Articles

Private Equity Professional

The Tide is High, But We’re Holding On

Feb 18, 2021
 

GF Data’s 230 active private equity contributors completed 117 transactions in Q4 2020 meeting the data tracking firm’s parameters – Total Enterprise Value (TEV) of $10 million to $250 million and TEV/Trailing Twelve Months (TTM) Adjusted EBITDA of 3x to 15x.

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Mergers & Acquisitions

Live Cat Bounce in Q3

Nov 23, 2021
 

Back in April, I wrote a commentary titled “Nobody Knows Anything” that described the immediate challenges facing the M&A industry in the wake of a global health crisis that rendered inoperative most methods of business valuation.

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Now We Know Some Stuff

Mergers & Acquisitions

September 11, 2020
Transactions completed in the third quarter of 2020 suggest a market “stunned by the pandemic, but with a cat-like capacity to land on its feet,” according to GF Data, a provider of information for use in valuing and assessing M&A transactions to private equity firms, investors and lenders.

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Private Equity Professional

The Deals Done and Not Done

August 25, 2020

GF Data’s just-released report for the second quarter of 2020 provides a clear view of the M&A marketplace in the months following the onset of Covid-19: Virtually no change in valuations, dramatically reduced volume and dramatically less debt usage.

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Analyzing a Pandemic | GrowthTV

June 25, 2020

Middle Market Growth’s Editor-in-Chief Kathryn Mulligan sits down with Andy Greenberg, CEO of GF Data, a firm that collects proprietary data about private equity-backed transactions, to discuss the data points he’s been watching in the deal environment during the COVID-19 pandemic.

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Who Are You?

May 13, 2020

Last month’s commentary aptly titled Nobody Knows Anything elicited a strong response, mainly in agreement that the conventional methods for valuing most businesses are currently inoperative. If you cannot calibrate risk, you cannot come up with a risk-adjusted view of value. Thus, the deals that were and are getting done fall into a handful of categories in which the investment proposition makes sense notwithstanding the temporary loss of traditional metrics.

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“Nobody Knows Anything”

April 2, 2020

Attempts to gain perspective on the deal market in the midst of coronavirus have reminded me of this ageless observation from the screenwriter William Goldman:

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In the Thermocline

February 26, 2020

In its just-released February report, GF Data turned to an oceanographic term to describe the state of the middle market, noting that all of the action is in the thermocline the layer in deep water subject to significant temperature change even when the surface temperature is changing hardly at all.

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Heading for the Exits

December 10, 2019

As my GF Data partners and I travel the country, one question dominates every conversation regarding this improbably long-lived seller’s market: “What inning is it?”

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