Many companies overlook opportunities to boost their ROI on strategic enhancement initiatives, often by leaving discounts, tax credits, and cash awards on the table, underestimating costs, or overlooking local rules and regulations.
Read our latest Capital Thinking article to learn more about Stephens’ Site and Incentives Advisory practice.
The mega deals of 2023 are only one of many factors that create room for optimism about a brighter mergers and acquisitions market in 2024. Recent economic indicators suggest that inflation is slowing, which can lead to lower interest rates. Oil prices continue to fluctuate, but not wildly so, and they remain well above $60.
Today, PE firms are aggressively seeking attractive middle market performance marketing agencies (firms delivering measurable actions taken by audience members) as platform investments, often with the goal of acquiring additional services, scale and specialties.
The nine quarters up to the end of Q1 2020 – the onset of the Covid pandemic – averaged 196 US acquisitions in Europe per quarter. The level of quarterly dealmaking activity naturally dropped sharply as Covid hit, but then consistently and dramatically increased on a quarterly basis to a peak of 493 US acquisitions of European companies in Q1 2022. However, the level of US acquisitions in Europe has since fallen back towards pre-pandemic average levels (233 in Q3 2023).
Evan Smith, Senior Vice President in Stephens’ Energy Investment Banking team, recently spoke on the Capital Access: Private Equity panel at the Hart Energy Capital Conference 2023.
He shared insights along with Billy Quinn, Founder and Managing Partner of Pearl Energy Investments; Frost W. Cochran, Managing Director and Founding Partner of Post Oak Energy Capital; Brooks Despot, Director at EnCap Investments; and David Elder, Partner at Akin Gump Strauss Hauer & Feld LLP
Stephens begins our 90th year of business, and although a lot has changed, much has remained the same. We provide unvarnished advice and precise execution on the full array of investment banking services.
For the last three years, mergers & acquisitions in oil & gas firms have held steady at about 100 a year. But during this period, many traditional investors—especially those in private equity—have decreased their investment activity in this industry sector.
Cut through the noise and understand how markets think about valuation
One of the most important enterprise valuation drivers—specifically for Software as a Service (SaaS) businesses—is revenue growth. During the pandemic, SaaS company revenue multiples were at an all-time high in both the public and private capital markets. In a historically low interest rate environment, “growth-at-all-costs” became an unfortunately familiar phrase.
The Stephens Debt Capital Markets team concluded another productive year, helping clients navigate a challenging credit market in 2022
We have modified the approach to our IB Quarterly Update. While historically we have focused on content relevant to each industry group, we have determined that the macro trends impacting businesses may be more helpful.
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