Multiple Reasons Valuations Seem High

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.

Read More


Getting High – Private Equity Professional

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. It seems like a good time to address the true state…

Read More


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.

Read More


Key Deal Terms: The Market’s Canary in the Coal Mine

Oct 31, 2017

When today’s extended sellers’ market finally begins to retreat, the bellwether will be a tightening of key deal terms, such as an increase in sellers’ liability levels, which will precede an eventual drop in purchase prices, according to the CEO of GF Data.

Read More


Indemnification Caps the High Water Mark

Oct 20, 2017

Based on analytical reports and anecdotal evidence, the protracted seller’s market in M&A has shown no signs of receding. Like many deal professionals, we believe that key deal terms are a lagging indicator in a seller’s upmarket and a leading indicator in a down one, and therefore will show the effects of a contraction before they are reflected in valuations.

Read More