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Business Valuation, Recapitalization, Selling Your Business

Debt Capital Market Update - Q2 2019

TKO Miller Debt Capital Market Analysis 

  • Leverage multiples remain at peak levels in M&A transactions due to an aggressive lending environment
  • Leverage multiples, as measured by Total Debt / EBITDA, increased from 3.9x in 2018 to 4.1x in 2019 (as depicted in the graph, below & left)
  • Transactions continue to see increasing equity contributions in response to rising purchase price multiples compared to 2018 levels (as depicted in the graph, below & right)
  • Leverage conditions are expected to remain highly supportive over the next 9-12 months, but trade tariffs with China and Europe, a global economic downturn, or uncertain political conditions are capable of shifting conditions back to lower, more historical levels

Total Debt/EBITDA Multiples 

Steve Yahnke
By Steve Yahnke
on Aug 6, 2019 7:05:00 AM
   
Debt Capital Market Update - Q2 2019

TKO Miller Debt Capital Market Analysis 

  • Leverage multiples remain at peak levels in M&A transactions due to an aggressive...
Steve Yahnke
By Steve Yahnke
on Aug 6, 2019 7:05:00 AM
Flexible Packaging Newsletter - Q2 2019

TKO Miller Market Analysis 

  • Valuations within the flexible packaging market continue to climb as strategic and financial...
Joe Froehlich
By Joe Froehlich
on Jul 23, 2019 7:05:00 AM
When Your Family Squabble Impacts Your Family Business

Remember when your sister took your favorite sweater and stretched out the sleeves?  Now imagine that level of emotion...

Tammie Miller
By Tammie Miller
on Jul 14, 2019 9:00:00 AM
Remember Business Buyers, How You Behave During a Transaction is a Window Into How You Work

In a recent sale process, a potential buyer was at a management presentation with the CEO and management team of a company...

Tammie Miller
By Tammie Miller
on Jul 11, 2019 7:05:00 AM
Deal Fatigue Cannot be Cured With Coffee

And this is not a knock on the magical powers of coffee.

Tammie Miller
By Tammie Miller
on May 21, 2019 7:00:00 AM
A Collaborative Business Sale - Now That's a New One

An M&A transaction is the ultimate zero-sum game. 

Timothy Oleszczuk
By Timothy Oleszczuk
on Apr 9, 2019 12:19:15 PM
Brother, Can You Spare $5 Million?

Shockingly, Many Business Owners Reply, “Sure, Maybe More.”

Timothy Oleszczuk
By Timothy Oleszczuk
on Apr 2, 2019 11:49:35 AM
Debt Capital Market Update - Q1 2019

TKO Miller Debt Capital Market Analysis 

  • Leverage multiples remain at peak levels in M&A transactions due to an aggressive...
Steve Yahnke
By Steve Yahnke
on Mar 27, 2019 7:05:00 AM
An M&A advisor will scare away my buyer, complicate things, and cost me a lot of money. If you think any of these things - you’re wrong

It is shocking how often we hear this from Sellers.  Nothing could be further from the truth for all three of these ideas,...

Timothy Oleszczuk
By Timothy Oleszczuk
on Mar 26, 2019 7:05:00 AM
Flexible Packaging Newsletter - Q1 2019

TKO Miller Market Analysis 

  • The Flexible Packaging Industry continued its strong growth trajectory in 2018 with an overall...
Joe Froehlich
By Joe Froehlich
on Feb 19, 2019 8:16:39 AM

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