Winding River Consulting’s Post

Eighty-three percent of corporate and private equity executives expect their organization’s M&A deal volume to increase in 2024, according to a recent survey by Deloitte. Economic factors such as easing inflation could point to a potential M&A rebound this year, but uncertainties still abound, experts including PitchBook's Tim Clarke warned. #mergersandacquisitions #inflation https://lnkd.in/eAgUAxVK

2 of the top 10 accounting firms have taken majority PE investment in the past 6 weeks! This will not be the end, with sustainable and growing revenues from the audit businesses and white space to grow consulting revenues these firms make attractive investment opportunities. With valuations at a low point since the boom of consulting spending post-COVID, this trend will continue with a consolidation of firms outside of the Big 4. It is great to see PE money coming into the market and we are going to see some big plays in the next 6 months which will inevitably shake up the industry. #mergersandacquisitions #privateequity #consulting

7 Recent and Upcoming IPOs to Watch in 2024   After two years of headwinds, initial public offerings are starting to pick up steam. Experts say the economy is in a good spot and interest rates will begin to fall sooner than later. Optimism is rising over the U.S. initial public offering market after a couple of years of significant decline.    There were 128 U.S. initial public offerings in 2023, with a cash value of $22.6 billion, according to Ernst & Young. Although it was a slow year for IPOs compared with 2021, it was a step up from 2022, which saw only 90 IPOs with $8.6 billion in total IPO proceeds. Also, several high-profile deals late in 2023 showed that investors are willing to get behind the right companies, Ernst & Young reports.   https://lnkd.in/ewUd_aeA   #srfc Sichenzia Ross Ference Carmel LLP

Hi hope all is well in your 🌍. After reading the latest global insight from EY on the Private Equity market the phrase that stuck out for me was the 'Wait and See mode' that businesses can appear to be in. Although the article is from a global perspective, I do see the indicators in the UK mid market private equity space. The 'wait and see mode' is really businesses feel they are operating in an environment of uncertainty which keeps private and private equity backed businesses locked in a status quo, which is challenging for the PE market. PE firms in response are continuing to focus on acting opportunistically on high quality assets with clear long term secular tailwinds i.e. software, media, logistics and healthcare. All the while continuing to remain focused on pulling all the available operational levers available in their portfolio businesses. What is one difference for some mid market PE houses, compared to some of the large funds, is less ability to expand into additional assets classes such as secondary markets or credit lending to generate fund liquidity. A good read if you can spare a few minutes. #privateequity #PE #transactions #EY #deals #acquisitions

Curious to see the results of our annual survey on M&A fees? Our global guide is coming in the new year. In it you’ll see: 1. What advisors’ most common structures are for engagement and success fees 2. The prevalence of additional terms 3. How firms’ profitability has fared against the pressure to cut fees 4. Advisors’ outlook on fee levels and structures in 2024 Subscribe to get the report delivered to your inbox in January: https://fir.mx/474arIr #mergersandacquisitions #advisoryfees #firmexinsights

Our latest EY report provides insights into the Q2 private equity landscape: ➡️European resurgence powers a 15% surge in PE activity, with Q2 deals amassing US$114b. ➡️A shift in the heart of Europe, as acquisitions rise to over US$38b, more than 4x from Q1.  ➡️Take-private deals: A transition from 68% in Q1 to 42% in Q2. Navigating through unprecedented macro uncertainties, PE firms show resilience, prioritizing high-quality assets especially in sectors showing secular trends and paving the way for the future: software, media, and health care.   Discover more in our new Private Equity Pulse: https://lnkd.in/dtHm9AEt #PrivateEquity #ValueCreation

Horizons – BDO’s quarterly view of global mid-market deal activity is out now. This latest issue highlights that global merger and acquisition activity declined in the opening quarter of 2024 but was still ahead of pre-COVID levels. On deal pricing: As fiscal policy succeeds in bringing global inflation under control and avoiding the need for further interest rate rises, that may also start to underpin valuations. However, global political uncertainty and conflict could impact on the speed at which that happens. Read more below and talk to our BDO Deal Advisory team for specialist local insights. https://lnkd.in/gr8qE2_5 #deals #mergersandaquisitions

Since the increase of interest rates, access to capital has been more difficult to come by for companies looking to grow through acquisition. Even with these head winds, CFOs expect M&A activity to pick back up. This is consistent with some of the conversations I've been having with senior finance leaders in the tech, healthcare, and banking industries. It will be interesting to see how the remainder of the year shakes evolves with M&A activity. Take a look at the article in the comments for more insights into what the M&A market might look like in the not so distant future! #mergersandacquisitions #finance #accounting #growth

🌍 Explore the latest insights in BDO M&A Horizons 2024 - Issue 2, our quarterly global mid-market M&A review! Despite global declines in transaction volumes and values, signs of market stabilisation emerge, with returning private equity interest and potential interest rate decreases. Discover sector views: TMT: Embracing the 'new normal' optimistically. Manufacturing: Potential for a surge in M&A activity in 2024. Real Estate: Assessing resilience amid market challenges. Natural Resources: Navigating energy transition amidst declining deal activity. #BDO #MAHorizons #MergersAndAcquisitions #BDOIreland

As the number of publicly listed companies in the U.S. has decreased by 50% over the last 20 years, private equity's role in the financial market has grown significantly. According to McKinsey, this reduction is primarily attributed to various factors, including increased regulatory burdens, industry consolidations, and, of course, a shift in financing strategies favoring Private Equity and private markets. As PE firms navigate this growth, transparent and rigorous valuation processes become ever more crucial in ensuring informed investment decisions and fostering stakeholder trust. Source: McKinsey & Company & ACCF #PrivateEquity #MergersandAcquisitions #Valuation #Investing #FinancialAdvisory #ValueCreation #Finance