
According to a February 2017 McKinsey & Company article, “Keeping your deal team small ensures confidentiality, but pinpointing synergies requires bringing more people on board…Making sure that large M&A deals create value is as much about knowing whom to involve—and when—as it is about knowing how to capture synergies. The larger the deal, the more… Read more »
Following a slow start at the beginning of 2016, the US M&A market demonstrated its resilience. Uncertainty around some high-profile broken deals, the UK’s Brexit vote, and the US Presidential election has washed out of the market and the outlook for 2017 is positive. These four broad factors are likely to set the tone for… Read more »
In public markets, our winter reporting period saw a 3.3% gain in the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI). While certainly a solid performance, the sector’s performance did lag the broader markets by a wide margin as the S&P 500 gained 7.2% and the NASDAQ gained 8.2% over the corresponding time period. However, the EFTTI… Read more »
Transaction is second largest acquisition in refinish paint distribution industry. Washington, DC (January 31, 2017) — FOCUS Investment Banking, the leading advisory and intermediary firm in the automotive services sector, is proud to announce that D’Angelos Automotive and Industrial Coatings and its 14 locations have been acquired by FinishMaster, Inc, a subsidiary of Uni-Select, Inc…. Read more »
Looking back, it was a very good year. In 2016, 14 closed deals demonstrate the solid expertise of FOCUS both in the spectrum of sectors engaged as well as in the variety of strategic services successfully deployed. In 2017, we anticipate a climate rich in M&A deal-making opportunities. According to Mergers & Acquisitions, “For companies… Read more »
In the December 2016 FOCUS Newsletter, I described the collaboration between FOCUS and Aeternus Corporate Finance, and the resulting opportunities we have uncovered to pursue business together in industries that span our borders. As you may recall, Aeternus Corporate Finance is an independent investment bank providing M&A and corporate finance advisory services to mid-sized companies… Read more »
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 2016 Deals in the GAD Sector Performance: S&P 500 vs. GAD Government Sector Q4 2016 Aerospace Sector Q4 2016 Defense Sector Q4 2016 M&A Activity in the… Read more »