So long from me; give the new guy a break

This marks the 81st Source post, my closing contribution, as well my last day with Sutton Place Strategies. For 67 columns, I’ve analyzed, ruminated, and endeavored to offer a peerless perspective on the M&A market. It has been my pleasure … Read More

Fido is getting M&A love and other Consumer trends

Notable & quotable consumer trades Big news in the M&A world last week: L Catterton invested $200M in Jessica Alba’s The Honest Co., a lifestyle brand producing non-toxic, eco-friendly household consumer goods. Goldman Sachs acted as the sell-side financial advisor … Read More

Developing alternative sourcing strategies

Large deals announced this week It was announced this week that Microsoft Corp. will purchase GitHub Inc. for an estimated $7.5 billion in stock. GitHub is a popular service that enables software developers and coders to collaborate. This acquisition is … Read More

2017 Mezzanine activity declines 37%

Fundraising is up, but mezzanine deal activity is trending down Private Equity fundraising is at an all-time high, with dry powder and capital overhang surpassing its peak levels. In 2017, according to Preqin, a ten-year high of $282bn was reached … Read More

2017 Transportation activity up 6%

Traveling this Memorial Day Heading out on the road this Memorial Day? AAA is projecting 41.5 million Americans will travel, which is up 5% from last year. Furthermore, AAA expects to rescue more than 340,000 motorists due to various car … Read More

Exit stage left, please

Investors are cautious as they search for quality investments  As we’ve been reporting for some time, the market continues to favor sellers and sponsors remain cautious as they attempt to deploy capital on worthy assets and investments. PwC indicates as … Read More

Where is the sponsor-advisor network concentrated?

Last week, four intermediated buyouts traded north of $1B in enterprise value. Yet,only one transaction – Heartland Dental Care – closed to an equity investor. Teachers Private Capital sold this deal to KKR && Co. with Jefferies & Co. acting … Read More

Who are the most active boutique advisors?

Marathon Petroleum announced this week it intends to purchase San Antonio based refiner Andeavor for $23 billion dollars. Per the WSJ, refining is one of the most-profitable sectors, and this acquisition would create the largest oil refiner in America. Although, … Read More

Mezzanine investors struggle to source quality deals

The Q1 issue of the Mezzanine Market Perspective is hot off the press! What’s happening up in the mezzanine? The acute decline in mezzanine activity over the last year is a common theme in SPS’ quarterly Mezzanine Market Perspective as … Read More

Deal volume declines in the first quarter of 2018

When you’re a hammer, everything is a hard drive We don’t just preach, we practice! Yesterday, SPS performed a little spring cleaning of its own by destroying a few old hard drives. A great means to release pent-up hostility towards … Read More