

2016 Private Capital Markets Report
Pepperdine University recently released their "2016 Private Capital Markets Report". The report is part of the Private Capital Markets Project- an "ongoing research to understand the true cost of private capital across market types and the investment expectations of privately-held business owners". The Report surveyed investment bankers, private equity professionals, bank and asset based lenders, mezzanine funders, venture capitalist, angel investors, business brokers, and bu

Listed Micro-Cap Acquirers - April 2016
April saw 38 acquisition announcements made by NASDAQ, NYSE, & NYSE Mkt micro-cap issuers.
Disclosed deal value for the month reached over $570 million. The majority of consideration for April acquisitions was cash (approx. $344 million).
The average market cap of this month's acquirers was approx. $100 million and the average transaction value was $15 million.
See the full list of NASDAQ & NYSE micro-cap issuers working on acquisitions in April below. Listed Micro-

Public Companies Use Stock For Big Ticket M&A
A few weeks ago, Rovi Corp. (NASDAQ: ROVI), a small cap public company, announced that they would acquire TiVo for $1.1 billion. The $1.1 billion purchase price consists of $277 million in cash with the remainder of the price to be paid in stock of ROVI. That's about 25% cash and 75% stock. Stock is a very powerful and unique M&A tool for public acquirers. In fact, "About 18 percent of the [M&A] transactions in 2015 were entirely stock" and over 45% of M&A transactions includ

OTC Acquirers -- April 2016
April saw 42 micro-cap acquisition announcements made by OTC QX, QB, and PINK issuers.
Disclosed deal value for the month reached over $130 million. The majority of consideration for April acquisitions was stock (approx. $82 million).
Highlights include; First Mining Finance Corp. (OTCQB: FFMGF) completing two acquisitions this month and GreenGro Technologies, Inc. (OTCPINK: GRNH) acquiring GrowCameras.com.
Companies saw an overall positive market reaction to acquis