FOCUS Investment Banking Named #1 Lower Middle Market M&A Advisor In Q2 2023
Washington, DC, (July 27, 2023) – FOCUS Investment Banking (“FOCUS”) ...
In a Challenging Environment, Seize Opportunities to Grow
As economic headwinds continue to squeeze the food & beverage ...
Building a Moat: Part II
In Part I of this series we talked about what ...
FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report
After posting a solid gain in our winter report, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) dropped 2.2% in our spring reporting period. This was slightly better than the 2.7% drop in the S&P 500, but worse than the 0.1% decline in the NASDAQ. The EFTTI is also down nearly 14% compared to this time last year. Over this time period, the EFTTI lagged the 9.2% decline in the S&P 500 but outperformed the 16.7% drop in the NASDAQ. Sector multiples are also lower than they were at this time last year. The sub sector revenue multiple dropped sharply from 2.5x to 2.1x, while the sector EBITDA multiple posted a more modest decline as it fell from 11.9x to 10.6x.
Recession-Resistant Beauty Market Fuels M&A
While many consumer industries are bracing for a recession amid rising prices, the beauty business seems set to roll along nicely.
FOCUS Enterprise-Focused Telecom Technology Quarterly: Winter 2023 Report
The FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) experienced another disappointing reporting period with a three-month drop of 2.4%. This loss was in stark contrast to the broader indices as the S&P 500 and NASDAQ were up 5.3% and 5.4%, respectively. The EFTTI is also trading 19.0% below the levels of a year ago. This significantly underperformed the 9.7% loss in the S&P 500 but was roughly in line with the 18.7% decline in the NASDAQ. Sector multiples closed out the period at 4.6x revenue and 19.5x EBITDA. Both of these are lower than the corresponding multiples of a year ago of 6.1x revenue and 23.4x EBITDA.
Business Services 2022 M&A Report
Business Services middle market mergers & acquisitions slowed in 2022, at least compared to 2021's record and probably unrepeatable volume.
Are You Standing Out (In a Good Way?)
After a record 2021, the food and beverage (F&B) industry continued to experience strong M&A activity in 2022.
How private equity is consolidating the tire & service market
Private equity has been an important source of capital for businesses of all kinds seeking growth.
Mergers & Acquisitions in the Booming Pet Industry
Most people love pets…and most pet owners love to spoil them. That in a nutshell explains what’s driving the booming pet business, and the associated surge in industry M&A.
