Debt Stays in the Driver’s Seat

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.

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Variations on the Theme of Investment Banking

May 19, 2019

Greenberg Variations Capital (GVC), a new investment banking firm devoted to clients engaged in one-off or lightly competitive transactions, has opened for business, according to Andrew Greenberg, GVC’s chief executive officer.

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Easy A’s, Killer B’s and Tricky Seas

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.

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Easy A’s and Killer B’s

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.

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Go Froth and Prosper?

Nov 20, 2018

Middle market deal valuations continued to show signs of plateauing in the third quarter of 2018, according to GF Data’s just-released November report.

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Honey, We Shrunk the Volume

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.

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