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

Richard S. Ruback and Royce Yudkoff, professors at Harvard Business School, are experts on an overlooked entrepreneurial path: buying a business and running it as CEO. Purchasing a small company ($500,000 to $2,500,000 in annual profits) lets you become your own boss and reap financial rewards without the risks of founding a start-up. Still, there are things you need to know. In their new book, "HBR Guide to Buying a Small Business", Ruback and Yudkoff help you: - Determine a

Mark Cuban, the billionaire business man who has had his ups and downs with public companies, recently spoke on stage at the Upfront Summit in Los Angeles to voice his concern about the lack of tech IPOs. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, many are looking at Snap, Inc. to jump start tech IPOs in 2017. One example Cuban discussed was AppDynamics. AppDynamics was supposed to IPO in January but it was acqui

Acquis Global Investments, LLC (“AGI”), an Acquis Capital company, is scheduled to attend the Vibrant Gujarat 8th Annual Global Summit held January 9-13, 2017 in Gujarat, India. AGI is seeking qualified small and medium enterprises for investment and advisory services. “The size of the Indian market, changes in regulation, and the growth rate of India’s economy have us very excited about Indian startups and SMEs” said Sam Kotch, managing member of AGI. “We look forward to pro

If you have ever tried to buy or sell a business, you have probably been on one side of a conversation regarding valuation. Buyers are motivated to avoid overpaying for a target company while sellers want the highest valuation possible. This difference in natural desires of buyers and sellers creates what is generally referred to as a valuation gap. Three Tips For Closing Valuation Gaps In M&A Transactions: 1. Contractual Solutions Often, valuation gaps result from a differe

A recent Forbes article titled "Young Hedge-Fund Manager Cracks The Private-Equity Code: Small Stocks And Leverage" discusses the similarities between small-cap merger & acquisitions and private equity. Dan Rasmussen, a Harvard graduate and former Bain Capital team member, analyzed what worked and what didn’t in private equity. After examining 2,500 deals representing $350 billion in invested capital over 30 years Rasmussen came to two key conclusions; (1) private equity is