What role does Working Capital play in M&A transactions?
Working capital in M&A is a somewhat neglected and misunderstood topic. Buyers and sellers often have different expectations. As a result, we recommend that this topic be addressed early in negotiations, and definitely before signing an LOI. The LOI should clearly...
US PE Breakdown – Q2 2021
Published by Pitchbook US PE on pace to set records across the board Last year during the height of the COVID-19 pandemic, the US private equity industry was in full crisis mode as investors tried to keep portfolio companies in battered industries afloat. But just a...
Private-Equity Deals for Information Technology Soar as Companies Modernize Infrastructure
By Angus Loten, WSJ, CIO Journal Private-equity investments in technology soared in the final months of 2020 as investors sought to take advantage of a rise in corporate IT spending. Investors spent $65.17 billion last year on 2,138 private-equity deals with...
Is This a Good Offer?
BY CRISTIAN ANASTASIU Most certainly every business owner who has considered selling their business and has received offers has asked themselves: “Is this a good offer?” Leading to the inevitable question of: “Should I accept it?” Often during an engagement our...
Private Equity Could Face a Reckoning as Power Shifts in Congress
By Adam Lewis, PitchBook After years of operating with minimal government intervention, the US private equity industry could face new regulatory scrutiny in 2021 and beyond. Democrats now control both chambers of Congress and the White House, giving progressive...
Top valuation step-ups of 2020 dominated by fintech, lockdown friendly names
Silicon Valley heavyweights like Stripe, Chime and Instacart rode a wave of investor enthusiasm for late-stage companies that were better able to weather the pandemic due to evolving consumer demands and business needs. That ultimately translated into bigger funding...
Gartner Says Worldwide IT Spending to Grow 4% in 2021
Worldwide IT spending is projected to total $3.8 trillion in 2021, an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. Analysts discussed the outlook for the global...
Vendors Pressuring Partners to Move to Services, Says Canalys
Vendors might be pushing consumption-based IT services too hard on their partners, according to channel analyst firm Canalys. As a result, tensions exist between vendors and the channel, says the research firm’s CEO, Steve Brazier. “Vendors are desperate to go to ‘as...