Cybersecurity Report: Q4 2022

Cybersecurity mergers and acquisitions (M&A) and investment activity levels and values remained healthy in 2022, despite macro headwinds and public market declines. We expect strategic, investor and customer demand for… Read More

Q4 2022 Lincoln Senior Debt Index

The LSDI returned 0.9% for the fourth quarter. This represented the one of the lowest quarterly returns since the inception of the LSDI which began in Q4 2014.

EMS Quarterly Review Q4 2022

The EMS industry demonstrated increased deal activity and resilience during Q4 2022, despite current recessionary pressures. The continued electronics “supercycle” growth and “interconnection of everything” is fueling further demand in… Read More

Facilities Services Market Update Q4 2022

Overall, we remain optimistic that the facilities services M&A market will remain strong in 2023 for both financial and strategic buyers.

Packaging Quarterly Review Q4 2022

The final quarter of 2022 closed the year out on the same note as previous quarters, with a continued cooling of market activity. The total number of closed mergers and… Read More

Food & Beverage Market Update Q3 2022

Turbulent public credit and equity markets influenced by heightened concerns over a near-term recession have cooled the mergers and acquisitions (M&A) market. The Fed’s focus on curbing inflation has dampened… Read More

Cybersecurity Report: Q3 2022

Q3 2022 cyber mergers and acquisitions (M&A) continue to demonstrate relative buoyancy. Year-to-date (YTD) Q3 2022 cybersecurity M&A volume of $25 billion, while a decline compared to 2021’s record of $49… Read More

Q3 2022 Lincoln Senior Debt Index

The LSDI returned 0.7% for Q3; essentially unchanged from Q2. This represented the fourth lowest return since the inception of the LSDI in Q4 2014.

Aerospace & Defense Market Update Q3 2022

Despite the challenges noted in the public markets, Lincoln International’s recent A&D deal activity and discussions indicate a general consensus that private market M&A deal activity and valuations have remained… Read More

Q3 2022 Lincoln Private Market Index

Lincoln Private Market Index Modestly Increases, but Private Markets are Beginning to Cool Off Lincoln International’s 21st edition of the Lincoln Private Market Index (Lincoln PMI) reveals that in Q3… Read More

Distribution Quarterly Review Q3 2022

Public markets and the overall economy faced the same headwinds as in prior periods, with price inflation remaining stubbornly high even as supply chain snarls began to ease, employment growth… Read More

Chemicals Quarterly Review Q3 2022

During Q3 2022, the global financial markets were battered. Performance continued to trend downward as a result of market volatility and geopolitical uncertainty. We believe that continued uncertainty will weigh… Read More

Education Technology & Services Market Update: Q3 2022

Unlike 2021, the education mergers and acquisitions (M&A) market in 2022 has seen some rather dramatic changes since January.

EMS Quarterly Review Q3 2022

Over the past few months, the EMS industry demonstrated increased deal activity and positive performance, despite the macroeconomic challenges and the current recessionary pressures stemming from supply chain delays, inflationary… Read More

Facilities Services Market Update Q3 2022

After a series of record-breaking quarters throughout 2021, Q3 2022 marks another slight deceleration in mergers and acquisitions (M&A) activity, approximately 7,500 deals closed, according to S&P Global. Overall, we remain… Read More

Packaging Quarterly Review Q3 2022

As packaging companies seek to build resilient business models, they should consider strengthening operations through the solidification of their supply chain and the identification of more niche pockets of opportunity… Read More

Q2 2022 Lincoln Senior Debt Index

Rising spreads and yields – the two primary risks in this asset class are interest rate risk and credit risk. For the quarter ending June 30, 2022, yields of the… Read More

Cybersecurity Report: Q2 2022

Q2 2022 cyber mergers and acquisitions (M&A) demonstrated relative buoyancy despite broader headwinds. Cyber sector continues to show robust growth prospects, as spending drivers remain powerful.

Food & Beverage Market Update Q2 2022

The second quarter remained busy across the industry, but at a more normalized level compared to the record pace of 2021.We expect continued strength in the food and beverage deal… Read More

Q2 2022 Lincoln Private Market Index

Private Company Enterprise Values Increased Again to New Record Highs in Q2 2022 Lincoln International’s 20th edition of the Lincoln Private Market Index (Lincoln PMI) reveals that in Q2 2022,… Read More

Chemicals Quarterly Review Q2 2022

In Q2 2022, deflated performance continued broadly across the chemicals and materials sector. The industry is cautiously optimistic on a recovery despite ongoing Eastern Europe conflict, continued supply chain woes… Read More

Education Technology & Services Market Update: Q2 2022

…We can only hope that COVID-19’s impact on education mergers and acquisitions (M&A) is a little more short lived, and that we can soon re-focus on the fundamentals of the… Read More

Distribution Quarterly Review Q2 2022

Markets started to face headwinds from macroeconomic concerns and continuing problems with international supply chains and shipping lanes, a disrupted domestic labor market and the ongoing war in Ukraine; these… Read More

EMS Quarterly Review Q2 2022

While public company valuations have not increased at pace with the broader market, recent private company valuations and market activity continue to demonstrate the strength of current mergers and acquisitions… Read More

Facilities Services Market Update Q2 2022

During Q2 2022, private equity-backed facilities services companies were particularly active acquirers. Overall, we remain optimistic that the facilities services M&A market will continue to remain strong in 2022.