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.
After a record 2021, the food and beverage (F&B) industry continued to experience strong M&A activity in 2022.
Washington, DC, (February 13, 2023) – FOCUS Investment Banking (“FOCUS”), ...
Private equity has been an important source of capital for businesses of all kinds seeking growth.
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.
The amount of capital available on the sidelines to invest in private companies, however, has never been greater
In this installment, we discuss the importance of continuously honing your competitive advantage, the value of an opportunistic mindset, and the usefulness of documented systems.
The core principles that built the original GCR organization still resonate today
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After losing more than 25% in our fall report, the FOCUS Communications Service Provider Index (CSPI) turned things around and managed to deliver a three-month gain of 10.0%. This was better than the three-month gain for the S&P 500 of 7.1% and far superior to the 1.0% loss in the NASDAQ. Even so, the CSPI’s year-over-year performance remains dismal with a drop of 34.3%. This underperformed both the 19.4% loss in the S&P 500 as well as the 33.1% drop in the NASDAQ over the 12-month period. Sub sector multiples also dropped considerably compared to this time last year, falling from 2.7x revenue and 7.6x EBITDA a year ago to 2.2x revenue and 6.2x EBITDA currently.
The global pet industry has grown dramatically in recent years, despite the downturn in the world economy, driven by increased adoption rates, humanization trends among owners, and e-commerce penetration. The industry has proven to be largely recession-resistant while underlying trends support continued growth in the future, regardless of overall economic conditions.