News & Knowledge

(Charlotte, NC – March 6, 2019) Pitchbook recently published its 2018 Annual U.S PE Breakdown Report. We found the following market trends particularly interesting: Median U.S EV / EBITDA Multiples During much of the year, PE firms enjoyed continued easy access to affordable debt financing. However, recent months have seen a decline in the outflow… Continue Reading

(Charlotte, NC – February 19, 2019) US PE Middle Market Activity Source: PitchBook Data *Estimated as of December 31, 2018 What We’re Reading Below are links to recent articles we found interesting (no partnerships expressed or implied). Dwindling ‘Debt Cushions’ Threaten Safety of Leveraged Loans (WSJ) At the end of 2018, roughly 27% of first-lien… Continue Reading

(Charlotte, NC — February 5th, 2019) A 2018 Ernst & Young Global Corporate Divestment study revealed that 71% of respondents who recently made a major divestment said the sale was prompted by an opportunistic or unsolicited offer. It is likely that a majority of those unsolicited offers came from Private Equity investors. Additionally, a recent Pitchbook M&A… Continue Reading

(Charlotte, NC – December 11, 2018) The current M&A environment of low interest rates, high leverage levels, and high multiples has increased competition between corporate and private equity buyers and, in some cases, caused corporate buyers to shy away from competitive processes altogether. While acquisitions can and should be an important tool to generate growth… Continue Reading