According to the 2017 Pepperdine Private Capital Markets Project, nearly two-thirds of M&A experts predict that a rising interest environment will impact their ability to finance transactions. The Q1 2017 Market Pulse Survey found that almost half of advisors expect a decrease in valuations, and about 40% predict a decrease in the buyer pool. The study looked at businesses in the lower middle market, with annual revenues from $2 million to $50 million. “By raising interest ra

In the first quarter of 2017, 121 microcap issuers listed on the OTCQX, OTCQB, or OTCPINK announced M&A transactions. The combined disclosed transaction value of these 121 transactions was over $280 million. Average individual transaction value for the quarter was $6.5 million. In Q1, average disclosed purchase consideration consisted of 42% cash, 29% stock and 29% seller debt. Full list of last quarter's acquirers below. Q1 2017 - OTC MicroCap M&A: Invictus MD Strategies Co

A recent post on the Axial Forum said that "For strategic acquirers, creating and nurturing relationships with bankers is key to building a steady pipeline of acquisition opportunities." While working with a big name investment bank may seem like the way to find acquisitions, there are also thousands of smaller banks, intermediaries, and business brokers. These smaller firms/individuals usually focus on relatively smaller transactions (sub $100M, sub $10M, sub $5M, or even su