(Charlotte, NC — April 23rd, 2019)
Median Size of U.S. Secondary Buyouts (SBOs) Has Nearly Doubled Since 2015
Source: Pitchbook
What We’re Reading
Below are links to recent articles we found interesting (no partnerships expressed or implied).
Big Banks Reach for Small Deals as Merger Boom Slows
(WSJ) Investment bankers across Wall Street are tripping over themselves, and sometimes each other, to win business advising smaller companies on deals – assignments they would have scoffed at a few years ago. Firms are hiring bankers in cities like Dallas and Atlanta and cozying up to a different set of corporate executives.
Your Capabilities Need a Strategy
(BCG) Businesses today are competing in an increasingly diverse set of environments: across multiple dimensions, the range of conditions faced by different businesses has increased dramatically since the 1980s. Strategy cannot be one-size-fits-all: to succeed today, leaders must understand how to match their approach to strategy and implementation to the specific environment for each business.
What Every Investor Needs to Know About Blockchain
(BCG) While blockchain is still an emerging technology, its reach is likely to be pervasive. Investors should continue to monitor their current and prospective holdings to see where their businesses can gain or hedge against potential disruptions. By focusing on where blockchain can relieve persistent pain points, understanding what it takes to achieve scale, and avoiding excessive concentration in still-evolving models, investors will be in the strongest position to profit from this exciting and disruptive technology.
Private Equity Firms Carve a Challenging Path in the Consumer Sector
(WSJ) Many consumer-focused private equity firms spent recent years chasing fast-growing breakout brands, but these days more are shifting their focus to a different animal: corporate divestitures.
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