Justice Department Clears Merger of AA and US Airways

November 14, 2013 09:57 by Clayton Reeves in Capital Markets, M&A, Regulation  //  Tags: , , , , ,   //   Comments (0)
As reported in Deal Book, the Justice Department has cleared the $11 billion merger of American Airlines and US Airways. This paves the path towards creating the world's largest airline. The merger comes at the end of a tough period for airlines, which has seen high fuel prices, bankruptcies and lab... [More]

Pitchbook PE Deal Multiples Show Deal Multiples for Small Deals Falling

November 14, 2013 09:47 by Clayton Reeves in Capital Markets, Financing, M&A, Private Equity  //  Tags: , , , , , ,   //   Comments (0)
As reported by Pitchbook, PE transaction multiples were reasonably steady in Q3 2013. However, deal size showed significant changes. For example, median enterprise value (EV) for small deals (EBITDA<$25 million) fell from 5.0x in Q2 to 2.5x in Q3. On the flip side, EV/EBITDA multiples rose to 10.... [More]

Twitter Valuation Indicates Huge Growth Potential

November 7, 2013 09:49 by Clayton Reeves in Capital Markets  //  Tags: , , , , ,   //   Comments (0)
It looks like all eyes are glancing to the NYSE today, to see if the stock exchange can pull of the IPO of Twitter without the glitches and issues that plagued the Facebook IPO.  As reported by Dealbook, shares were priced at $26, making the valuation stand at more than $18 billion. The company... [More]

Mobli Receives $60M in Funding from América Móvil

November 6, 2013 11:18 by Clayton Reeves in Telecom, Venture Capital  //  Tags: , ,   //   Comments (0)
It's getting crowded in the mobile video and picture sharing space.  As reported in TechCrunch, Mobli, an Israel based picture/video sharing service and competitor to apps like Instagram, received a $60 million investment from América Móvil. América Móvil, ... [More]

VC Valuation and Trends: Seed Series Rise, Most Other Rounds Fall

November 6, 2013 10:19 by Clayton Reeves in   //  Tags: , , , , , , , , , ,   //   Comments (0)
As reported by Pitchbook, the median pre-money valuation financings in 3Q 2013 fell across the board. The exceptions were Series Seed and Series C, both of which increased to new record highs. Valuatons have been trending higher for the last several years, but it had historically been most pronounce... [More]

CCCA Economic Dashboard: November 1st, 2013

November 4, 2013 14:35 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of November 1st, 2013. Click here to view a larger image.

CCCA Economic Dashboard: October 25th, 2013

October 28, 2013 16:52 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of October 25th, 2013. Click here to view a larger image.

CCCA Economic Dashboard: October 18th, 2013

October 22, 2013 10:20 by Clayton Reeves in Capital Markets, Economy, Financing  //  Tags: , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of October 18th, 2013. Click here to view a larger image.

Increasing Seed Valuations Making Series A Rounds Difficult

October 18, 2013 08:55 by Clayton Reeves in Capital Markets, Economy, Financing, M&A, Private Equity, Venture Capital  //  Tags: ,   //   Comments (0)
As reported by Pitchbook, seed valuations have increased 62.5% from 2009 through the first three quarters of 2013 for a cumulative annual growth rate of 13.8%. Meanwhile, Series A valuations are increasing, but at a slower rate, from $6.8 million in 2009 to $8.9 million. This 30.8% growth represents... [More]

CCCA Economic Dashboard: October 11th, 2013

October 15, 2013 10:55 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of October 11th, 2013. Click here to view a larger image.

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