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Partial Liquidity Alternatives for Private Equity: An Attractive Option to a Full Exit

The largest PE funds are effectively using PLAs to accelerate their DPI, but the middle market has been slower to adopt them. That said, it will only be a matter of time before most middle-market sponsors adopt PLAs as an alternative to a sale.

Articles

Lincoln Private Market Index Increases Marginally on Higher Fundamental Performance Despite Multiple Pressure

The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 0.8% during the third quarter of 2023.

Articles

Private Equity and Private Credit Resiliency is Not an Illusion

Lincoln International explores key differences between the public and private markets and explains the valuation and volatility gap that exists by unpacking three key misconceptions.

We provide strategic advisory utilizing deep industry expertise and unique market perspectives.

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An Overview of the Lincoln Senior Debt Index

The Lincoln Senior Debt Index is a quarterly index that tracks the fair market value of 500+ middle market, direct lending credit investments every quarter across approximately 100 fund clients.…

Best Practices for Preparing a Corporate Carve Out

While macroeconomic challenges and rising interest rates correlate to a slowdown in mergers and acquisitions, corporate carve out transactions often see significant upticks during times of economic uncertainty as businesses…

Transport Topics | Mergers and Acquisitions Market Begins to Accelerate

Originally posted by Transport Topics on November 13, 2023. Mergers and acquisitions (M&A) activity is anticipated to rise, given the stabilization of economic challenges and the adaptation of industry players…

Media Digest: Q3 2023 Lincoln Private Market Index

Our Valuations & Opinions Group recently discussed findings from the Q3 2023 Lincoln Private Market Index with several publications. Terminal CFO LevFin Insights PE Professional Pitchbook Axios Blackstone

Middle Market Musings Podcast

Originally posted by Middle Market Musings in October 2023. Chief Executive Officer Rob Brown offers a perspective on how private equity and the firm have developed over the course of…

Recycled Plastics Market Draws Investor Attention

Not a day goes by without the announcement of a new regulatory, industrial, or commercial initiative relating to the European circular economy, making it a major topic for corporates and…

Corporate Carve Outs: A Strategic Growth Tool for Turbulent Times

When challenges arise in the economic environment, businesses become much less interested in discretionary acquisitions—particularly larger deals or at higher multiples, creating a need for dealmaking alternatives. The result is…

An Overview of the Lincoln Private Market Index

The Lincoln Private Market Index (f/k/a Lincoln Middle Market Index), is the only index that tracks changes in the enterprise value of U.S. privately held companies—primarily those owned by private…

Lincoln Private Market Index Increases Marginally on Higher Fundamental Performance Despite Multiple Pressure

While private companies continued to achieve earnings growth, revenue growth slowed for a second straight quarter The Lincoln Private Market Index (LPMI), the only index that tracks changes in the…

In Japan, M&A Set To Climb Amidst Low Rates And Regulatory Changes

Japan is a country with advanced and independent sensibilities in terms of its traditions, aesthetics and, especially, how it does business – demonstrable in a 14 percent increase in mergers…

European Market Buzz: Emerging Trends

The European market is bustling with a myriad of activities and developments. Richard Olson, Managing Director in Lincoln’s Valuations & Opinions Group, discussed some of these dynamics with several publications.…

Partial Liquidity Alternatives for Private Equity: An Attractive Option to a Full Exit

Private equity is facing a challenging operating environment. The convergence of inflation, rising interest rates and a host of other economic challenges have compressed equity values and limited full exits…

pemacom | Outlook for the German M&A Market in 2023

Originally published by pemacom on September, 19, 2023. 1. Challenging Economic Environment Following a weak second half of 2022, the number of M&A deals will continue to decline in…

The Lead Left Webinar | Navigating the 2023 M&A Landscape

Originally posted by The Lead Left on October 9, 2023. Christine Tiseo, Managing Director and co-head of Lincoln’s Capital Advisory Group, recently participated on a panel where industry experts discussed…

Affärsvärlden | Increasingly Lower Activity in the M&A Market – But Advisers See Glimmers of Light

Originally posted by Affärsvärlden on October 6, 2023. While the total number of acquisitions fell in Sweden during the third quarter, transaction value increased, and new legislation and other market…

UK Financial Conduct Authority Plans to Review Private Market Valuations

The UK Financial Conduct Authority (FCA) recently announced that it plans to review private market valuations. Richard Olson, Managing Director in Lincoln’s Valuations & Opinions Group, discussed the impact that…

Real Deals | Adapting to the Dealmaking Drought

Originally posted by Real Deals on September 26, 2023. 2023 has seen slower deal activity across Europe and many are hopeful that the market will pick up in the near…

Real Deals | Yield of Dreams

Originally posted by Real Deals on August 29, 2023. Private debt is growing quickly despite rising interest rates. Recent Preqin data indicated that $33.7 billion was raised in Europe in…

HealthInvestor | CMA Launches Review of Vet Sector

Originally posted by HealthInvestor on September 7, 2023. The Competition and Markets Authority (CMA) has begun reviewing UK veterinary services to uncover how well the market is working for pet…

Dividend Recapitalization Activity Shows Signs of Renewed Life

The dividend recapitalization market slowed down in 2nd half of 2022 as companies digested rising interest rates. However, in recent months, there has been an uptick in volume as borrowers…

Conceiving Success: Growth and Consolidation in IVF in APAC and the Middle East

In-vitro fertilization in Asia-Pacific and the Middle East is growing quickly due to several factors; the industry’s rapid growth offers an opportunity for investors to capitalize on momentum. In a…

No Surprises Act Changes U.S. Healthcare System

The implementation of the No Surprises Act (NSA)’s out-of-network (OON) billing restrictions, coupled with its disclosure and transparency requirements, has resulted in significant changes to healthcare financing and consumption across…

Webinar | Valuations & Opinions Group Q3 2023 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q3 2023 Private Market Webinar. All request submissions will be evaluated and a member of our team will…

Lincoln’s Latest

Lincoln’s Latest video series features experts from across industries, services and geographies, sharing perspectives on current trends, recent observations and future outlooks.

Webinar | Valuations & Opinions Group Q2 2023 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q2 2023 Private Market Webinar. All request submissions will be evaluated and a member of our team will…

Investors Seek Protection in the Safety Workwear Market

The safety workwear industry is a highly resilient and very attractive market that covers all personal protective equipment from head to toe, including helmets, goggles, gloves, shoes, protective clothing and…

LevFin Insights | EMEA Insight: Floor but no Ceiling: European Direct Lenders Keen to Prepare Loan Agreements for Falling Interest Rates

Originally posted by LevFin Insights on August 7, 2023. As inflation is easing and many are predicting interest rates will decline in the near term, direct lenders are requesting 1-2%…

Lincoln Private Market Index Gains Ground Amid Stable Private Company Growth

Although topline growth has slowed, private companies continue to achieve increased earnings The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S.…

Pitchbook | European Banks Claw Back Mid-market Share as Funds Chase Big Deals

Originally posted by Pitchbook on July 28, 2023. The private debt market has grown exponentially over the past few years. In the current economic environment with rising debt costs and…

Prepping for an Active M&A Market

While macroeconomic conditions remain uncertain and the mergers and acquisitions (M&A) market awaits more active days, management teams could develop a “playbook” of the specific strategic initiatives and actions that…

Gaining Momentum: European M&A Outlook for H2 2023

The mergers and acquisitions (M&A) market will remain challenged throughout 2023 although dealmakers are learning to live with the uncertainty. In the last 12 months, private equity (PE) has been…

Bloomberg TV and Radio | Lincoln International CEO Sees Improving Economic Outlook

Originally aired on Bloomberg on July 19, 2023. Rob Brown, CEO of Lincoln International, discusses signs of a more positive dealmaking environment for the second half of the year. Watch…

Webinar | Q2 European Private Market Insights and Q3 Outlook

Thank you for your interest in Lincoln’s Webinar: Q2 European Private Market Insights and Q3 Outlook. All request submissions will be evaluated and a member of our team will contact…

German Broadband Infrastructure Market Set for Further Consolidation

It is no longer a surprise that access to high-speed internet is a necessity for individuals, businesses and governments worldwide. In Germany, the federal government has recognized this and set…

Riding the Sound Waves – Key Trends in the Audio Industry

The audio equipment industry, a sub-sector of the $263 billion global professional audio/visual (AV) market, is a large, diversified and resilient sector that is projected to grow significantly over coming…

Cybersecurity: Zeroing in on Current and Future Trends

As we enter the second half of the year, the state of cybersecurity is coming into sharper focus following a tumultuous 2022. Here are Lincoln International’s key observations and predictions.…

Webinar | Introduction to International Valuation Standards to Council

Thank you for your interest in Lincoln’s Webinar: Introduction to International Valuation Standards to Council. Please complete the form below to view this presentation.

DVZ | Logistics and Transport M&A is on the Up

Originally published by DVZ on June 20, 2023. View the original article (German). Read the article translated to English below: Against the backdrop of macroeconomic headwinds and the rapid normalization…

Investor Appetite for Frozen Food Grows

In the U.S. and in Europe the frozen food market continues to grow. The overall mega themes of products that are high-quality, clean, convenient, fresh, long-lasting, less wasteful and flavorful…

Real Deals | PE-backed Companies Performing ‘Robustly’ Compared to Public Companies

Originally posted by Real Deals on June 7, 2023. According to Lincoln International’s proprietary Valuations & Opinions Group Q1 2023 data, European private companies are performing better than public companies…

Leading Indicators Show Declining Ability to Service Debt

According to Lincoln International’s proprietary private market database, maintained by Lincoln’s Valuations & Opinions Group, highly leveraged, privately-held companies are feeling the pinch as rising interest rates begin to take…

How Consumer Products & Services Companies Are Viewing M&A Outlook for 2023

In today’s dealmaking environment, uncertainty and caution reign supreme. Consumer confidence has seen declines as high inflation and recession fears dominate. At the same time, investors continue to look for…

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Our Thinking

An Overview of the Lincoln Senior Debt Index

Best Practices for Preparing a Corporate Carve Out

Transport Topics | Mergers and Acquisitions Market Begins to Accelerate

Media Digest: Q3 2023 Lincoln Private Market Index

Middle Market Musings Podcast

Recycled Plastics Market Draws Investor Attention

Corporate Carve Outs: A Strategic Growth Tool for Turbulent Times

An Overview of the Lincoln Private Market Index

Lincoln Private Market Index Increases Marginally on Higher Fundamental Performance Despite Multiple Pressure

In Japan, M&A Set To Climb Amidst Low Rates And Regulatory Changes

European Market Buzz: Emerging Trends

Partial Liquidity Alternatives for Private Equity: An Attractive Option to a Full Exit

pemacom | Outlook for the German M&A Market in 2023

The Lead Left Webinar | Navigating the 2023 M&A Landscape

Affärsvärlden | Increasingly Lower Activity in the M&A Market – But Advisers See Glimmers of Light

UK Financial Conduct Authority Plans to Review Private Market Valuations

Real Deals | Adapting to the Dealmaking Drought

Real Deals | Yield of Dreams

HealthInvestor | CMA Launches Review of Vet Sector

Dividend Recapitalization Activity Shows Signs of Renewed Life

Conceiving Success: Growth and Consolidation in IVF in APAC and the Middle East

No Surprises Act Changes U.S. Healthcare System

Webinar | Valuations & Opinions Group Q3 2023 Private Market Webinar

Lincoln’s Latest

Webinar | Valuations & Opinions Group Q2 2023 Private Market Webinar

Investors Seek Protection in the Safety Workwear Market

LevFin Insights | EMEA Insight: Floor but no Ceiling: European Direct Lenders Keen to Prepare Loan Agreements for Falling Interest Rates

Lincoln Private Market Index Gains Ground Amid Stable Private Company Growth

Pitchbook | European Banks Claw Back Mid-market Share as Funds Chase Big Deals

Prepping for an Active M&A Market

Gaining Momentum: European M&A Outlook for H2 2023

Bloomberg TV and Radio | Lincoln International CEO Sees Improving Economic Outlook

Webinar | Q2 European Private Market Insights and Q3 Outlook

German Broadband Infrastructure Market Set for Further Consolidation

Riding the Sound Waves – Key Trends in the Audio Industry

Cybersecurity: Zeroing in on Current and Future Trends

Webinar | Introduction to International Valuation Standards to Council

DVZ | Logistics and Transport M&A is on the Up

Investor Appetite for Frozen Food Grows

Real Deals | PE-backed Companies Performing ‘Robustly’ Compared to Public Companies

Leading Indicators Show Declining Ability to Service Debt

How Consumer Products & Services Companies Are Viewing M&A Outlook for 2023