Archive for the 'Industry Commentary' Category

Culture Clash Causes Chaos

Wednesday, May 5th, 2010

Surveys repeatedly report that mergers & acquisitions do not live up to expectations because of post merger integration issues and incompatible company cultures. Well, most dealmakers don’t want to add time or cost, attributable to assessing culture, to due diligence. And it’s uninspiring to think about a target acquisition going south due to a cultural [...]

What’s the Scuttlebutt on Securing Capital?

Wednesday, January 27th, 2010

How much longer until securing capital gets less daunting than it has been over the past year and a half? That is a question on every dealmaker and business owner’s mind and the one I posed to Oscar Jazdowski of Silicon Valley Bank who serves on the ACG Corporate Development Forum program committee.
Silicon Valley Bank, [...]

2010, Another Rollercoaster Ride or Slow & Steady Recovery?

Wednesday, January 13th, 2010

There are no crystal balls for predicting what lies ahead. However there are some economic indicators business executives keep an eye on. Take a look at the links below and please let me know two things:
•    Which ones you’d most likely access on a regular basis?
•    What indicators you regularly monitor that may be of [...]

BB&T Capital Markets Serves as a Joint Lead Manager of Triangle Capital Corporation’s Follow-On Offering

Wednesday, December 23rd, 2009

Triangle Capital Corporation (Nasdaq:TCAP) announced the completion of its public offering of 1,794,000 shares of common stock at $12.00 per share for gross proceeds of $21,528,000. The base offering was increased from its original 1,300,000 shares due to strong demand. The company intends to invest the net proceeds in lower middle market companies in accordance [...]

Good Corporate Acquisitions Start with Kissing Frogs

Wednesday, December 9th, 2009

You’ve Gotta Kiss a lot of Frogs
So says Rick Daniels and Jeff Lucas, two members of the ACG Boston community who have collectively completed over 35 acquisitions over their careers so far.  They fessed up to having analyzed 1,000+ potential deals along the way.  That averages out to kissing nearly 30 frogs before settling on [...]

Let’s Talk Turkey on Investment Sectors

Tuesday, November 24th, 2009

Dealmakers keen on more perspectives on what lies ahead in the venture capital and private equity worlds, here are a few more data points to chew on over the holiday weekend.
Venture capitalists poured $4.8 billion in 637 deals in the third quarter of 2009 according to the MoneyTree™ Report from PricewaterhouseCoopers LLP and the National [...]

TM Capital Releases Finance and Restructuring Report

Monday, November 16th, 2009

TM Capital is pleased to provide you with the initial installment of Finance and Restructuring Spotlight: Charting a New Course, a new publication from TM Capital Corp. Current market conditions make this a critical moment for issuers and potential issuers of middle market debt.  The aftermath of the credit bubble has created a historic dislocation [...]

Problems Plaguing Healthcare Present Promising Pursuits

Wednesday, November 11th, 2009

You cannot scan your internet home page, watch the news or pick up a magazine without being inundated with “Healthcare” headliners.
And what are the key stakeholders of healthcare (consumers, providers and payors) most concerned about? Their common concerns include cost reduction and containment, accurate billing, access to quality care, “whole person” approach to healthcare management [...]

Corporate Divestiture Trend Analysis from Benning Associates

Wednesday, November 4th, 2009

Benning Associates LLC, a new Boston-based investment bank focused on middle market M&A and financings, recently released the following findings:
Analyzing 2009 sub-$100MM M&A transaction announcements we were surprised to find, compared to the last few economic cycles, a relatively low percentage of corporate divestitures.  Digging deeper we are coming to the conclusion that looking into [...]

New Investment Banking Boutique, Benning Associates LLC, Opens in Boston

Saturday, October 31st, 2009

Benning Associates LLC (“BA”), a new investment banking boutique, has opened Boston offices with a strategy of providing differentiated M&A and corporate finance advisory services to middle market private and public company owners and investors.
The BA team brings a different kind of track record and service offering to its middle market clients, combining extensive public/private [...]