Pitchbook reports that PE to PE deals are dominating the market
Here’s an interesting factoid reported today by Pitchbook about the current market for buying and selling private firms–and, as we’ve all noticed, more and more of them are private equity firms buying from private equity firms:
Secondary transactions, or sales from one PE investor to another, have exploded this year. So far in 2010, there have been 121 [...]
Middle market deal volume continued to increase in 3Q 2010
Recent data from GF Data Resources reveal “deal volume for 3Q edged upwards from 30 deals in 2Q to 33 completed transactions for the quarter,” indicating a climb “toward the peak volume of about 50 deals per quarter through 2006 and the first half of 2007. “The third quarter of 2010 was, by all measures, [...]
Do you think merchant service providers really want to help you grow? Ha…
Businessvaluation.com enjoyed a recent post from Ami Kassar at Multifunding on a dumb promotion from Chase that reduces hour interest rate on business credit cards if you hire more people. It’s a typically ridiculous administrative nightmare that offers no value in the end. Surprise! You’d do better spending the time trying to win new [...]
Pepperdine survey: what rates of return do PE’s, VC’s, banks, and other financiers expect?
John K. Paglia and the Graziadio School of Business and Management at Pepperdine University is conducting their ongoing private cost of capital survey, a research survey pertaining to privately-held companies and the markets in which they raise capital. The survey “examines the behavior of senior lenders, asset based lenders, factors, mezzanine funds, private equity groups, angel investors, [...]
Selling your company to management sounds like a good idea, but…
by Dave Kauppi, CBI, principal at MidMarket Capital Advisors, LLC
Many owners think that selling their company to their management team is a great way to reward loyal employees for years of service. This article discusses difficulties the owner’s exit planning team will have implementing a management buy-out and puts forth an alternative approach which accomplishes [...]
Dreaming of an IPO? Perhaps “plan B” might be a better idea?
David Weild and Edward Kim (both from Grant Thornton) map the demise of the IPO market in their newly updated study “Market Structure is Causing the IPO Crisis.” Among their current findings:
The IPO crisis has worsened. “The first six months of 2009 represents the worst IPO market in 40 years.” During that time, only 12 companies [...]
Having trouble selling your minority shares? Try these new “secondary markets”
Adam Oliveri, Managing Director for SecondMarket, told commercial lawyers at the ABA Business Law Sections annual meeting in Denver last weekend that “the public capital markets are broken.” This comes as no surprise to BV.com readers!
SecondMarket is one of the new centralized sales platforms for illiquid assets, and here’s some evidence from Oliveri regarding [...]
VC funders are still comatose
At least that’s what we hear from one anecdotal response posted at the Pepperdine Private Capital Markets Project. Andrew Eros, Managing Partner and COO of Ranger Precision, tells this story:
We went through 42 groups in 6 months and just signed a term sheet. We consider ourselves very fortunate based on the attitude of the [...]
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