M&A NOTes
- "The seller sets the price, the buyer sets the terms."
- The two key determinants of the value of a private business are GROWTH and EARNINGS.
- Current S&P public company market multiples of 13-14x have been boosted by government policies designed to keep interest rates low. However, this does not necessarily translate into higher multiples for middle market private businesses. (Oct. 2012)
|
|