Thinking Like Owners…
Posted in Private Equity on May 18th, 2012
Deal flow for mezzanine debt continues to move along at a steady pace. Pipelines are so full, in fact, that providers are struggling to keep up and are not closing deals as quickly as they’re stacking up. According to the KeyBanc Mezzanine Debt Quarterly Newsletter, capital levels remain high. Over 65% of issuers surveyed in [...]
Posted in Economic Outlook, Private Equity on Jan 27th, 2012
According to PitchBook, 2011 came to a close with buyout multiples nearly matching 2008 levels. Coming in at 9.1x EBITDA, this marked a sharp increase from 7.3x EBITDA in 2010 and a continued rise for two straight years. At the same time, a recent survey of fund managers found that an increased investment of capital [...]
Posted in Private Equity on Jan 23rd, 2012
2011 brought an increase in buyout multiples, marking the second straight year of growth and exceeding 2006 levels, coming in at 9.05x EBITDA. Debt financing was accountable for much of that, at 6.2x EBITDA, with equity making up 2.8x EBITDA. Healthy balance sheets and a push for growth were two significant factors contributing to this [...]
Posted in Mergers & Acquisitions, Private Equity on Dec 16th, 2011
For the second straight year, the velocity of deal flow continues to rise among private equity firms. While still slower than in 2007, it shows a continued recovery from the bottom of the financial crisis in 2009. In 2007, PE firms averaged a deal every 2.5 months. By 2009 that average had fallen to 4.8 [...]
Posted in Private Equity, State of the Market on Jan 12th, 2011
A recent study by Pepperdine University found that the top issue facing business owners today is access to growth capital. According to the study, 31 percent of business owners cited this as number one. The next highest issue was the economic environment at 27 percent. While business owners expect a ten percent growth in revenue [...]
Posted in Mergers & Acquisitions, Private Equity, State of the Market on Jan 7th, 2011
Last year may not have been spectacular for the private equity industry but modest improvements and moderation marked an upward spin in 2010. Though not the banner years of 2005 to 2007, last year marked a significant improvement over 2009. The upswing appears even better when you consider that a more moderate approach to leverage [...]
Posted in Capital Formation, Economic Outlook, Leading Indicators, Lower-Middle Market, Mergers & Acquisitions, Middle-Market, Private Equity, State of the Market on Oct 26th, 2010
Private Equity funded the second busiest quarter in two years in third quarter 2010. The quarter yielded 316 investments totaling $28 billion, and 97 exits, totalling $16.8 billion. According to Pitchbook, each of those totals represents an increase from third quarter 2009, suggesting that Private Equity may be at the beginning of a recovery stage. In addition to Private Equity continuing [...]
Posted in Lower-Middle Market, Mergers & Acquisitions, Middle-Market, Pet Industry, Private Equity, SDR Ventures Team on Sep 30th, 2010
SDR Ventures is proud to have been a sponsor of the 2010 Colorado CEO Forum, held on September 28th. Over 400 Colorado CEOs attended this year’s event, held at the Seawell Grand Ballroom at the Denver Center for the Performing Arts. The forum featured speaker, Jack Daly, whose message focused on robust growth for organizations [...]
Posted in Capital Formation, Economic Outlook, Lower-Middle Market, Mergers & Acquisitions, Middle-Market, Private Equity, State of the Market, Strategic Planning on Jun 3rd, 2010
As we approach the end of the second quarter, private equity trends continue to show positive signs, giving high hopes for the second half of 2010 and into early next year. Near record levels of dry powder have both investors and entrepreneurs poised as overall deal activity continues to climb. The high capital overhang, about [...]
Posted in Business Coaching, Economic Outlook, Lower-Middle Market, Maximizing Business Value, Mergers & Acquisitions, Middle-Market, Private Equity, Small Business, State of the Market, Strategic Planning on May 13th, 2010
The M&A market continued to rise for the third consecutive quarter, prompting many experts to compare today’s market to 2004. With a significant amount of capital pursuing very few deals, it is truly a seller’s market. One panelist at last week’s ACG Intergrowth Conference, Lazard’s co-chief executive Mike McFadden, stated “Things have changed so dramatically [...]