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.
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.
Aug 22, 2017
The hallmarks of this extended seller’s market – unprecedented valuations and aggressive debt availability being driven by non-bank lenders – continued unabated in the second quarter of 2017, according to GF Data’s just-released August report.
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.
Feb 13, 2017
In addition to the industry breakdowns, GF Data segregates the universe of observed transactions by size. As expected, within the lower middle market universe, valuation multiples are positively related to size.
Dec 7, 2016
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.
Nov 14, 2016
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.”