By: Wesley Legg There has been speculation that Apple is looking to get into the automotive industry. Exhibit number one for the speculators is the fact that Apple has been on a hiring spree for auto industry talent. In fact, Apple’s poached so many car battery engineers from A123 Systems, that A123 sued Apple claiming…
Market Overview Despite record levels of deployment of new cash in deals through Q3 2021, the Private Capital Markets remain in a state of excess liquidity. Credit funds, such as BDC’s, continue to be an important source of financing for middle market companies and PEGs. Through Q3 2021, leveraged loan volume was ~$935 billion with…
By: Neal England Human Capital Management Segment Overview: Human Capital Management M&A activity remained robust in Q3, with a high volume of deal flowsupported by continued economic recovery. While the economy remains strong, scarce labor caused by a widespread trend of workers leavingtheir jobs, 4.4 million leaving their jobs in September up from 4.3 million…
By: Billy Pritchard Unlike owners of many traditional businesses in manufacturing or service industries, SaaS entrepreneurs typically set out on a journey of building their businesses with the end in mind → a noteworthy exit /liquidity event. The Technology Practice at Founders Advisors spends most of our time engaging with founders of vertical & horizontal…
Global M&A continued at a record-setting pace in Q3, fueled by cheap financing, high stock prices and corporate balance sheets flush with cash. Through the first three quarters of 2021, over 27,000 deals have been completed for a combined $3.4 trillion. Accelerating digitization, evolving consumer preferences, supply chain disruptions, and a trend towards vertical integration…
By: Duane Donner Most companies are valued by applying a multiple to the businesses EBITDA (earnings before interest taxes, depreciation, and amortization). However, buyers will closely examine the revenue streams generating that EBITDA and assess the quality thereof. Here are a few things buyers will look for when assessing a company’s revenue streams. 1. Revenue…