M&A Outlook 2024
2023 saw a decline in the overall headline deal value both globally and locally, no doubt driven by the rising interest rate environment and concern about an economic slow-down.
Category: Markets
Charlie Munger-A Powerful Legacy
Charlie Munger, who passed away on 30th November, was one of the most influential business leaders and investors of the last 60 years. The businessman, and philanthropist along with his Partner Warren Buffet epitomised a no-nonsense rational approach to life and business.
M&A Market Snapshot: First half of 2023
The global M&A Market in the first half of 2023 saw deal values drift lower especially in Q2, while the number of announced completed deals saw near record highs. So, deal volume was up whilst overall transaction values are down.
Some Promising Growth Sectors
With all the talk of interest rates and a possible slow-down, we thought it was about time we looked at where the potential for exciting growth is happening. If you regularly read our content, you will know how we love research and the insights it can unlock. We also think it’s the basis for sound decision-making and frequently utilise it in our strategy work with clients.
Current M&A Market Insights in Australia
The market is fluid and is moving constantly, never more so than now. The big end of town appears busy with deals galore, to quote James Thomson in the AFR on August 26th “M&A is back in a big way.”
How to Sell a Business Lesson #3: How big is the market for my business?
We established in lesson #2 that if a business is approached by a potential buyer (Gorilla) that the interest must be qualified and handled efficiently leading to an early indicative offer in writing, based upon the provision of adequate but limited information. We also determined that such a buyer, having knocked on your door is likely to have knocked on quite a few other doors, and is probably running a broader process.
How to Sell a Business Lesson #2: What to do when a 500-pound gorilla knocks on your door?
We established in my last blog that selling your business is likely to involve a major mismatch in terms of the scale and size of the likely buyer and that getting in the ring with them by yourself and without a clear strategy might not work out so well.
How to Sell a Business Lesson #1: Don’t get in the ring with a 500-pound gorilla!
The shareholders of established private companies in Australia, many of whom will be seeking an exit in the next ten years, ought to be aware of certain realities around deal doing and the market, I am going to unpack some of these over the next series of posts, which I hope people might find helpful.
Transaction activity softens but outlook remains strong
According to the recent Dealmakers report the global trend in M&A is down, by number of deals -15% and by value -18%. This is driven by the “fears of recession, rising interest rates and geopolitical uncertainties.”
There’s always something!
M&A Forecast: Some Light Cloud, Sunny Tomorrow
I’m sure everyone has felt it – that gentle squeeze on our purses and wallets. Whether it is at the supermarket or the petrol pump, the café or the corner store, inflation seems to be hitting our hip-pocket nerve once more.
Valuations for tech start-ups have fallen. Why? and What does it mean?
Valuations for tech start-ups have fallen. Why? What does it mean?
Five months ago, the market sell-off smashed valuations in the tech. sector. Angel funds felt the brunt of the lower valuations and lower multiples. Many start-ups have lost out.
What price would you put on working from home?
There's a “burgeoning body of evidence” that social media harms young people’s mental health and continuing to use it unjustifiable.
This issue affects us all – what is reasonable usage and how much is too much?
Is the unstable geopolitical environment effecting valuations and deal-doing in Australia?
I have been asked this question by owners quite a lot recently.
The short answer is not yet, or at least not directly.
Hybrid work, good or bad for business?
Companies are concerned about the implication of a hybrid working policy on productivity levels, loyalty, team-cohesion, and longevity.
The burning questions are:
Should work-from-home continue post-pandemic?
If so, on what basis?
Is hybrid work good or bad for business?
Your mobile phone – Godsend or ball and chain?
There's a “burgeoning body of evidence” that social media harms young people’s mental health and continuing to use it unjustifiable.
This issue affects us all – what is reasonable usage and how much is too much?