Archive for October 2016
Continuing high M&A levels in the SME space
The attached slides from one of our recent M&A presentations highlights the reasons for the continuing high levels of M&A activity in the small & medium-size business space:
- there is no shortage of capital available;
- historically low cost of capital (both debt & equity);
- lack of organic growth in the economy;
- baby boomer demographics (and the lessening of internal family business succession).
In our view, these key indicators point to elevated levels of M&A activity in the near- to mid-term.