September 4, 2019
We are seeing valuations remain at unprecedented levels. But that does not mean every business is being valued as highly as it was a year ago. Some industries – auto parts, building products – have started to flag based on concerns about the economic cycle or trade policy. Others – health & wellness, direct-to-consumer – continue to find room to surge. What are the differentiators between the two groups? It isn’t just industry, but often sub-categories within industries getting different receptions from buyers and lenders.
May 28, 2019
As the current M&A cycle in the lower middle market marches onward, first-quarter 2019 data shows the continuation of a familiar pattern, where valuation multiples bounce off the ceiling set by leverage availability and willingness of sponsors to over-equitize transactions (or not), according to GF data’s recently published May report.
March 11, 2019
GF Data’s recently released year-end report (Easy A’s and Killer B’s) theorized that a value environment remaining steady at unprecedentedly high levels is actually more complex than the surface suggests – that there are competing cross-currents beneath the unchanging water line. We thought it would be interesting to see how this theory holds up.
February 20, 2019
Headlined by a near-record valuation mark of 7.8x Trailing Twelve Months (TTM) Adjusted EBITDA, completed deal activity in the fourth quarter of 2018 showed that there is plenty of “oomph” remaining in this extended seller’s market, according to GF Data’s just-released February report.
August 21, 2018
Valuations and debt levels remained aloft in the second quarter of 2018, according to GF Data’s just-released August report. At the same time, the data tracking firm saw a drop in completed deal volume that defies the general sense of an enduring red-hot market.