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Gain Insight into the Middle Market

As a global middle market investment bank, we focus on the segment that powers the global economy: the mid-market. Our first-of-its-kind quarterly index tracks the enterprise value of more than 1,300 privately held, mid-market portfolio companies for approximately 100 sponsors and lenders. New for this quarter, the index also includes equity values of mid-market companies.

• A unique measurement of changes in enterprise value of private mid-market companies
• A key benchmarking tool for private equity sponsors and institutional investors
• Six key industry indices: Business Services, Consumer, Energy, Healthcare, Industrials and Technology
• Shows high correlation to public U.S. stock markets but less volatility

The Lincoln MMI provide clients with unique access to information for measuring and benchmarking the performance of their companies and portfolios against several key indicators.

Q&A: The State of Private Debt

A key feature of the US debt markets since the last recession, private debt funds have become a mainstream source of financing in core European jurisdictions as well, funding over 50% of mid-market financings for the first time in the UK, France and Germany last year.

Lincoln International industry experts sit down with Pitchbook to discuss the primary factors that are driving the rise and changes across private debt as 2019 winds to a close, and what the future holds for the private debt industry.

Auto Parts E-commerce Continuing to Hit on All Cylinders

Merger and acquisition activity within the auto aftermarket continues to showcase robust growth driven by strong industry fundamentals. The U.S. light vehicles in operation and miles driven continue to increase across an aging fleet, resulting in increased wear and tear that is driving the purchase of aftermarket products and parts. Consumers continue to spend to maintain their vehicles even in a downturn, providing stability to the aftermarket industry. Over twice as many used cars (~39 million 1) are sold each year in the U.S. compared to new cars (~17 million 1), providing scale to the aftermarket industry. Both sellers and buyers of used cars turn to the aftermarket to repair, upgrade and personalize their used car purchases. Aftermarket part suppliers can generate outlier valuations by establishing leading direct-to-consumer and order fulfillment infrastructures to capitalize on these strong underlying industry fundamentals.