CCCA Economic Dashboard: December 27th, 2013

Below is the CCCA economic dashboard as of December 27, 2013. Click here to view a larger image.

CCCA Economic Dashboard: December 20, 2013

Attached is the CCCA economic dashboard as of December 20, 2013. [More]

KPMG: Deal Activity in 2014 Expected to Improve

KPMG recently released the results of a survey given to over 1,000 deal makers with regards to 2014 M&A prospects. In short, deal activity is expected to improve in 2014. However, 2013 was also heralded by many as the year that would see M&A really take off and it didn't quite come to fruition.  Several mega-deals notwithstanding, 2013 fell short of expectations. So what makes 2014 different?   According to the survey, deal makers felt relatively positive about the environment and 63% of respondents said they planned to be acquirers in 2014. Most of this optimism was the result of large cash reserves, favorable/available credit terms, improving equity markets and improved overall confidence. However, as one investment banker put it, deals should most likely increase "because next year can't possibly be as bad as this year." This is where the questions really start. Many of the economic drivers present at the beginning of 2014 were also present in 2013. Private equity has piles of dry powder, corporate balance sheets are stocked with cash and money is cheap to borrow. However, all of these factors were also present in 2013. Instead of an increase in overall activity, we saw an increase in PE exits. So why would activity suddenly increase? According to the results below, most respondents expected targets to "become available." From our experience in the market, there are plenty of motivated buyers, but quality companies wanting to sell have been scarce. If this situation changes in 2014, the activity will most likely be very high. Some companies that we've spoken to have been anxious to eclipse pre-recession levels before having a liquidity event. Others are optimistic about the market in general, and want to leverage their growth opportunities utilizing cheap borrowed capital. The latter of those reasons won't change in 2014, but if some companies reach their targeted EBITDA numbers, sales could increase.   Click here to read the full report from KPMG. Hopefully, the conclusions drawn from their survey will come to fruition and 2014 will be a "solid" year.

CCCA Economic Dashboard: December 13th, 2013

December 16, 2013 16:55 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of December 13th, 2013. Click here to view a larger image.

CCCA Economic Dashboard: December 6th, 2013

December 9, 2013 15:08 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of December 6th, 2013. Click here to view a larger image.

CCCA Economic Dashboard: November 29th, 2013

December 2, 2013 16:14 by Clayton Reeves in Capital Markets, Economy, Financing  //  Tags: , , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of November 29th, 2013. Click here to view a larger image.

CCCA Economic Dashboard: November 22nd, 2013

November 25, 2013 12:59 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of November 22nd, 2013. Click here to view a larger image.

CCCA Economic Dashboard: November 15th, 2013

November 18, 2013 15:58 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , , , , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of November 15th, 2013. Click here to view a larger image.

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.

Past Posts