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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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.

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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.

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Still the Best of Times?

May 25, 2017

It was the best of times… or almost the best of times. This is one takeaway – at least from the business seller’s perspective — from completed deal activity in the first quarter of 2017, according to GF Data’s just-released May report.

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Have Mid-Market Values Peaked?

Feb 21, 2017

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 in a data set that goes back to 2003.

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