Business Valuation

Inflation is showing its ugly self – affecting business valuations

In the USA, we are starting to see an increase in prices for raw materials creating the threat of higher inflation going forward. This has implications for interest rates.  Most people expect the Fed to raise rates in the next year or two. But higher inflation could mean more increases earlier than that. Oil has reached a high and is expected to increase from here.  Oil is often a large component of inflation.  Some inflation indexes ignore energy and others do not.  But energy costs are embedded in the end price of most products so higher oil costs will eventually…

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Business Valuation, Buying & Selling a Company

M&A Trends May 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 available as of May 2021 show that M&A activity continues to increase…

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Business Valuation, Public Policy, Tax

Nothing New Under the Sun: Stealth Estate Tax Proposal Returns

A well-known proverb originally derived from the Bible is “There is nothing new under the sun”. Back in 2016 and 2018, I alerted clients as to attempts by the Obama administration to increase taxes by eliminating commonly two commonly used discounts in business valuation: Discount for Lack of Control (DLOC or Minority Interest Discount) and the Discount for Lack of Marketability (DLOM).  Eliminating these discounts What made that attempt particularly noxious is that it was effectively a tax increase without congressional approval.   Congress was not likely to approve such a change and the administration wanted to bypass it.  Further, for…

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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…

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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…

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Business Valuation, Buying & Selling a Company

Mergers & Acquisition Trends Q1 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…

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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…

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