Related Perspectives

Meet our Senior Team in Valuations & Opinions

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Hardeep Singh

Hardeep is a member of the firm’s Valuations & Opinions Group, focusing on fairness and solvency opinions. He provides financial, transaction and valuation advice across multiple industries to private equity… Read More about Hardeep Singh

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Dividend Recap Activity Reaches All-Time High

What drives this activity and what risks do boards face? As the initial economic fallout from COVID-19 dissipated towards the end of 2020, the drought of dividend recaps in 1H20… Read More about Dividend Recap Activity Reaches All-Time High

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Kevin Brooks

Kevin is a Director in Lincoln’s transaction opinions and board advisory team. He has over a decade of experience providing fairness and solvency opinions and advising boards, special committees and… Read More about Kevin Brooks

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Atit Sheth

Atit provides fairness opinions, solvency opinions and other financial and valuation advisory services to private and public clients across all industries. His expertise encompasses a broad range of complex transactions,… Read More about Atit Sheth

Lincoln International Releases Proprietary Q1 2021 Middle Market Index

Private Company Enterprise Value Momentum Continues in Q1 2021 as the Lincoln MMI Climbs to Another Record High In the first quarter of 2021, the Lincoln Middle Market Index (Lincoln… Read More about Lincoln International Releases Proprietary Q1 2021 Middle Market Index

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Private Debt Investor | Lone Note: State Support Delays Corporate Bankruptcy; Businesses Creep Closer to Covenant Breach

Originally published by Private Debt Investor on May 11, 2021. Richard Olson, Managing Director in Lincoln’s Valuations & Opinions Group, discusses findings from the most recent European private company valuation insights,… Read More about Private Debt Investor | Lone Note: State Support Delays Corporate Bankruptcy; Businesses Creep Closer to Covenant Breach

AltAssets | PE-backed European Consumer Companies Close to Breaching Debt Covenants

Originally published by AltAssets on May 7, 2021. Consumer companies’ average EBITDA leverage levels from January to March were at 6.7x, with just 4% headroom available before breaching lenders’ covenants,… Read More about AltAssets | PE-backed European Consumer Companies Close to Breaching Debt Covenants

Webinar | Spring 2021 European Insights: Key Takeaways from our Capital Advisory, M&A, and Valuations & Opinions Groups

With one quarter of 2021 under our belts, Lincoln’s capital advisory, M&A and valuation & opinions professionals convened in a recent webinar to discuss current trends and their outlook for… Read More about Webinar | Spring 2021 European Insights: Key Takeaways from our Capital Advisory, M&A, and Valuations & Opinions Groups

Webinar | Spring 2021 European Insights: Key Takeaways from our Capital Advisory, M&A, and Valuations & Opinions Groups

With one quarter of 2021 under our belts, Lincoln’s capital advisory, M&A and valuation & opinions professionals convened in a recent webinar to discuss current trends and their outlook for… Read More about Webinar | Spring 2021 European Insights: Key Takeaways from our Capital Advisory, M&A, and Valuations & Opinions Groups

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CFO Dive | Despite Gains in Hard-Hit Sectors, Be Realistic on Valuations

Originally published by CFO Dive on April 14, 2021. The outlook across sectors is better than expected, but forecasts must be achievable. When the pandemic began, CFOs tended to be… Read More about CFO Dive | Despite Gains in Hard-Hit Sectors, Be Realistic on Valuations

Webinar | Software Financings and the Rise of the Non-Bank Lending Market

On Wednesday, April 14, 2021, Lincoln International hosted a webinar to discuss the latest trends in software financings. With a shift in the market towards non-bank lenders, software businesses that… Read More about Webinar | Software Financings and the Rise of the Non-Bank Lending Market

Webinar | Software Financings and the Rise of the Non-Bank Lending Market

On Wednesday, April 14, 2021, Lincoln International hosted a webinar to discuss the latest trends in software financings. With a shift in the market towards non-bank lenders, software businesses that… Read More about Webinar | Software Financings and the Rise of the Non-Bank Lending Market

As the British Palate Diversifies, Investors Capitalize on South Asian Food Supplier Sector

While the UK’s grocery market has experienced little growth in recent years, the authentic South Asian cuisine market—offerings that incorporate ingredients, spices and food staples from India, Pakistan and Bangladesh—has… Read More about As the British Palate Diversifies, Investors Capitalize on South Asian Food Supplier Sector

Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Private Equity

On Thursday, March 25, 2021, a panel of Lincoln International professionals hosted a webinar discussing the following topics: Private Market Ev Trends Company Performance Trends and 2021 Outlook Market Update… Read More about Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Private Equity

Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Private Equity

On Thursday, March 25, 2021, a panel of Lincoln International professionals hosted a webinar discussing the following topics: Private Market Ev Trends Company Performance Trends and 2021 Outlook Market Update… Read More about Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Private Equity

Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Credit

On Wednesday, March 17, 2021, Lincoln International’s Valuations & Opinions Group hosted a webinar discussing private market EV trends, company performance trends and 2021 outlook, amendments and credit markets, fair… Read More about Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Credit

Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Credit

On Wednesday, March 17, 2021, Lincoln International’s Valuations & Opinions Group hosted a webinar discussing private market EV trends, company performance trends and 2021 outlook, amendments and credit markets, fair… Read More about Webinar | Lincoln’s Valuations & Opinions Group: Q1 2021 Credit

Private Debt Investor | Loan Note: Nominations Wanted for Women of Influence; Deal Market Bounces Back

Originally published by Private Debt Investor on March 15, 2021. Richard Olsen, Managing Director in Lincoln’s Valuations & Opinions Group, discusses why the deal market had a ‘pre-covid’ feel to… Read More about Private Debt Investor | Loan Note: Nominations Wanted for Women of Influence; Deal Market Bounces Back

CFO Dive | Are Normalized Earnings Acceptable? A Deep Dive into EBITDA Adjustments during the Pandemic

This article originally ran on February 26, 2021 on CFO Dive. The challenges created by the pandemic have led CFOs to evaluate whether they should include incremental adjustments to Earnings… Read More about CFO Dive | Are Normalized Earnings Acceptable? A Deep Dive into EBITDA Adjustments during the Pandemic

Private Equity News | LPs Beware: How Fair are PE Funds’ Valuations?

Originally published by Private Equity News on February 22, 2021. Richard Olsen, Managing Director in Lincoln’s Valuations & Opinions Group, provides his insights on a new study that has found… Read More about Private Equity News | LPs Beware: How Fair are PE Funds’ Valuations?

Lincoln International Releases Proprietary Q4 2020 Middle Market Index

Despite the challenges stemming from the pandemic, the concerted efforts of private equity funds, private debt lenders and their portfolio company management teams led to a substantial resiliency in private… Read More about Lincoln International Releases Proprietary Q4 2020 Middle Market Index

Webinar | New Year Valuations Insights

Lincoln International hosted a webinar on February 3, 2021, led by our European Valuations, M&A and Debt Advisory experts discussing proprietary insights sourced from private companies into Q4 2020 valuations… Read More about Webinar | New Year Valuations Insights

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Michael Minnis

Michael is a Senior Advisor to Lincoln’s Valuations and Opinions Group. He is a Professor of Accounting at the University of Chicago Booth School of Business, where he researches the… Read More about Michael Minnis

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Steven Kaplan

Steven is a Senior Advisor to Lincoln’s Valuations and Opinions Group. He is the Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance and Kessenich E.P. Faculty Director at the… Read More about Steven Kaplan

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New Year Brings Hot Valuation Topics To The Forefront

There is a well-known saying: “There are decades where nothing happens; and there are weeks where decades happen.” Clearly, this is a reflection of what market participants experienced in the… Read More about New Year Brings Hot Valuation Topics To The Forefront