Large security industry deal highlights other smaller private equity deals
Bain Capital and Hellman & Friedman have agreed to acquire Securitas Direct from EQT for $3.2 billion, with an additional $138.6 million performance contingency thrown in. This deal was reported this morning by Pitchbook, BVR’s partner for the Guideline Public Company Comp Tool. Pitchbook tracks private capital deals–providing this summary of activity in the security markets over [...]
Deal volume in the lower middle market levels off
Middle market deal volume slowed in the first quarter, according to GF Data Resources’ Q1 Middle Market Update. However, valuation and debt multiples remained unchanged, and average pricing “held steady at 6.1x trailing twelve months adjusted EBITDA for the third consecutive quarter.” For more information contact Bob Wegbreit at bw@gfdataresources.com
More power to the Public Stats subscriber
Public Stats at BVMarketData has just added even more functionality to its search engine. In response to user requests, visitors and subscribers can now search the over 2,800+ public company acquisitions by the buyer and seller names. In addition to the buyer and seller information, subscribers also gain access to five valuation multiples, an income [...]
Don’t look to private equity for positive valuations
Here’s a startling analysis of the investment returns and cost of capital for the “best and the brightest” owners of private companies–private equity fund managers and their wealthy individual and institutional investors: you’ve lost a ton of money since 2002 and you may be running out of cash. A negative cashflow of over $250 billion, [...]
Pratt’s Stats nears a total of 20,000 deals
Pratt’s Stats, including Public Stats, will cross a major milestone later this year–20,000 deals. As always, each transaction: is peer reviewed (thousands of analysts use these transactions each month) has a link to the source SEC documents if a public filing was completed has complete financial statement information (as compared to DoneDeals, for instance) [...]
The newest market data resource: eBay??
Forget Pratt’s Stats. Forget the IBA database. Forget RoyaltySource. Now there’s a new way to find out what intellectual property is worth! Traffic Sports USA, the Miami-based extension of Traffic Group, a Brazilian company, announced last week that had acquired the rights to the Carolina RailHawks brand. The RailHawks are a professional soccer [...]
BIZCOMPS gets more deals and improved User Guide
Jack Sanders just finished his end-of-year update, adding recent deals to the BIZCOMPS database. There’s also a new and improved User’s Guide as well.
Which law firm participated in the most private market deals in 2010?
Skadden Arps wins–or so reports the Mergermarket Group. They’ve also issued a 2010 summary that joins the ranks of very optimistic analyses of the return of the merger and acquisition marketplace. Highlights of their data include: Global M&A up 25% from 2009 Strongest year for private equity buyouts since 2007 Cross-border deal flow up 73% [...]
Damodaran and the new “single transaction” value of Facebook
Referring to the big news that Goldman Sachs invested in Facebook, Aswath Damodaran asks, on his blog Musings on Markets: Can you extrapolate from a single transaction amount to an overall value? “Sure, as long as the transaction is an arms length one and all you are getting in return for your investment is a [...]
The NY Times plugs the BV profession—and the high quality of middle market private company financial information in Pratt’s Stats
Referring to Inc. magazine’s recent article “2010 Business Valuation Guide” Times blogger Barbara Taylor says “it’s no secret that this is a lousy time to try to sell your business…and main street businesses have been hardest hit.” BVR’s Adam Manson told Taylor that “acquisitions are recovering more favorably for companies with revenues over $5 million.” Manson [...]
Share your thoughts...