Alternative Investments, Decision Making

So You Want To Start A Business: Part 1 – Know Thyself

Starting a new business enterprise is a formidable undertaking. It involves both the mind and the heart for the new venture to succeed. It can be quite fun to imagine what a new business started from nothing may look and feel like. But prospective entrepreneurs should do some very hard, steely-eyed thinking before starting this task. Good planning is essential. At the risk of being a curmudgeon, and dampening the excitement, here is a quick guide for how to think through and plan for many of the decisions that need to be made. This topic will be covered in two…

Continue Reading

Alternative Investments, Buying & Selling a Company

M&A Valuation Trends as of November 2021

Alteris LLC tracks Mergers & Acquisitions (M&A) valuation and other trends/metrics from its various partners and research sources.  We will periodically report on what we find here.  For more detailed information on valuations and M&A trends contact us directly. Please note that this information is a summary, generalized for many different types of companies of various sizes. This data is collected from various sources and includes proprietary deal information from over 200 PEGs (Private Equity Groups) on $10-250mm sponsored transactions, with an average TEV near $50mm. The information is available as of November 2021 and covers the third quarter of…

Continue Reading

Alternative Investments, Buying & Selling a Company, Exit Planning

Are Private Equity Groups for You?

In recent decades more and more capital has flowed into the alternative investment category of private equity or Private Equity Groups (PEGs). Maybe because of this higher profile, we get asked repeatedly by business owners in the lower middle market if they can sell to a private equity group. I’ll say this right up front – most likely the answer is no. Private equity investments have traditionally been focused on large companies, the so-called middle market and especially the lower middle market have been ignored. That has changed in recent years as more capital has entered this investment category.  Seeking…

Continue Reading

Alternative Investments, Business Valuation, Buying & Selling a Company

M&A Trends as of Feb 2021, for Q4 2020

Alteris LLC tracks Mergers & Acquisitions (M&A) valuation and other trends/metrics from its various partners and research sources.  We will periodically report on what we find here.  For more detailed information on valuations and M&A trends contact us directly. Please note that this information is a summary, generalized for many different types of companies of various sizes. This data is collected from various sources and includes proprietary deal information from over 200 PEGs (Private Equity Groups) on $10-250mm sponsored transactions, with an average TEV near $50mm. The information available as of February 2021 show that valuations on private middle-market transactions…

Continue Reading

Alternative Investments, Decision Making

Technology Trends in the Investment Management Industry

Alteris LLC tracks trends in our client’s industries.  We work with firms in the Investment Management or Asset Management industry and therefore track trends there. Many firms in the Investment/Asset Management industry are experiencing substantial pressure on their margins and profitability. A factor pressuring cost reductions is consolidation among firms in the investment/asset management industry.  This started before the pandemic and continues.   Some industry observers expect that up to 20% of the mutual fund firms that are independent today will be acquired or go out of business in the next five years.   This consolidation will largely impact smaller firms. The…

Continue Reading

Alternative Investments, Business Valuation, Buying & Selling a Company

Mergers & Acquisitions Trends Q2 2020

Alteris LLC tracks Mergers & Acquisitions (M&A) generalized valuation and other trends/metrics from its various partners and research sources. We will periodically report on what we find here. For more detailed information on valuations and M&A trends contact us directly. Please note that this information is a summary of many different types of companies of various sizes in a variety of industries. The specific valuation for any individual company, for your business, may and probably will vary greatly.  Each company and set of circumstances is unique and must be considered individually. This data is collected from various sources and includes…

Continue Reading

Alternative Investments, Business Valuation, Buying & Selling a Company

Mergers & Acquisition Trends 2019 Q4

Alteris LLC tracks Mergers & Acquisitions (M&A) generalized valuation and other trends/metrics from its various partners and research sources.  We will periodically report on what we find here.  For more detailed information on valuations and M&A trends contact us directly. Please note that this information is a summary of many different types of companies of various sizes in a variety of industries. The specific valuation for any individual company, for your business, may and probably will vary greatly.  Each company and set of circumstances is unique and must be considered individually. This data is collected from various sources and includes…

Continue Reading