Advisors reported an uptick in seller confidence, although still well off previous peaks. (A seller’smarket occurs when demand exceeds supply. In a seller’s market, buyers compete in order to windeals. This typically translates to increased values and more favorable deal terms for the seller.)
At our WATT meeting this morning, we took a meaningful break from business updates to discuss an important issue that affects all women: menopause, perimenopause, and postmenopause. We learned valuable strategies for supporting ourselves, our sisters, and other women during this pivotal time in our lives. A heartfelt thank you… Read More »Delightful Women At The Top Meeting
Multiples remained consistent across the Main Street market. Meanwhile, advisors reported a meaningful increase in multiples (up a half percentage point or better, year over year) in the Lower Middle Market.
On average, sellers are receiving valuations at 85% of benchmark or better. As is the trend,businesses in the Lower Middle Market performed the best, receiving all or nearly the privatebenchmark they set with their advisors before going to market.
Another fantastic evening at the Integro Bank CEO Club last night. Jack Selby gave an insightful presentation on private equity (PE) and how venture capital (VC) can be vastly different. Jack Selby, the managing partner at AZ-VC, which happens to be the biggest venture capital fund in Arizona, delivered an… Read More »Jack Selby at Integro Bank CEO Club
Thank you, ladies, for an amazing morning! A huge welcome to our newest Women at the Top – Wendy Look and Heather Locke. Dawn Kennington-Bejar, your idea of bringing creosote, chamomile, white tea, and olive oil for our senses to enjoy was amazing. Our food journey, from Cleopatra’s use of… Read More »Amazing Morning at WATT
Multiples remained relatively consistent across market sectors, with one notable exception. Advisors reported that businesses with enterprise value of $5M-$50M received an average valuation of 5.3x EBITDA, a meaningful jump over last year, but still down from the red hot market in Q4 2021.
On average, sellers are receiving valuations at 86% of benchmark or better. As is the trend, businesses in the lower middle market performed the best, receiving nearly all or above the private benchmark they set with their advisors before going to market.
“It’s difficult to say how election cycles impact M&A, as political policies don’t operate in a vacuum,” said Scott Bushkie, President of Cornerstone Business Services. “However, business owners generally expect a Democrat-led government will raise taxes. If the winds appear to be blowing that way, we could see more sellers… Read More »What will increase M&A Activity in 2024?
The lending environment is critical. If these dynamics shift, we hope to see lenders get a bit more flexible and increase their appetite for risk.