MULTIPLES RETURNING TO 2007 LEVELS

By Joe Berkery M&A transaction value and volume are returning to pre-recession levels, according to the latest Berkery Noyes research. The total number of transactions (volume) for the six months to October 21, 2011 was 1,163, higher than the previous peak of 1,070 recorded for the six months prior to April 21, 2007, reflecting strong interest… View Article

M&A ACTIVITY BRISK FOR BERKERY NOYES

By Joe Berkery The first three quarters of 2011 have been busy for Berkery Noyes, with 15 transactions closed during the period and several more scheduled to close during the fourth quarter. What’s remarkable about these transactions is the high level of buyer interest and strong valuations each one has received. Despite uncertainty in the… View Article

TAX CHANGES OFFER SELLER INCENTIVES

By Joe Berkery Changes in tax policy now under discussion are likely to create an incentive for owners to sell privately held businesses sooner rather than later. While it’s difficult to predict with certainty where the current debate on fiscal policy will end up, an increase in the capital gains tax from the current 15%… View Article

THIRD QUARTER 2011 TREND REPORTS

Berkery Noyes has released its Third Quarter 2011 Trend Reports. We’ve listed some commentary from our managing directors here. Media & Marketing Services Industry: “Interestingly, DPZ was Publicis Groupe’s third acquisition this year in Brazil,” said Berkery Noyes Managing Director Evan Klein. “As one of the top ten ad markets in the world, I have… View Article

BRIMMING BALANCE SHEETS FUEL M&A SURGE

 By Joe Berkery Right now there is a substantial disconnect between the health of the U.S. economy and overall corporate well being. Even as economic growth slows and markets fluctuate, corporate profits are relatively strong, balance sheets are brimming with cash and the appetite for acquisitions has improved. So far this year, our firm has closed… View Article