“Don’s hiring comes at a pivotal time for the pharmaceutical services sector,” said Roderick O’Neill, Managing Director, Global Head of Healthcare Investment Banking at Lincoln International. “Private equity interest in pharmaceutical services platforms has flourished in recent years, and our clients will be well-served by his deep experience advising across the pharmaceutical development continuum.”

Over the last five years, biopharma has raised over $400 billion through the public and private funding markets, and large pharmaceutical companies have allocated over $800 billion to R&D. The pharmaceutical services sector has resultingly experienced robust growth and achieved significant scale, which has driven over 30,000 Phase I-III clinical trial starts and nearly 400 novel active substance global launches over the same period.

“Lincoln’s Healthcare Group advises best-in-class platforms operating in highly attractive end markets,” said Emily Wildes, Managing Director & Co-Head of Lincoln’s Healthcare Group. “Pharmaceutical services is a natural fit for our advisory capabilities, particularly as we continue to expand the breadth of solutions we provide to clients.”

Don has advised private equity-backed businesses, private equity sponsors, corporates and owner-operator-led businesses throughout his career. His focus at Lincoln will be advising clients who provide services and technologies to leading life sciences companies across the pharmaceutical services ecosystem, from early-stage discovery, into clinical development, through approval and beyond.

“Early in my career, I worked directly advising leading, innovative biotechnology companies, which has provided me with unique insights into the challenges and pain points throughout drug development stages and how pharmaceutical services companies are best positioned to partner with their clients to address them,” said Don. “I look forward to bringing my unique perspective and transaction experience to Lincoln’s established healthcare advisory platform.”

The post Lincoln International Adds Don Matz as Managing Director, Establishing Pharmaceutical Services M&A Coverage appeared first on Lincoln International LLC.

Our transaction opinions & board advisory team has once again earned top-tier placements in LSEG’s Q1 2026 league tables. Lincoln’s team was recognized as:

• #1 Global
• #2 U.S.
• #2 Americas
• #1 Europe
• #1 Asia-Pacific

Read the complete rankings.

The post Lincoln International Recognized as #1 Fairness Opinion Provider in Q1 2026 appeared first on Lincoln International LLC.

After a record year of investments in 2025, private equity sponsors in the financial services sector are apprehensive of how AI is changing operations for many financial services companies.

Antoine Dupont-Madinier, Managing Director in Lincoln International’s Financial Services Group, shared his insights with PitchBook.

“We see benefits in the sense that the human financial advisor will be a lot more precise, a lot more equipped with the relevant tools to deliver a better service to a client. They can also be more productive, to do more in a given day than they used to do before,” he said. “These will also need to be integrated into the ecosystem. We do not see yet a world where financial advisors get completely removed from the equation, at least not in the short to medium term.”

Read the original article.

The post PitchBook | PE Bet Big on Financial Advisors. AI is Making It Nervous appeared first on Lincoln International LLC.

Rising fuel prices in Q1 2026 created new implications for the freight market, and in particular, for supply chains. Ryan McDermott, Director in Lincoln International’s Business Services Group, shared his perspective with Transport Topics.

Higher oil prices and war-risk premiums, according to Ryan, are both factors in the increased costs in ocean freight, bunker fuel and insurance costs. Rising diesel prices are additionally putting upward pressure on contract and spot trucking rates.

“Carriers / brokers with lagged surcharge mechanisms may see temporary margin compression, but cost pass-through should normalize over time,” McDermott said. “The opposite is true for carriers that have fuel cost-plus models.”

Read the original article.

The post Transport Topics | Iran Conflict Turns Fuel into Freight Market’s Wild Card appeared first on Lincoln International LLC.

Lincoln International’s global investment banking platform is uniquely positioned to advise clients on navigating carve-out transactions in the Japanese market, which are typically highly complex and require prudent execution. The firm’s established team of advisors in Tokyo, supported by a unified global platform of 1,400+ professionals, support private equity clients with deep insights, proprietary valuations insights and specialized capital advisory services.

The post Navigating Carve-Outs in Japan’s Growing PE Market appeared first on Lincoln International LLC.

“We are thrilled to welcome Tom as a Senior Advisor to our valuations professionals,” said Ron Kahn, Managing Director & Global Co-Head of Valuations & Opinions. “Throughout his distinguished career as an investor, executive and board leader, Tom has established a reputation as a leader who builds cohesive, values-driven cultures and achieves sustainable growth. His insights will be invaluable as we continue to grow the scope and capabilities of Lincoln’s valuations advisory practice.”

Tom has extensive experience advising management teams, boards and investors on capital formation, strategic growth initiatives and value creation. He has also led numerous complex restructurings, including distressed investments, recapitalizations and operational turnarounds.

“Lincoln’s reputation as a proactive and trustworthy leader in the valuations space is one of the many reasons I am excited to begin my role as a Senior Advisor,” said Tom. “My own advisory approach emphasizes disciplined investing and the creation of enduring enterprise value, which is deeply aligned with the values and culture that drive Lincoln as a firm.”

Connect with Tom and Lincoln’s Valuations & Opinions leaders to learn how our team can help drive your success.

The post L. Thomas Gregory joins Lincoln International as a Senior Advisor appeared first on Lincoln International LLC.

Tighter liquidity and slower exits are two factors pushing the private capital markets into a tougher phase, making a faster pace of valuations and greater transparency increasingly crucial. In 2025, Lincoln International performed 25,000 portfolio company valuations, including private credit and private equity, and 30% of those were done more frequently than quarterly.

Brian Garfield, Managing Director and Global Head of portfolio valuations, recently shared his insights with Pensions & Investments.

“It’s not a new trend to see valuations being done more frequently than quarterly in our seats, and we’ve seen that growth occur terms of the number of…asset managers using a third party on a more frequent cadence, alongside the increasing redemption subscription activity that you see in the private capital markets,” Brian said.

Read the original article.

The post Pensions & Investments | Private Credit Accelerates Valuation Frequency Amid Transparency Scrutiny appeared first on Lincoln International LLC.

The pet industry continues to benefit from strong secular tailwinds, including premiumization, increasing pet humanization and a heightened focus on health and wellness. There was high energy across the floor at the show, reflecting rising optimism and an increasingly positive outlook for the industry.

Lincoln continues to see strong interest from strategic and financial buyers, and with a pipeline of near-term sale processes across brands, private label and contract manufacturers, it is exciting to be on the precipice of a mergers and acquisitions (M&A) uptick in 2026.

The post Global Pet Expo 2026: Positivity to Drive an M&A Increase appeared first on Lincoln International LLC.

Srividya Gopal, Managing Director and leader of Lincoln’s Middle East practice, recently shared her perspective on the rapid growth and evolution of private capital in the Middle East in a candid conversation with the International Valuation Standards Council. Highlights of her conversation are below.

The post Middle East Growth Trajectory—Governance, Global Standards and Valuation Best Practices appeared first on Lincoln International LLC.

Some buyers and lenders are facing losses as the post-pandemic software boom has fallen into a cyclical downturn. Rising interest rates and declining software growth rates have exposed private equity and private credit investors to potential losses, especially those who purchased assets in 2021 and 2022. Compounding the problem, stress in software credit may make it more difficult for private equity to refinance existing debt or finance new transactions.

Still, bright spots exist in the software industry for private credit and private equity sponsors. Scott Twibell, Managing Director and Co-Head of Technology, shared his insights with S&P Global.

“Software deals on the smaller size—sub $500 million—are having an easier time to access private credit markets,” Scott said.

Read the article.

The post S&P Global | Software Debt Sell-off Signals Cyclical Turn for Private Equity and Credit appeared first on Lincoln International LLC.