Investment Bankers

  • 0
    Transactions
  • 0
    Years
  • 0
    Buyer Network

Our Transactions

Since inception, Berkery Noyes and affiliates have been involved in more than 500 mergers & acquisitions. Below are the most recent transactions advised on by Berkery Noyes or its affiliates. For more specific information, click on the individual tombstones.

All Transactions

Industries

Each industry segment we cover involves surveying the competitive landscape, identifying new avenues for growth, and evaluating the market potential of a business or product. We have unique deal experience, knowledge, and relationships in these core markets. The following graph is based on transaction data from Berkery Noyes' MandAsoft research throughout the last 6 months.

Industries

Each industry segment we cover involves surveying the competitive landscape, identifying new avenues for growth, and evaluating the market potential of a business or product. We have unique deal experience, knowledge, and relationships in these core markets. The following graph is based on transaction data from Berkery Noyes' MandAsoft research throughout the last 6 months.

Research

Researching both market trends and the performance results of individual businesses allows us to deliver a level of mergers and acquisitions intelligence that distinguishes us from our competitors.

All Trend Reports

1st Half 2018 Private Equity M&A Trends Report

1st Half 2018 Key Highlights

  • The largest sponsored transaction in the Software horizontal in 1st Half 2018 was KKR’s announced acquisition of BMC Software, which offers cloud and IT management solutions to enterprises, for $8.5 billion. Of note, BMC was acquired in 2013 by a private investor group led by Bain Capital and Golden Gate Capital for $6.69 billion.
  • As for the Finance vertical, the largest sponsored transaction in 1st Half 2018 was a Blackstone Group led consortium’s announced acquisition of a 55 percent stake in Thomson Reuters Financial & Risk division for $11 billion.
  • Regarding the Healthcare IT vertical, the largest sponsored transaction in 1st Half 2018 was Veritas Capital’s acquisition of the Value-Based Care Division from GE Healthcare for $1.05 billion.
  • 1st Half 2018 Key Trends

  • Total transaction volume in 1st Half 2018 rose by five percent over 2nd Half 2017, from 406 to 427.
  • Total transaction value in 1st Half 2018 increased by 61 percent over 2nd Half 2017, from $28.93 billion to $46.48 billion.
  • The median revenue multiple declined from 2.7x in 2nd Half 2017 to 2.3x in 1st Half 2018, returning to its 1st Half 2017 level. The median EBITDA multiple remained constant on a half year basis at 14.1x.
  • M&A Market Overview

    Berkery Noyes tracked 1,919 private equity transactions between 2016 and 1st Half 2018, of which 316 disclosed financial terms, and calculated the aggregate transaction value to be $137.58 billion. Based on known transaction values, we project values of 1,603 undisclosed transactions to be $45.31 billion, totaling $182.90 billion worth of transactions tracked over the past two and a half years.

    1st Half
    2018
    Private Equity

    1st Half 2018 Education Industry Trends

    1st Half 2018 Key Highlights

  • The largest Higher-Ed related transaction in 1st Half 2018 was staffing firm Adecco Group’s acquisition of General Assembly for $413 million. General Assembly, a coding bootcamp, offers full-time courses in subjects such as web development, user experience design, digital marketing, data science, and machine learning.
  • Four of the industry’s top five highest value deals year-to-date were completed by strategic acquirers.
  • 1st Half 2018 Key Trends

  • Total transaction volume in 1st Half 2018 increased by seven percent over 2nd Half 2017, from 202 to 216.
  • Total transaction value in 1st Half 2018 declined by 34 percent over 2nd Half 2017, from $9.37 billion to $6.17 billion. This followed a 21 percent rise in the preceding half year period.
  • The median revenue multiple fell from 2.7x in 2nd Half 2017 to 1.8x in 1st Half 2018, returning to its 1st Half 2017 level.
  • In the tech-based sectors, the segment with the largest rise in volume in 1st Half 2018 over 2nd Half 2017 was K-12 Media and Tech with a 32 percent gain, from 37 to 49 transactions.
  • Deal activity in the Professional Training Services segment increased 37 percent in second half 2017 and ten percent in 1st Half 2018, the latter of which marked the sector’s peak volume level over the past 30 months.
  • M&A Market Overview

    Berkery Noyes tracked 999 Education transactions between 2016 and 1st Half 2018, of which 199 disclosed financial terms, and calculated the aggregate transaction value to be $21.89 billion. Based on known transaction values, we project the values of 800 undisclosed transactions to be $6.25 billion, totaling $28.14 billion worth of transactions tracked over the past two and a half years.

    1st Half
    2018
    Education

    1st Half 2018 Healthcare Industry Trends

    1st Half 2018 Key Highlights

  • The industry’s largest sponsored transaction in 1st Half 2018 was Veritas Capital-backed Verscend’s announced acquisition of Cotiviti, a provider of payment accuracy and analytics driven solutions, for $4.82 billion. Veritas Capital also completed another deal in the top ten list during the half year period with the announced acquisition of the Value-Based Care Division from GE Healthcare for $1.05 billion.
  • Seven of the industry’s top ten largest deals year-to-date occurred in the Healthcare IT segment.
  • 1st Half 2018 Key Trends

  • Total transaction volume in 1st Half 2018 declined by three percent over 2nd Half 2017, from 239 to 232.
  • Total transaction value in 1st Half 2018 rose by 54 percent over 2nd Half 2017, from $13.63 billion to $20.93 billion.
  • The median revenue multiple, after rising from 1.9x in 1st Half 2017 to 3.0x in 2nd Half 2017, declined to 2.3x in 1st Half 2018. During the last 30 months the median revenue multiple was 2.1x.
  • Both the Medical Education and Healthcare IT segments saw notable increases in volume during the half year period. Medical Education volume gained 77 percent, from 13 to 23 deals. Healthcare IT volume rose 23 percent, from 101 to 124 transactions.
  • M&A Market Overview

    Berkery Noyes tracked 1,154 Healthcare/Pharma Information and Technology transactions between 2016 and 1st Half 2018, of which 244 disclosed financial terms, and calculated the aggregate transaction value to be $72.62 billion. Based on known transaction values, we project values of 910 undisclosed transactions to be $9.22 billion, totaling $81.83 billion worth of transactions tracked over the past two and a half years.

    1st Half
    2018
    Healthcare