Indemnification Caps Fall

March 22, 2018

Indemnification caps on private equity sponsored transactions valued from $10 million to $250 million fell from 15.9% to 12.1% according to the GF Data(R) Spring 2018 Key Deal Terms Report.

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High prices force private equity firms to retool strategies

February 20, 2018

The middle-market model has fallen victim to its own success in some ways over the last few years. As investing in small, growing companies has proven lucrative, more and more players have entered the fray. These days, mid-market private equity firms face competition from bulge bracket PE firms heading downstream, large corporations looking to accelerate growth, fundless sponsors doing one-off deals and family wealth offices bypassing PE firms to invest directly. Fundraising has been robust, which means there’s a lot of money chasing the best deals. That, in turn, has driven up prices. To prevail, many PE firms are re-calibrating their approaches, often by lowering expectations for returns, lengthening hold times and accelerating the closing process.

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The Exciting Game Without Any Rules

February 15, 2018

Valuations on middle-market private M&A transactions continued their torrid upward surge in the fourth quarter, according to GF Data’s just released February report.

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Multiple Reasons Valuations Seem High

December 19, 2017

There’s no question that deal valuations are at a post-recession peak, yet many middle-market deal-makers suspect prices are even higher than the data suggest, in large part because of the characteristics of the businesses they’re buying, such as size and industry niche.

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Getting High – Private Equity Professional

December 11, 2017

GF Data has recorded average valuations on private middle-market transaction surging into record territory over the course of this year, yet we continue to hear from subscribers and other deal professionals that these unprecedented multiples seem low in comparison to their own market experience.

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Fifty Shades of Unsustainable

Nov 29, 2017

Valuations and debt levels on middle-market private M&A transactions achieved record highs in the third quarter, according to GF Data’s just released November report.

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