For the first time in at least a decade, purchase price multiples for middle market buyouts have topped the metric of their broadly syndicated counterparts. LBO Purchase Price Multiples Source: Thomson Reuters LPC
Do holding periods go down from here? For the first time since the crisis, the median holding period for private equity is heading downward. For all exits, the H1 median came in at 5.25 years, a sharp fall from the 6.12 median at year end. Companies that were… Subscribe to Read MoreAlready a member? Log
The majority of banks surveyed reported little change in the last three months with only 13 percent of domestic banks reporting easing terms to larger firms, according to the latest Federal Reserve Senior Loan Officer Opinion Survey. This is up slightly from 10 percent at this time… Subscribe to Read MoreAlready a member? Log in here...
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Spain is often held up as an example of how austerity works, and Markit data published on August 5 provides some support to this view. Markit PMIs for August showed that Spain was leading the way in the eurozone’s economic expansion. There are major questions over the country’s labour market – unemployment remains at stratospheric…
News last month that the New Horizons spacecraft zipped by the former planet Pluto at 36,373 mph, snapping pictures as it went, drew raves from the rocket science community. Our attention was taken by one ironic fact: the probe’s generator runs on plutonium. Rare elements were much on our mind as we’ve tracked the paucity…
One consequence of higher purchase price multiples is more cash equity as a share of buyout capital. Equity contribution for middle market institutional LBOs Source: Thomson Reuters LPC
Another big year in the works The U.S. middle market is heading toward another big year. Through H1, 895 deals worth a combined $159 billion have closed, not far off the pace of last year’s records. This despite another jump in median purchase price multiples, which hit 10.5x through the end of June. Valuations have risen… Subscribe