Category Archives: PEP Digest

Have Mid-Market Values Peaked?

John McNulty, pepdigest.com Middle market valuations achieved a peak in 2016, according to GF Data. Overall valuations for private equity sponsored transactions valued between $10 million and $250 million averaged 6.9x Trailing Twelve Months (TTM) Adjusted EBITDA, a record high … Continue reading

M&A Glide Path Continues

Middle-market M&A activity in the third quarter seemed to settle further into the glide path GF Data® has observed over the past couple of years – steady but not overpowering completed deal volume, record valuations and unwavering debt support – according to the data tracking firm’s November report.

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The Age of the B+ Seller

It’s been about a year since I wrote a commentary expanding on the analysis contained in the GF Data quarterly reports. The hiatus brings to mind Albert Einstein’s supposed explanation for why he did not speak until the age of four: “Until now everything was fine.”

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Not So Quiet on the Western Front

Within the GF Data universe of middle-market deal sponsors, the slowdown in M&A activity has been neither as deep nor as prolonged as general industry reports would suggest, according to the deal tracking firm’s second-quarter report.

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The First Quarter Lull: Tacking, Not Veering

Completed deal activity in the GF Data private equity universe was light by any measure in the first quarter of 2016, according to the data tracking firm’s May 2016 report.

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Calling the Crest

by Andy Greenberg, CEO GF Data
published PEP Digest

A question framed by GF Data’s second quarter report, accentuated by the recent tumult in the international and domestic equity markets, and on the minds of deal professionals

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Confluence of Debt

by Andy Greenberg, CEO GF Data
published PEP Digest

The analysis surrounding GF Data’s quarterly reports usually is based on observing some trend or anomaly in the data and then drawing from practical deal-making experience to explain it.

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Where Have All The Sellers Gone?

by Andy Greenberg, CEO GF Data
published PEP Digest

When GF Data published its various year-end reports last month, the analysis seemed to confirm what many business buyers and deal professionals had already drawn from their own experience.

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Forecasting the Capital Markets “Weather”

by Andy Greenberg, CEO GF Data. Deal professionals talk about the capital market environment as obsessively as sailors talk about weather. — published PEP Digest

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Middle Market Deal Activity: Signs of a Thaw?

by Andy Greenberg, CEO GF Data Deal professionals talk about the capital market environment as obsessively as sailors talk about weather. : published PEP Digest …