Charles Paikert’s Post

Great article by Charles Paikert, uncovering the complexities behind seemingly impressive multiples in M&A. Read the article today to gain insights from Alaris' CEO, Allen Darby, into what these deceiving multiples truly signify: https://lnkd.in/ejAmYHGK

I was pleased to share my thoughts with Charles Paikert of Barron's Advisor on how transaction multiples can be misleading as a result of the earnout structure. Read on!

Since late 2023, we've been hearing a lot of optimism for both the M&A and #IPO markets. Just because you wish it to be so, doesn't necessarily make it so. What is the latest update for M&A and IPO activity in May 2024? ·     2024 M&A activity has not picked up as expected – although we are seeing more deals (by $ and volume) than 2023, including greater activity from strategics (as both buyers and sellers) and for carveout deals; ·     2024 IPO activity is seeing a slight uptick (as NASDAQ and NYSE valuations across many sectors are seeing increases buoyed by strong employment numbers and consumer confidence); ·     With the “higher longer” interest rate environment, #PrivateEquity still sits meaningfully on the sidelines, particularly for larger #LBOs with higher costs of capital; ·     Private Equity does continue to pursue deals in the lower-middle market and middle market, particularly for add-ons with little-to-no leverage; ·     Like 2023, “structure” continues to play a key role to bridge valuation gaps between buyers and sellers and to reduce leverage – with seller paper, rollover equity, preferred equity and minority investments remaining prevalent; ·     We expect to see significant activity in the areas of energy transition and AI, from both strategics and Private Equity; ·     PE has historically taken a keen interest in healthcare & lifesciences; however, regulators are increasingly focused on PE’s roll-up strategy in these areas which may dampen activity; ·     Dual-track M&A and #IPO pre-activity is starting to pick up (signs of life?); ·     When interest rates drop, expect a flood of M&A activity, especially from Private Equity (as both buyer and seller). More on how to play the “Dual Track” here (and please join us on May 22): https://lnkd.in/gvFPu9H9 Be well. Winston & Strawn LLP #MandA Michael J. Blankenship, Matt Stevens, Eric Johnson, Keerthika Melissa Subramanian

Our M&A and Capital Markets Leader, Michael Morrow, CPA, CA, CFA, had the opportunity to speak to BNN Bloomberg on what we learned from deals from 2023 and what to expect in 2024. While it was a quiet year for M&A activity, there is a strong likelihood it will rebound in the latter half of 2024 as uncertainties around the economy begin to clear. Michael shares more detail on the reasons behind this growth and identifies the sectors that could lead the rebound: https://lnkd.in/grRE_D3i #bdoproud #privateequity Michael Morrow, CPA, CA, CFA

Spot on about differentiation! In the context of cloud engineering, how can startups balance showcasing cutting-edge tech expertise with maintaining cost-efficiency to appeal to investors?

Exciting news! I recently shared my predictions for mergers and acquisitions in 2024 with Forbes. Overall, we should expect increases in private company funding and M&A in light of 5 macroeconomic trends. Check out the full article here to read more: https://lnkd.in/gTxhYz9c #MergersAndAcquisitions #PrivateCompanyFunding #EconomyTrends #ForbesInsights

Proud to play a small role in restocking the pond of newly minted RIAs that are helping fuel the ongoing (and durable) M&A boom.    “Despite consolidation pressures and record levels of acquisition activity, the reality is that the number of RIAs continues to increase, with new formations outpacing consolidation. In 2022, there were approximately 15,100 individual SEC-registered investment advisory firms, up from about 11,800 in 2016. Deal activity (measured as a percentage of total RIAs) rose from about 0.7% to 1.7% over this period—a dramatic increase, yet not enough to offset new RIA formation.”  #mergersandacquisitions #financialadvisors #financialservices #wealthmanagement

Corporate Advisory Partner Brent Goldman speaks with ausbiz on the trends impacting Australian Mergers and Acquisitions (M&A) for the next financial year. Our Q4 report on mid-market M&A, shows that there is a downward trend in announcements, which has been observed over the past year. This trend mirrors the fluctuations dominated by macroeconomic conditions, such as interest rates and inflation. The situation is further complicated by the global political climate influencing upcoming elections, which can incite greater uncertainty in the markets. Watch the full interview here: https://bit.ly/4bBURpF #NexiaAustralia

Although the notable activity has been megadeals, conditions appear to be improving for the rebound in M&A overall. "Boardroom confidence for dealmaking has improved on the back of strong earnings, potential interest rate cuts this year and an ebullient market." #mergersandacquisitions #transactions #investmentbanking https://lnkd.in/dt6H3gMa

The value of deals announced globally this year (predominantly in the U.S.) is roughly $425 billion, according to data compiled by Bloomberg — a figure that’s up an astonishing 55% versus this point in 2023. Buckle up! #deals #transactionadvisory #mergersandacquisitions #dealmaking #transactions