Podcasts about mergermarket

To say Lauren Hirsch has always wanted to be a reporter is an understatement. When she was about seven years old her mom found a book under her bed aptly titled “how to be a journalist”. That aspiration is now a reality. After learning the ropes at MergerMarket, Reuters and CNBC.com, she is now an integral member of the New York Times DealBook team. On this episode of Press Profiles, we talk to Lauren about her approach to breaking stories, her fascination with the media and sports industries, how a good story is similar to a high school gossip session, her unsuccessful foray as a professional debt collector, and why she believes journalism has one of the highest ROI's of any profession.  

Public listings have been a notoriously difficult exit path for sponsors over the past two years but recent months have witnessed a signal change as vendors learn how to navigate new equity capital markets. Mergermarket's Head of Auctions sits down with ION Analytic's Global ECM Editor Sam Kerr to take stock of how funds are viewing ECM, structuring listings for the best outcomes and what Donald Trump might mean for global equity markets.Introduction - 00:34 Large-cap exits - 1:49Failed sale to IPO - 4:50Structuring a successful listing - 9:09A new US President - 16:55You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.

Mergermarket's Head of Auctions Rachel Lewis speaks with Debtwire's Head of Private Capital Josh O'Neill about how the deal financing environment for private-equity buyouts is evolving as we approach the end of 2024. As we head into the final quarter of the year, European buyouts are on par with the total disclosed value seen across the whole of last year - standing at EUR 133bn. The total number of deals is, however, still down at 946 versus 1,234. Direct lenders have always had a vital role to play in financing leveraged buy-outs but their approach to auctions, to lending and to sponsors has changed in a higher interest rate and high inflationary environment. Against this backdrop, O'Neill and Lewis discuss from both of their sides of the table - equity and debt - how the changing financing environment will impact the pipeline for the rest of the year and heading into 2025. Introduction - 0:25Pipeline from the lenders' perspective - 2:35Protecting downside risk - 7:57Lending relationships with sponsors and auctions - 12:00Opportunities in lapsed deals - 19:59Debt-for-equity swaps - 22:45Theme music: ©2012 Kick Up The Fire

In this episode, funds editor Harriet Matthews and senior private equity reporter Rachel Lewis share insights from the Mergermarket Private Equity and M&A Forum Europe, exploring the outlook for private equity buyouts, exits and fundraising, as well as the outlook for specific markets, including the UK.The Forum, which took place on 21 May at the Landmark Hotel in London, brought together private equity and M&A market participants for a day of panel discussions and networking.In her keynote speech, JP Morgan's global head of M&A Anu Aiyengar summarised the macro drivers for dealflow in 2024 across public and private markets, highlighting UK take-private activity in particular as a bright spot for dealmaking.Elsewhere at the conference, panellists discussed topics including the prevalence of preferred equity as a liquidity solution for GPs, how GPs are approaching fundraising in a liquidity constrained environment, and LP preferences and concerns in the current market.While much has been made of a potential uptick in dealmaking in 2H 2024, conference attendees were cautious when it came to making predictions. Positive indicators include strategic appetite for private equity-backed assets, with hope for interest rate cuts also expected to allow the cogs in the private equity machine to start whirring again.Mergermarket data round-up – 1:28Keynote speech takeaways – 3:51UK market sentiment – 5:20Fundraising outlook – 6:18Preferred equity and bridging the valuation gap – 7:20Returns and distributions – 10:50Large-cap exit options – 12:15You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

European funds editor Harriet Matthews hosts fellow funds editors Tim Burroughs (managing editor, AVCJ) and Tom Cane (North America) to discuss the insights they gleaned from the Mergermarket New York Private Equity Forum, comparing and contrasting this with PE activity in other regions, and considering what the themes that emerged mean for the outlook for the industry in the US.European funds editor Harriet Matthews hosts global funds editors Tim Burroughs (managing editor, AVCJ) and Tom Cane (North America) to discuss the insights they gleaned from the Mergermarket New York Private Equity Forum, comparing and contrasting this with PE activity in other regions, and considering what the themes that emerged mean for the outlook for the industry in the US.Attendees gathered at the Pierre Hotel in New York on 30 April to share insights on the US PE market, exploring topics including exits, value creation, valuation, GP-led secondaries, private credit and the appeal of various sectors.The Mergermarket team shares key takeaways from the day, summarising the perspectives of GPs and LPs. Cautious optimism was in the air, with an uptick in exit volume in 1Q 2024 bolstering hopes for a reopening of the exit market.Challenges remain in dealmaking and fundraising, however. Valuations have yet to be truly tested, with only the best assets typically trading over the past 12 months. Meanwhile, LPs are continuing to work out how to manage their liquidity, with distributions having fallen significantly from a high point in 2021.The team also provides insights on how the US outlook compares of that in Europe and Asia when it comes to secondaries and dealmaking, as well as the geopolitical climate.Introduction – 0:34Dealflow and valuations – 1:30The exit outlook – 4:17GP-led secondaries – 6:33The fundraising market – 9:48Further themes: value creation private credit – 12:53The US elections and the H2 outlook – 15:21You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

With “cautious optimism” the prevailing sentiment for the start 2024, the Mergermarket private equity (PE) reporting team takes stock of our 1Q 2024 European private equity data, providing insights into how this year could shape up for deal activity, exits and fundraising.2024 started off more strongly than 2023 in terms of private equity activity, with deal count up by 21% and disclosed deal volume more than doubling versus Q1 2023. Activity has dropped since Q4 2023, however, with deal count down by 6% and disclosed deal volume by 72%.Although a number of successful exits were announced in the past quarter, PE firms made 13% fewer exits in Q1 2024 versus Q1 2023, marking the worst quarter for exits since the start of the COVID-19 pandemic.This episode begins with an overview of Mergermarket PE buyout, exit and fundraising data, highlighting the top sectors and geographies.With the PE industry is preparing for an uptick in activity over the course of the coming year, the Mergermarket team explores the current macro picture, deals to watch out for this year, and changes to deal structuring that GPs are pursuing to get deals done, including minority stake sales and equity syndication.Data overview: PE deal activity, exits and fundraising – 0:42The macro picture and the road ahead – 4:26The outlook for PE exits – 7:54Processes to look out for – 10:10The rise of deal-by-deal fundraising – 11:44Changes to deal structuring – 14:26Going back to exits – 17:00You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

With GP-led secondaries becoming a mainstay in the private equity exit toolbox, Mergermarket's funds editor Harriet Matthews and senior private equity reporter Rachel Lewis discuss the outlook for this growing part of the private equity market. In a guest interview, Elena Laleh, managing director at Kline Hill Partners, discusses the secondaries investor's European and North American strategy, highlighting the sizeable opportunity to be found in GP-leds in the lower mid-market.With EUR 47.3bn raised across 16 secondaries funds active in Europe in 2023, versus EUR 30bn across 18 funds in 2022, LP demand for secondaries strategies shows no sign of slowing in the face of a tough fundraising market.While megacap fundraises of EUR 10bn-plus from the likes of Goldman Sachs, Glendower Capital and Lexington Partners typically bolster secondaries fundraising volume, with large-cap deals grabbing headlines, there is also ample opportunity in the lower mid-market, where GPs are also looking to continuation funds as an exit option, but investor capital is more scarce.Elena Laleh discusses Kline Hill's focus on “trophy assets” in this market segment, which sees it engaging in deals of less than EUR 250m in size and deploying around two-thirds of its capital in the US and one third in Europe.She also shares her view on whether an anticipated exits uptick will affect GP-led secondaries dealflow, and discusses the importance of due diligence, returns and alignment.Following the interview, the Mergermarket team dissects the key takeaways, sharing data on PE exits in the lower mid-market and recent reporting on secondaries activity in this market segment.Introduction – 0:38Current state of the GP-leds market – 1:34Secondaries fundraising: data recap and LP appetite – 4:35Interview with Elena Laleh, Kline Hill Partners – 8:48Kline Hill's GP-led strategy and lower mid-market focus – 9:56US versus European GP-led secondaries market dynamics – 11:41GP-led secondaries and exit environment optimism – 12:52Valuations in GP-led deals – 15:58Returns in the GP-led secondaries market – 18:24Capital supply in the secondaries market – 21:15Kline Hill's view on alignment – 23:37Key takeaways – 25:16Lower mid-market PE exits – 26:15GP due diligence in secondaries deals – 29:06Mergermarket reporting on recent lower mid-market GP-leds – 31:03Adviser adaptation and market consolidation – 33:20You can listen to the podcast HERE, as well as your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

Mergermarket's funds editor Harriet Matthews speaks to Pierre-Antoine de Selancy, managing partner and co-founder of net asset value (NAV) lender 17Capital, about the evolution of NAV financing and its use cases in the current market, as well as wider industry reservations about the use of this type of leverage. The use of and interest in NAV financing has been growing in recent years. In times of restricted liquidity and a tough fundraising market, GPs can use this tool for situations including refinancing a group of portfolio companies to take advantage of M&A opportunities.De Selancy addresses some of the questions that LPs have around NAV financing, arguing that using leverage is a core skill of private equity professionals in creating value for investors, and the use of NAV financing is part of this process. “If limited partners are worried about GPs putting in place debt, they should not be investing in private equity,” he said. 90% of the money used in NAV financing goes into portfolio companies, whereas 10% is used to make distributions, he said, playing down concerns around “fake DPI”. “It's not a competitive world – it's an ultra-competitive world,” he said, noting that LPs now have more choice than ever and are applying increasing scrutiny to how GPs are creating value and balancing this with risk. It is important that GPs “do the right thing” for their LPs, he said, emphasizing the importance of communication.Lastly, de Selancy discusses the future of NAV financing as a “new niche” and “the fastest growing market in private credit”, features which are likely to drive the growth of 17Capital itself.0:39 – Introduction2:54 – Interview with Pierre-Antoine de Selancy3:26 – 17Capital's strategy4:49 – Current use cases for NAV financing7:13 – NAV financing versus continuation funds11:27 – Cost of capital dynamics14:42 – NAV financing and LP sentiment25:49 – What's next for the NAV lending industry?28:20 – 17Capital's future growthYou can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

We've got an extra special episode for you. Join us as we discuss the results of the 2024 Global M&A Dealmakers Sentiment Report. In association with Mergermarket, SS&C Intralinks surveyed 300 global M&A dealmakers from 225 corporations and 75 private equity firms to see where the market is heading. From shifting dynamics in financing and regulatory to challenges and opportunities, we share insights into where dealmakers think M&A will go in the next 12 months. Dealcast is presented by Mergermarket and SS&C Intralinks.

In this week's episode, Mergermarket's funds editor Harriet Matthews and senior private equity reporter Rachel Lewis explore how private equity (PE) firms are turning to various options in an effort to secure succession between generations of management, with a guest interview from Jon Harvey, Head of Relationship Management at Investec Fund Solutions.As the PE industry matures and grows, with GPs growing from single-strategy firms to multi-strategy asset managers, the themes of succession and the value within private equity firms have grown in prominence.The team kicks off the episode by discussing some recent examples of succession, including the reported search for a chairman at Bridgepoint [LON:BPT], and Cinven's recent managing partner shake-up.Investec's Harvey starts off by discussing the rise in prominence of the theme of succession, some of the routes available to GPs (including GP stake sales, IPOs, and management company financing). Harvey discusses how the theme of succession is linked to wider pressure within the PE market, including exits, fundraising, and securing a GP commitment for their next fund. He also shares his insights on what GPs should consider to shore up culture and create alignment within their teams when managing succession.Lastly, the Mergermarket team discusses key takeaways from the interview, and also discusses some situations where succession has not been so smooth, as well as the importance of succession and monetisation for growth, and the issue of team retention.Introduction – 0:38Recent examples of succession plans – 2:14Interview with Jon Harvey, Head of Relationship Management at Investec Fund Solutions – 4:40Triggers for succession – 5:17Pros and cons of different succession paths – 8:59LP alignment and GP commitments – 13:04How to use permanent capital – 17:31When succession goes wrong – 23:40Monetisation for growth – 25:00Retention in PE – 29:25You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

In this episode, we explore the performance of add-ons, roll-up strategies, divestitures and take-privates over the past year. In a climate of high interest rates and bank retrenchment, private credit's heightened role at the outset of last year in facilitating dealmaking emerged as a prominent headline, providing considerable returns for many sponsors and LPs. Has private credit solidified its role in M&A? Plus, we identify key themes and sectors presenting the most opportunities in the next 12 months. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Artificial intelligence has become a focus of regulators worldwide. In recent months, the European Commission, Federal Trade Commission and the Competition and Markets Authority have all opened inquiries into investments and partnerships made by Microsoft, Google and Amazon relating to startups Open AI and Anthropic. What is the potential impact of heightened scrutiny on merger control policy? Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Joerg Zirener, a partner at One Equity Partners (OEP), speaks to Mergermarket's funds editor Harriet Matthews about the firm's mid-market strategy and his outlook for 2024, covering topics including buyer and seller valuation expectations, mid-market value creation levers, and where OEP sees opportunities for dealmaking.Founded in 2001 and with operations in Europe and the US, OEP's team has made more than 120 platform investments and more than 300 add-on acquisitions. “We look for what we want to buy, instead of what's for sale,” says Zirener of the firm's largely proprietary origination process.Zirener is “cautiously optimistic” for 2024 as the sponsor continues to find ways to deploy equity and support its portfolio companies. “We are specifically continuing to look at opportunities to support companies to add to their capabilities, build scale, enter new markets, enhance their competitive position in their respective markets, so all around transformative combinations,” he says.Areas of focus for OEP in 2024 include digitalisation and artificial intelligence (AI), as well as the industrials sector. It is also continuing to focus on buy-and-build, allowing its companies to gain scale in a range of ways, including geographically.Based in Frankfurt, and having joined OEP in 2006, Zirener has operated in the private equity industry across a number of different dealmaking climates. Rounding off the interview, he shares his perspective on how the current market compares to that of the time when he first entered the industry.Introduction – 0:30OEP's strategy – 2:42Sourcing deals with a European and US presence – 5:01The appeal of the mid-market – 7:52Exits and investment pace – 12:04Value creation levers – 17:35Overcoming dealmaking challenges in 2024 – 20:00Perspective on the current market – 25:22If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

In this latest episode of M&A Tales, our special guest is EY's Global Deputy Vice Chair for Strategy and Transactions Nadine Mirchandani. With over 20 years of experience, Nadine specializes in leading financial services, corporate and private equity transactions, serving as an advisor to both sell- and buy-side parties. In this insightful conversation, she shares her views on how to find and nurture talented and diverse M&A teams. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

In this episode, we delve into findings from the [Q1 2024 Deal Flow Predictor](https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024). Which region is anticipated to witness the most significant decline in deal flow? Will there be a further increase in early-stage restructuring activity? And will the uptick in IPOs observed at the end of last year continue? Tune in to discover these insights and more as we navigate the evolving landscape of M&A trends. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

In 2023, there was a decline in M&A activity globally, but what was the picture in Latin America? Our guest, Thiago Barrozo, Mergermarket's editor for LATAM America, looks back on dealmaking in the region, the role geopolitics is playing and anticipated deal activity in key sectors in 2024. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Mergermarket's funds editor Harriet Matthews and senior private equity reporter Rachel Lewis discuss what the key themes that emerged from January's IPEM conference in Cannes mean for the 2024 outlook for the European private equity industry, touching on topics including debt, exits, fundraising, and the secondaries market.With interest rates expected to stabilise this year, private equity is adjusting to paying more for leveraged buyout financing and is approaching 2024 with a cautious optimism.However, the industry is not out of the woods yet when it comes to the eternal question of returning capital to LPs via DPI (distribution to paid-in capital) in a tough exits environment. Creative routes continue to be on the agenda, be it recaps, minority stake sales or GP-led secondaries.Fundraising challenges also remain, with LP capital still scarce – but with deployment and the overall pace of fundraising expected to continue to return to a more even keel, the outlook for 2024, as well a the longer term outlook for pools of capital available to private equity funds, could be a little brighter.0:31 – Introduction1:13 – The macro picture3:04 – A bad time to make exits?5:02 – Debt dynamics and recaps5:59 – Secondaries market growth8:40 – Private equity's creativity9:45 – Fundraising challenges12:29 – Adjusting returns expectations14:09 – The pace of deploymentIf you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

In this special episode, we're joined by Mergermarket's Lisha Zhou and Ed Vinales, who discuss M&A trends in the Asia Pacific region for 2024. They offer insights into the evolving dealmaking landscape and provide their perspectives on what lies ahead for the region in 2024. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

According to Dealogic, total M&A volume dropped to its lowest level in ten years globally in 2023 to about USD three trillion. In this episode, Mergermarket executive editor Lucinda Gutherie examines the factors that contributed to last year's uncertainty, identifies areas of opportunity and shares her views on the dealmaking outlook for 2024. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Tom Ross-Jones, partner at UK-based private equity firm Palatine, speaks to Mergermarket senior private equity reporter Rachel Lewis about the sponsor's journey with sustainability consultancy Anthesis, setting out how the deal was originated, the value creation initiatives during the investment period, and the exit process.If private equity had its own dictionary, value-creation could easily have been a top contender for ‘phrase of the year' through 2023. Everyone is speaking about it, but there are still questions around how many GPs are achieving it. Palatine originally took a minority stake in sustainability consultancy business in Anthesis in the quarter of 2021 for a reported GBP 50m. Just two years later it, returned 6x with Carlyle Group entering as a majority shareholder, only for Palatine to re-invest in a minority position to keep some exposure to the business. The deal was valued at a reported GBP 400m, although Palatine did not confirm this valuation.In this episode, Ross-Jones, discusses the sponsor's investment and journey on value creation. He starts off by discussing the sponsor's approach to origination, what measures it put in place as a minority shareholder, and the significance of human capital and culture in creating value.Later, the podcast delves into the importance of data, whether buy-and-build still works, how it got the company ready for an exit and exactly why it reinvested under Carlyle's ownership. Introduction – 0:31Interview with Tom Ross-Jones – 1:35Palatine's approach to origination and first eyes on Anthesis – 1:58Making a minority investment – 5:00 Approach to leverage – 7:23First steps and initial value creation – 9:02Palatine's value creation playbook – 16:48Levers for mid-cap value creation – 20:18Integrating bolt-ons and the future of buy-and-build – 22:23 Getting the company ready for exit – 26:40Reinvesting for a minority stake – 30:33You can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

With fees on the decline due to reduced M&A deal volume, investment banks, consultancies and financial sponsors are acquiring boutique advisory firms specializing in corporate restructuring and distressed dealmaking. Following J.S. Held's acquisition of Phoenix Management and Mizuho America buying Greenhill in 2023, will this trend continue in 2024? Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

A year of rising interest rates and slower growth has proved challenging for the global PE industry. Yet, notwithstanding a decline in fundraising and dealmaking over the past year, how are resilient managers overcoming today's challenges and setting themselves up for success during 2024? In this special episode of Committed Capital, private capital and PE leaders from Hamilton Lane, Tikehau Capital, Capital Square Partners and Court Square Capital Partners offer their perspectives on the key findings from Dechert and Mergermarket's 2024 Global Private Equity Outlook report, including the rise of GP-stake divestitures and take-privates, the continued growth of the private credit market, the appetite for GP-led secondaries and continuation vehicles, the impact of rising regulatory scrutiny, the upsurge of democratization and more. 

Amid geopolitical tensions and regulatory hurdles, Chinese companies face daunting challenges when going public in the U.S. Nevertheless, Shein, the fast-fashion retailer, remains undeterred in its pursuit of a long-rumored initial public offering. Similarly, Zeekr, the high-end electric car brand owned by Zhejiang Geely Holding Group Co., has dipped its toes into IPO waters by filing with the SEC. This episode delves into the obstacles confronting both Chinese firms and provides insights into recent developments in IPO listings. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

While their European counterparts are rebranding and shifting focus to become cleaner, greener energy companies, the oil majors in the U.S. are doubling down on fossil fuels with two megadeals by Exxon and Chevron in October. We look at what's driving market activity and potential deals in 2024. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

As a tough year for the European private equity (PE) draws to an end, Mergermarket's private funds editorial team gives a market overview and highlights key topics including the resilience of the mid-market, consolidation in the advisor space, and the popularity of co-investments.The last 12 months brought with them the collapse of Credit Suisse and Silicon Valley Bank; a return to higher interest rates; and yet more geopolitical uncertainty and conflict.Although private equity activity has remained subdued this year, particularly versus the highs of 2021 and 2022, the industry has continued to innovate and adapt, looking for ways to get deals done and maintain liquidity.Consolidation remains an ongoing theme in the private equity industry – not only via value creation through buy-and-build, but in the form of asset managers acquiring specialised and mid-market firms. The mid-market has seen consistent dealflow and exits against a tough backdrop, leading larger sponsors to re-enter the mid-market so as not to miss out.The PE advisory industry has also been busy consolidating amid a drop in dealflow and therefore a drop in fees, with more consolidation on the cards for 2024 as advisers look to gain market share and add new capabilities to their roster.Structuring deals in 2023 has been challenging in a higher cost of capital environment, leading GPs to explore options including adding more equity into deals in the form of co-investments. These deals also have benefits to LPs including relationship-building and an opportunity to gain in-depth insights on how their GPs operate.0:55 – Market overview2:20 – Mid-market outlook with Rachel Lewis11:48 – PE advisory consolidation with Min Ho17:51 – Co-investment perspectives with Ero PartsakoulakiYou can listen to the podcast on your favourite podcasting platforms, including Spotify and Apple Podcasts.If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The FireInterested in private equity analysis? ION Analytics has more.Private Equity Trendspotter: Sponsors look to kick-start stalled cycle as deployment, exit pressure mountLPs need more convincing for value strategies as carve-out pipeline picks up - analysisPrivate equity's love story with outsourced pharma services to heat up in 2024 – analysis

The NSI regime, enacted in January 2022, grants the U.K. government authority to examine and intervene in various business transactions, including takeovers, to safeguard national security. This episode explores the law's ramifications, potential evolution and its impact on the acquisition of the Daily Telegraph's parent company, as well as the resolution of the Newport Wafer/Nexperia saga. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Large cap vs. SME dealmaking: what are the main differences between the two markets? In this special episode of M&A Tales, we speak with Oriol Pinya, co-founder and CEO of Abac Capital, about his experiences doing both types of deals. “I think numbers [are] maybe five to ten percent of what we do,” says Pinya. “The rest is about people.” Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, are you ready for 2024? Read our new report, 9 M&A Dealmaking and Financing Trends in 2024, to understand the factors that will impact M&A and strategic financing in the next 12 months. https://www.intralinks.com/insights/publication/9-ma-dealmaking-and-financing-trends-2024

Private equity dealmakers in the DACH region have been facing a plethora of challenges in 2022 and 2023 in particular. Funds editor Harriet Matthews discusses the 2024 outlook with HIG Capital's Holger Kleingarn, and is also joined by Mergermarket's DACH bureau chief Patrick Costello, who shares his insights on market sentiment and how dealflow is shaping up for 2024.DACH private equity activity in the year to date has comprised EUR 18bn of disclosed deal volume across 156 deals, versus EUR 27bn of deal volume and 164 deals in 2022, according to Mergermarket data. Exits have also fallen, with EUR 7bn in disclosed volume across 44 deals in 2023 YTD versus EUR 11bn across 51 deals in 2022.Meanwhile, fundraising for DACH-focused buyout funds has reached an eight-year low in 2023, with EUR 2.7bn raised across five vehicles – but with EUR 159bn of the approximately EUR 165bn total buyout fundraising in Europe potentially able to make DACH deals, the region will not be short of capital to get deals done when the market picks up.In a guest interview, HIG Capital managing director Holger Kleingarn gives an overviews of the challenges and opportunities for private equity in the DACH region, including the macro picture and the art of the PE exit.Kleingarn also highlights sectors and themes that are of interest to HIG, including infrastructure services, healthcare services, labour location and reallocation, sports and esports, business process automation, AI, and energy efficiency.Lastly, the team discusses some of the key points from the interview with Kleingarn, and looks ahead to some of the topics that the market will be keeping an eye on as we move into 2024, including buyer and seller valuation expectations.DACH data overview – 1:26Fundraising focus – 2:58Market sentiment – 5:17What's in the year-end and 2024 deal pipeline? – 6:27Interview with Holger Kleingarn – 8:37The macro picture – 9:04Opportunities for private equity – 12:192024 outlook and HIG's key sectors – 17:29The art and science of exits – 23:51Cause for optimism – 29:30Key takeaways and analysis – 35:05Adjusting valuations – 37:27If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

With corporates looking to divest non-core businesses and private equity investors placing a renewed emphasis on value creation, carve-outs are climbing the agenda for many GPs. Harriet Matthews and Min Ho explore the factors behind current dealflow, with a guest interview with Tristan Nagler, partner at Aurelius.According to Mergermarket data at the time of recording, EUR 190bn worth of carve-outs have taken place in EMEA in 2023 YTD, with EUR 39bn taking place in September and October alone. Competition for carve-outs also appears to be on the up, with more US players edging their way into the European market.Following a discussion of headline data and upcoming deals, Harriet Matthews speaks to Tristan Nagler about the outlook for complex corporate carve-outs and how Aurelius approaches this market.While a process can attract “a flurry of interest” at the start, the complex and uncertain nature of corporate carve-outs and the level of risk often means that there is “a high rate of attrition” in processes, according to Nagler.Nagler discusses Aurelius' outlook for carve-outs dealflow, including buyer and seller motivations, what makes a “good” carve-out, where the GP sees pockets of opportunities, and how ESG can be a dealbreaker for the firm.In the final part of the episode, the Mergermarket team highlight some of their key takeaways from the interview, as well as the role of communication with unions in carve-out processes, and why carve-out strategies are appealing to LPs in the current market.Intro – 0:27 Data and recent deals – 1:07Dealflow drivers – 4:22Who's buying? – 7:26Interview with Tristan Nagler, partner at Aurelius – 10:23A wave of carve-outs? – 11:26The changing buyside landscape – 16:25What makes a “good” corporate carve-out? – 20:51Pockets of opportunities – 23:39Shoring up a target – 27:19Value creation levers and Aurelius' portfolio – 31:26The role of ESG – 35:45Key takeaways – 39:31The role of unions and long-term goals – 42:01The LP view – 45:06If you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

The transition to sustainable energy sources is consistently in the headlines, especially with COP28 on the horizon. Currently, Latin America is ahead of many other regions when it comes to renewable energy. In this episode, we're finding out about how M&A is fostering the sector's development in LATAM. Dealcast is presented by Mergermarket and SS&C Intralinks. •••••• Dealmakers, download 9 M&A Dealmaking and Financing Trends in 2024, a white paper that delves into the factors that will impact M&A and strategic financing next year, offering actionable insights into: Digitalization's role in dealmaking AI's impact on deal sourcing, due diligence and value creation Private credit's continued appeal as a financing option Cybersecurity, sustainability and outsourcing strategies And much more

RTX's sale of its cybersecurity and intelligence business unit to private equity firm Blackstone in October 2023 for USD 1.3 billion signals a surge of forthcoming deals. In this episode, we discuss the strategy behind firms looking to divest, run down the hottest sectors, and look ahead to sell-offs in the pipeline by VSE, L3Harris Technologies and Boeing-Lockheed Martin. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q4 2023 to see our data-driven prediction on where M&A will go globally and regionally in the next six months: https://www.intralinks.com/deal-flow-predictor

In this webinar recording Third Bridge's Co-founder Joshua Maxey, industrials and energy analyst Peter McNally, and Mergermarket's Senior PE specialist, Harriet Matthews discuss the trends reshaping the PE industry and the lure of infrastructure investing.

While current sentiment around private equity investment in the consumer sector is mixed due to its exposure to inflation and consumer demand, sponsors are still finding attractive opportunities to deploy. Advent International managing director Nicolas Chavanne joins the podcast to discuss the GP's approach to investing, how it assesses the market, and how and why it aims to secure optionality on exit.Ahead of the interview with Advent's Chavanne, funds editor Harriet Matthews hosts private equity reporter Ero Partsakoulaki to run through Mergermarket data on sponsor activity in the consumer sector. The team explores the trends and drivers behind activity, as well as recent Mergermarket intelligence about upcoming processes in the sector.Chavanne began his career in investment banking, following which he spent 14 years with private equity house Towerbrook Capital Partners. He joined Advent International in 2019 to leads its retail, consumer and leisure investments.He explains how “you have to be a bit of a truffle pig” when sourcing the right deals in the consumer sector, and breaks down Advent's definition of “luxury” investments and its consideration of consumer demographics.The conversation also touches on exit options and value creation. “it's relatively easy to buy, but we measure success by the exit,” says Chavanne. ”We get excited when we have what I would call multi-threaded exit optionality – you don't want to be stuck with one way out.”Following the interview, the editorial team return to discuss key takeaways, as well as what the Birkenstock [NYSE:BIRK] IPO means for consumer dual-track exits.0:39 – Introduction1:42 – Data round-up, consumer drivers and current processes10:17 – Interview with Nicolas Chavanne of Advent International11:40 – Executing with conviction in the current market15:47 – “Luxury” investments and demographics20:09 – Deal origination and gaining an edge: Examples from Zimmerman, Parfums de Marly29:02 – The universe of buyers and exit option33:44 – Consumer drivers and value creation38:35 - The role of AI in creating an edge41:34 – Key takeawaysIf you would like to hear more podcasts produced by ION Analytics, you can access the ION Analytics channel on Apple Podcasts.Theme music: ©2012 Kick Up The Fire

In the face of numerous challenges, M&A activity is showing positive signs for growth in the next six months. Where do the opportunities exist? In this episode, we look at the data and unpack key findings from the SS&C Intralinks Deal Flow Predictor for Q4 2023. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q4 2023 to see our data-driven prediction on where M&A will go globally and regionally in the next six months: https://www.intralinks.com/deal-flow-predictor

In this week's episode, we're looking at how the use of artificial intelligence (AI) has exploded with the proliferation of ChatGPT and other tools. We discuss how the technology is factoring into all aspects of dealmaking and explain how the right strategy can help the sell-side achieve an “AI premium.” Joining host Julie-Anna Needham is Gustav Hoejmark-Jensen, a senior reporter for Mergermarket covering software and technology for the Nordic and DACH regions. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q4 2023 to see our data-driven prediction on where M&A will go globally and regionally in the next six months: https://www.intralinks.com/deal-flow-predictor

In this episode, we're looking at recent developments in regulatory approval for technology mergers in the U.K. and the E.U. We explore why the E.U. antitrust authorities blocked Booking Holdings' proposed EUR 1.63 billion purchase of Swedish peer ETraveli Group, why it matters and the potential impact it will have on other tech deals such as Amazon's proposed USD 1.7 billion acquisition of iRobot. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q4 2023 to see our data-driven prediction on where M&A will go globally and regionally in the next six months: https://www.intralinks.com/deal-flow-predictor

Companies are going public again, but is it all good news? In this week's episode, we're talking about IPOs. After booming in 2021, the IPO market went quiet due to macroeconomic pressures and uncertainty. With inflation easing, recent blockbuster debuts by Arm Holdings, Instacart and Birkenstock hint at a glimmer of a comeback. Can this renewed interest sustain itself? Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q4 2023 to see our data-driven prediction on where M&A will go globally and regionally in the next six months: https://www.intralinks.com/deal-flow-predictor

The European consumer space experienced a drop in M&A deal count and flow in H1 2023. However, easing economic pressures and cautious optimism have influenced a recent uptick in transactions, including exemplified by Australia's Orora acquiring French glass bottle maker Saverglass from U.S. private equity giant The Carlyle Group for USD 1.4 billion. Additionally, Carrefour, a major French supermarket player, acquired the Belgian retail group Louis Delhaize, gaining access to the Cora and Match assets in France for USD 1.16 billion. Amid a rise in distressed assets and private equity firms reshuffling their portfolios — either exiting or entering new niches — M&A is about to get even more interesting in the region as several consumer companies are expected to hit the market in early 2024. In this episode, we explore current trends and drivers as well as potential buyers, sellers, targets and IPO candidates in the European consumer sector. Dealcast is presented by Mergermarket and SS&C Intralinks. Shopping for your next great M&A deal? Learn how DealCentre™ for Consumer Retail can speed through the checkout line: https://www.intralinks.com/solutions/dealcentre-consumer-retail

In this webinar recording Third Bridge's Co-founder Joshua Maxey, TMT veteran Scott Kessler, and Mergermarket's Senior PE specialist, Harriet Matthews unpack the trends reshaping the PE industry and take a deep dive into AI investing.

Crypto is enjoying incredible popularity in Latin America, and the region is subsequently awash with M&A dealmaking opportunities. In this episode, we look at the fast pace of crypto adoption in Brazil, Argentina, Colombia and Ecuador, the impact of locally issued stablecoins and who is acquiring crypto-related companies in LATAM. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

It's an interesting time for equity markets. Despite a complex backdrop of inflation, geopolitical tensions and the conflict in Ukraine, equity markets are in a good spot. The appetite for stocks is being fueled by declining interest rates and optimism. In this episode, we discuss ECM activity in Europe, including ongoing valuation gaps, canceled and successful deals, strategies for sellers to ensure favorable outcomes and what to watch for the remainder of the year in the European IPO market. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

In this episode, we're examining M&A trends across the APAC region within the BioPharma sector. Our guest, David Chen, a managing director at BFG Group, a China-based boutique investment banking firm, discusses current market sentiments, valuation challenges, recent high-profile cross-border transactions and other dealmaking trends to watch. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

U.S. ECM activity showed positive signs in the first half of 2023 after a two-year decline thanks to improving market conditions. This episode examines factors driving the uptick in recent activity, evaluates whether recent IPOs by Kenvue, Cava Group and Oddity suggest a broader market resurgence, and explores the influencing factors for ECM deals leading into early 2024. Tune in for valuable perspectives on these ECM trends. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

After a rocky start to 2023, growing confidence is beginning to take hold among dealmakers. In this special episode, we're joined by Matthew Wells from SS&C Intralinks, who provides an exclusive preview of upcoming global M&A activity in APAC, EMEA, LATAM and NA based on the findings of Intralinks' Q3 2023 Deal Flow Predictor. He also explains why data indicates a larger appetite to transact in H2 and why many corporates and PE firms will be coming off the sidelines. Tune in for valuable insights into these trends in the world of M&A. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

The mining sector in North America is experiencing an extraordinary surge in M&A activity, primarily fueled by the urgency to secure metals and minerals that are needed for the energy transition. Notably, the rising demand for lithium and nickel, essential components for electric vehicle batteries, is intensifying dealmaking efforts in the region. Our guest, Mergermarket's Canada Editor, Carlos Martinez, sheds light on the forces driving this record-breaking wave of M&A, the significance of major mega-deals and the outlook for the dynamic sector. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

China's economy is facing foreign and domestic obstacles to growth. How will the current economic and political climate impact inbound and outbound M&A? Barry Chen, partner in charge and head of corporate finance at InterChina Partners, joins us to discuss transaction trends in China, the uptick in divestitures, challenges corporates and private equity firms are currently facing and the potential impact of the Made in China 2025 policy. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

Mergers of mobile phone firms have always been a hot topic when it comes to obtaining antitrust approval, and the recent deal to combine the U.K. operations of Vodafone and CK Hutchison — which owns the 3 (Three) network — is no different. We hear more about the European Commission's approach to telecommunications M&A with our guest Jacob Parry, a Brussels-based chief regulatory correspondent for PaRR and DealReporter. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the SS&C Intralinks Deal Flow Predictor for Q3 2023 to get an exclusive preview of global and regional M&A activity in the next six months: https://www.intralinks.com/deal-flow-predictor

Today we're looking at M&A dealmaking in the Iberian region following Mergermarket's recent summit held in Madrid. Rupert Cocke, who is senior editor and head of Iberia Coverage at Mergermarket, fills us in on recent transactions and dealmaking trends in the market. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, read our latest white paper produced in association with Reuters, ESG Under Pressure, a case study-driven guide to implementing ESG in diverse industries and regions. Download it here.

In this episode, we're looking at M&A deal activity in North America and exploring how the rest of 2023 could pan out. Our guest is James Ward, a business reporter for Mergermarket specializing in B2B tech and industrial sectors. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, read our latest white paper produced in association with Reuters, ESG Under Pressure, a case study-driven guide to implementing ESG in diverse industries and regions. Download it here.

In this episode, we're heading to Australia to find out why the mining sector is booming after a volatile 2022. James Arbuthnott, a Sydney-based journalist who covers energy, mining and utilities, shares important insights. Dealcast is presented by Mergermarket and SS&C Intralinks. Dealmakers, download the Q2 2023 Deal Flow Predictor here.