OfficeHours

JULY 18, 2023

As one example, BrightView, now a publicly-traded company, developed as a roll-up of smaller landscaping businesses and has been owned at various times in the past by private equity firms including KKR, MDS, and Leonard Green, among others. To illustrate this point, let us consider the landscaping industry.

Private Equity

How2Exit

OCTOBER 2, 2023

rn Introduction: Navigating Uncertainty in Mergers and Acquisitions rn The current economic climate has created a sense of uncertainty and caution among businesses, particularly in the realm of mergers and acquisitions. They are looking for businesses that are recession-proof or have a strong track record of stability and growth.

Mergers and Acquisitions

Francine Way

JULY 10, 2017

These equity transactions between related parties are not negotiated purely on economic / financial terms. Their valuations tend to be materially lower than an arm’s-length deal. This liquidity feature typically creates a private company discount of around 25-35% range.

Valuation

Software Equity Group

MAY 7, 2024

2023 saw a myriad of factors impact SaaS M&A multiples, including economic developments, technological advancements, and a public market rebound. In any given year, however, some sectors of the SaaS universe are more prosperous than others, depending on industry trends, global economics, and other influences.

M&A

Software Equity Group

MAY 8, 2024

2023 saw a myriad of factors impact SaaS M&A multiples, including economic developments, technological advancements, and a public market rebound. In any given year, however, some sectors of the SaaS universe are more prosperous than others, depending on industry trends, global economics, and other influences.

M&A

OfficeHours

OCTOBER 16, 2023

First, private equity identifies the publicly traded company they believe is undervalued or could perform better as a private entity without the pressures of being a public entity (e.g. Clearly, there is a high level of interest in this space for private investors and it is an important transaction type to be aware of for any investor.

Investors

Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] For stock exchanged or issued in an M&A transaction, this generally will be the “closing date.”

M&A

OfficeHours

OCTOBER 23, 2023

First, private equity identifies the publicly traded company they believe is undervalued or could perform better as a private entity without the pressures of being a public entity (e.g.

Investors

Focus Investment Banking

AUGUST 6, 2023

ESG isn’t just a matter for large, publicly traded companies. While many people see this as merely “doing the right thing,” there is also often an economic payoff. This is particularly true if your partners are publicly traded or foreign-owned. It’s increasingly becoming a must for small and medium-sized businesses.

Middle Market

Sica Fletcher

MAY 8, 2020

Sica | Fletcher believes Brown & Brown is the publicly traded company that is most comparable to private, middle market U.S. For owners and executives of private insurance brokers, Brown & Brown's first quarter earnings call provides a treasure trove of information. insurance brokers.

Insurance

Focus Investment Banking

JUNE 13, 2023

A big part of oncology is buying and billing chemotherapy, and we're able to improve their economics there substantially with national buying power,” Patton told OBR. Formerly owned by Tahoe Investment Group, which bought the company in April 2017, Alliance was acquired by Akumin, a publicly traded company, in June 2021 for $820 million.

Hospitality

Intrepid Banker Insights

MARCH 28, 2023

Intrepid Investment Bankers Warning Signs Your Business’s Liquidity Needs Attention Mixed signals dominate economic headlines as concerns persist about a recession beginning in 2023, if it has not already begun. At the same time, employment remains strong, with the unemployment rate hitting an all-time low.

Capital

MergersCorp M&A International

AUGUST 9, 2024

These funds typically invest in publicly traded securities and derivatives, allowing for a wide range of investment tactics that can include long and short positions, derivatives trading, and leveraging. Hedge funds also focus on maximizing returns in any market condition, whether bullish or bearish.

Private Equity

Software Equity Group

MARCH 13, 2023

Strategic buyers are publicly traded or privately owned software companies. Particularly notable is the significant decline in public strategic deals, which fell from 35% to 25% from 2021 to 2022. In previous economic downturns, such as 2008, private SaaS company valuations took a hit as public strategics were forced to cut back.

M&A

Cooley M&A

MARCH 1, 2019

These include prevailing market sentiment, current appetite for acquisitions in a particular sector and the political and economic environment, all of which can change well within a given transaction timetable. The usual pros and cons of being a publicly traded company will also need to be considered. What’s the time frame?

IPO

The Deal

JULY 20, 2023

The Paul Singer-led activist fund reported a 13% economic exposure to NRG Energy Inc. Very few activist funds are capable of taking $300 million positions, in common shares or derivatives, in publicly traded companies, said Klein, who advises activist investors. NRG), worth about $1 billion, that’s likely in derivatives.

Investors

Software Equity Group

FEBRUARY 28, 2023

Stock prices and valuations of many leading public SaaS companies have fallen drastically from the beginning of 2022—but while that will affect the private market, it does not necessarily spell doom and gloom. This post will examine the current state of public SaaS company valuations and what it means for private companies.

Valuation

The TRADE

JULY 11, 2023

In the current market and economic climate most asset managers aren’t keen to try out that message in the short-term, but it’s definitely possible that the situation could evolve as we move through the cycle.”

Asset Management

Deal Law Wire

APRIL 1, 2021

The recent economic volatility has also seen an increase in the use of alternatives to one-time cash purchases in the context of M&A deals , including earnouts and working capital adjustments. As of February 11, 2021, the OSC gave the green light for the first publicly traded bitcoin exchange-traded funds in North America.

M&A

Software Equity Group

FEBRUARY 12, 2024

In recent years, software buyers have been keenly focused on gross revenue retention (GRR) and gross profit margin (GPM) , largely because strong performance in these areas provides security amid uncertain economic conditions. Financial buyers , usually PE firms, are not interested in integrating your company with their own.

M&A

RKJ Partners

AUGUST 6, 2017

To be more specific, business valuation is a process involving a set of procedures and approaches used to gauge the economic value of an ownership interest in a business as a going concern. Essentially, comparable company analysis looks at the value of publicly traded companies.

M&A

Wall Street Mojo

FEBRUARY 9, 2024

When listed as publicly traded companies, they mostly become small-cap and micro-cap stocks trading on the exchange. Such firms enjoy high growth rates and play a vital economic role. The classification helps investors gauge the performance and growth potential to make future investments.

Middle Market

Cooley M&A

SEPTEMBER 16, 2022

In addition, currently public dual-class companies with transfer provisions that do not contain clear carve outs for the delivery of voting agreements in the M&A context should discuss with their advisers the possibility of adopting “clear day” amendments to their charters to include these carve outs. Vote-down termination fee (i.e.,

M&A

Cooley M&A

JANUARY 25, 2023

Biopharmaceutical company Chimerix agreed to sell its worldwide rights to brincidofovir, including TEMBEXA, to Emergent BioSolutions in a transaction intended to enhance Chimerix’s balance sheet while allowing Chimerix to participate in the longer-term economics of the drug through milestone payments and royalties.

M&A

Software Equity Group

OCTOBER 22, 2024

In today’s economic climate, retention is everything: Software companies with Net Revenue Retention (NRR) rates above 120% are trading at a remarkable 63% premium over the market median. Because in a world where growth is uncertain, retaining and expanding existing customers is the ultimate competitive advantage.

Valuation

Cooley M&A

JANUARY 22, 2021

While the decision was case-specific, we were all reminded of (i) the high bar of the MAE, particularly when changes are attributable to a systemic risk and (ii) the increasingly important role that covenants play with respect to deal certainty, particularly in periods of market and economic uncertainty. Buyer…Seller…PPP Lender? A Look Ahead.

M&A

Cooley M&A

JANUARY 20, 2022

For example, early in 2021, Zimmer Biomet Holdings announced that it would spin off its spine and dental businesses into a new publicly traded company as a way to “optimize resource allocation” among its remaining businesses. There is a history of drugs failing for one use and then being successfully developed for other uses.

M&A

Global Newswire by Notified: M&A

JUNE 13, 2025

OTCQB: CBDS) is a publicly traded company that owns and operates PrestoDoctor, a trusted leader in medical cannabis telemedicine. OTCQB: CBDS), a publicly traded company operating at the intersection of digital assets and public equity markets, announced today. About Dogecoin Cash Inc. Dogecoin Cash Inc. MEME Coins Inc.

Utilities

Focus Investment Banking

DECEMBER 20, 2024

Cencora, one of the largest publicly-traded pharmaceutical companies in the world, distributes pharmaceuticals, over-the-counter healthcare products and other healthcare supplies and equipment to healthcare providers. Strong overall economic activity and lower interest rates.

Private Equity

Focus Investment Banking

FEBRUARY 11, 2025

Traditional terminal exit routes for private equity-backed companies are to larger strategic acquirers (often public companies) and IPOs, where a private company becomes publicly traded. However, the type of larger company that would be interested in buying physician practice management (PPM) companies has been unknown.

Private Equity

MergersCorp M&A International

MAY 27, 2025

If approved, the private company effectively becomes the publicly traded entity, inheriting the SPAC’s listing. Conflicts of Interest: The economic interests of SPAC sponsors may not always align with those of public shareholders, creating potential conflicts of interest. This merger requires shareholder approval.

IPO