Q2 2024 Mezzanine Market Perspective
In Q2 2024, Mezzanine activity for the LTM period ending March 31st increased approximately 11% YoY from 414 deals to 460 deals. Compared to Q4 2023, deals including mezzanine debt decreased 31%, from 162 to 112 in Q1 2024. Mirroring the downturn, private equity deal volume declined 14% from 1,453 deals in Q4 2023 to 1,245 deals in Q1 2024. Out of the 112 mezzanine deals that closed in Q1 2024, 33 deals were buyouts, 59 were minority financings, and 20 were sponsor backed add-ons. The most common industries in total M&A activity for the quarter were Industrials, Technology, Business Services, and Consumer, respectively.
The Resilient Rise of Tech Sector M&A: A Decade of Strong Performance
The last decade has witnessed an extraordinary rise in private equity investments in the technology sector. By layering insights from DealEdge, provider of deal benchmarking analytics, and SPS by Bain & Co., a deal sourcing analytics platform, we can deeply analyze the robust performance and vibrant deal activity that have made technology a standout sector.
Source Talks ep. 50
On this very special 50th episode of Source Talks, Jay Jester, Partner at Plexus Capital shares the most valuable lessons he’s learned over his long career in deal sourcing. We talk about how technology enables connection, the importance of nurturing your network, and how everyone at Plexus plays a role in the deal sourcing function.
Navigating High Interest Rates: How M&A Dealmakers are Adapting in 2024
While prognosticators try to gauge when the Federal Reserve will lower interest rates this year, thereby making M&A more affordable and increasing dealflow, what became clear at the last Monetary Policy Meeting is that prognosticators must continue to prognosticate. Despite the European Central Bank, the Bank of Canada, and regulators in Mexico, Brazil, Sweden and Switzerland recently cutting interest rates, the Fed declined at its last Monetary Policy Committee meeting.
