GF Data

🚨 🚨 The Q2 GF Data reports here! Second Quarter M&A and Leverage show a continuation in the resurgence of deal volume in the middle-market. We are well on pace to surpass 2023's deal count by nearly 23%. But while volume and valuations rebounded in Q2, the bigger story involves deal quality and deal type. Our leverage report shows that while senior debt pricing and average contribution across all deals improved in H1, challenges remain in the market, especially when looking at platforms. ➼ GF Data PEG contributors reported on 90 completed deals submitted for Q2, bringing the first half of 2024 to 180 completed deals. ➼ Average purchase price multiples on completed deals in Q2 reached 7.4x (TTM) EBITDA, an increase of a half turn of EBITDA from the Q1 average deals valued at less than $100mm all saw increases in valuation, as well as deals valued between $250mm and $500mm. ➼ Fewer financially strong businesses closed transactions in H1, as we recorded a decline in the percentage of companies with Above Average Financial Performance (AAFP). ➼ Add-on investments spiked in H1, reaching 44% of deals tracked over the last two quarters, compared to 35% of transactions for all of 2023. As always, contact me directly to learn more about our data and reports. We will begin rolling out our website enhancements in the coming days, so look for more announcements to come! Robert Dunn Ruben Armando Burke Ryan McCann Curtis Factor Association for Corporate Growth (ACG) #GFData #ACG #dealmaking #privateequity #PE #privatemarkets #debtfinancing #leveragedfinance #valuations #EBITDA #middlemarket #investmentbanking #mergersandacquisitions

📣 The Fall issue of Middle Market Growth Magazine's Middle Market DealMaker is out now! In this issue, we dive into the swinging pendulum of ESG priorities. Plus, we speak with experts about the process and challenges of developing corporate governance around AI, opportunities for retail investors, a rise in take-private transactions and much more. Dive into the digital magazine before it hits mailboxes: https://lnkd.in/g6hEFUKn

🔎 📊 GF Data is currently in the analysis phase of our Q2 data collection. Some initial impressions: ➼ Deal volume continues its upward trajectory from Q1, while average multiples also rebounded about half a turn from Q1 with valuations sub-$100mm seeing improvement. ➼ Add-on activity is driving the market, with 1H bringing weaker companies to market as high-performers sit on the sidelines. ➼ Debt markets continue to show improvement based on capital stack analysis and average pricing for senior debt. We're looking to send Q2 M&A and Leverage in the next couple weeks along with our site relaunch. Authorized users can expect that they will be able to view reports online! To learn more about our data and reports visit us at the link below: https://gfdata.com/ Robert Dunn Ruben Armando Burke Ryan McCann Curtis Factor Association for Corporate Growth (ACG) #GFData #ACG #dealmaking #privateequity #PE #privatemarkets #debtfinancing #leveragedfinance #valuations #EBITDA #middlemarket #investmentbanking #mergersandacquisitions

I know we've been a bit quiet at GF Data this summer; I promise that the hard work hasn't stopped. We are diligently working on a number of things in the background, as we are soon to deliver more value to our extremely loyal clients. Among our most critical efforts: ➼ Our Q2 data collection well underway, with over 70 deals already reported. ➼ The team is doing quality assurance on the additional data points and functionality to our online database we hope to launch in the coming weeks. Soon our clients will be able to get more transparency on debt structure and deal terms, along with a number of new data cut-ups and customizations to really drill into industry/NAICS multiples. ➼ We are implementing new tools on the back-end to create greater efficiency in our data collection and analysis. We can't wait to bring these enhancements to market! As always, contact me directly to learn more about our reports, data, or how you can become a contributor. Robert Dunn Ruben Armando Burke Ryan McCann Curtis Factor Association for Corporate Growth (ACG) #GFData #ACG #dealmaking #privateequity #PE #privatemarkets #debtfinancing #leveragedfinance #valuations #EBITDA #middlemarket #investmentbanking #mergersandacquisitions

GF Data will be at ACG New York's 16th Annual Healthcare Conference, tomorrow 6/26. Ryan McCann and I will be looking to meet with prospective Private Equity contributors as we continue to expand our coverage in the Healthcare Services industry vertical. Thanks to Casey E. Coleman and her team for the opportunity to meet potential PEGs over some bourbon! Association for Corporate Growth (ACG) Robert Dunn Ruben Armando Burke #GFData #ACG #middlemarket #privateequity #investmentbanking #valuation #healthcareservices #strategicacquirers #operatingpartners #dealsourcing #dealorigination #PE #privatemarkets #debtfinancing #leveragedfinance #EBITDA #mergersandacquisitions