COVID-19 Insights and Opportunities

Coronavirus (COVID-19) has brought unprecedented change to the world. Experts from Lincoln’s industry and service groups and 16 countries share here the implications resulting from COVID-19.

Because news and information about the virus shifts often, this microsite will be updated frequently to share the latest – or evolving – perspectives from Lincoln’s investment banking advisors.

Click on a category below to view perspectives in that industry or service.

Summary

Business Services

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Outsourced Healthcare Logistics: Ripe for Private Equity Investment

Ample consolidation opportunity for private equity (PE) to capitalize on accelerating healthcare trends and consistent well-above GDP growth rates   Favorable market fundamentals supporting the mid-and-long-term outlook for healthcare third-party… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Lending Opportunities Abound for PE Investments in Digital Infrastructure

COVID-19 flipped the script on infrastructure investments. Lockdowns and travel restrictions have proven certain traditional infrastructure assets, like airports and public transportation hubs, are not always as low-risk an investment… Read More

Facilities & Industrial Services: 2022 Market Perspectives

Long-Term Trends Driving Growth and Underpinning Facilities and Industrial Services M&A Investor interest in facilities and industrial services remains high, given the numerous attractive tailwinds that underpin the sector’s resiliency… Read More

M&A Activity in Fire and Life Safety Services Continues to Heat Up

Long-Term Trends Underpinning the Fire and Life Safety Services Industry Amid mounting regulatory oversight and compliance expectations in the fire and life safety services sector, investors are pursuing roll-up strategies.… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

From Corporate Social Responsibility to PE Impact Funds: Investor Interest in ESG and Sustainability Gains Pace

Institutional investors are increasingly accountable for how they deploy capital. More so than the widespread divestment from fossil fuels over the last decade, some capital allocators today are seeking to… Read More

E-commerce, Sustainability and Digital Capabilities Drive Consolidation

Following a rebound in the first half of 2021, the outlook for the economy remains positive for the second half of the year as vaccination rates continue to climb and… Read More

Ocean & Air Freight Prioritize Scale

The first half of 2021 has seen global economies re-emerge from the 2020 pandemic-induced slump. Whilst the U.S. recovery is ahead of Europe and parts of Asia, there is strong… Read More

Webinar | Online Tutoring: Academic Success and College Admissions Prep

On Thursday, March 4, 2021, Lincoln International hosted a webinar with Revolution Prep, one of the leading providers of online instruction and personalized learning, discussing real-time trends in college admissions… Read More

Mergers & Acquisitions | M&A Forecast 2021: Logistics Deals Soar, as Covid Fuels E-Commerce

Gaurang Shastri, Managing Director with focus in Lincoln’s logistics and transportation sector, discusses with Mergers & Acquisitions the factors that will drive M&A activity in 2021. View full article originally… Read More

PEOs and EORs: U.S. Employers Turn to HR Outsourcing to Maximize Organizational Agility

While global competition, technology disruption and workforce demographic changes have moved many organizations to prioritize organizational and workforce agility, the COVID-19 crisis has kicked those efforts into overdrive. Since the… Read More

Cracking the Code: Innovation in Marketing Technology Sector Provides Opportunity for Private Equity Investors

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Webinar | Digital Strategy: The Next Tool in UK Building Products Distribution

On November 5, the UK entered a new lockdown. Effective until December 2, pubs, restaurants, non-essential shops, and entertainment venues are closed—and there are steep fines for those that do… Read More

Event | Lincoln Shares Insights about “Quality vs. Mediocrity” in Education

  One area where the two panelists represented arguably “middle-of-the-road” philosophies for their respective parties and agreed that the discussion around Pre-K-12 schools and the education of our children should… Read More

New Generation of Investment Opportunities in Human Capital Management Result from COVID-19

Few would disagree that 2019 was a candidate driven market when it came to hiring. With low unemployment and the underlying health of the economy sound, employers had to compete… Read More

Engineering & Consulting Services Sector Adjusts Amidst COVID-19 Uncertainty

While construction has been deemed an essential service across most of the country since the start of the pandemic, there nonetheless has been an impact for Engineering & Consulting (E&C)… Read More

Inbound Logistics | 3 Innovations on the Fast Track

View original post from Inbound Logistics on May 19, 2020 here. COVID-19 Supply Chain Resources & Recovery Strategies 3 Innovations on the Fast Track 1. Delivery drones. Their deployment has been fast… Read More

Human Capital Management Services Sector Update Amidst COVID-19

As Q1 2020 began, few could anticipate a disruption to the global economy of the breadth, depth and pace of that which we now face. Human capital services touch every… Read More

In Manufacturing and Distribution, “Recession Resilience” Is No Longer Enough

For years, potential buyers asked management teams how their companies weathered in the Great Recession. The present pandemic will be the next test of company resilience and value. Until recently,… Read More

COVID-19 Puts Spotlight on Organizational Investments in Human Capital Technology

Over the last decade, organizations around the world have debated the strategic merits and pace of investments in technology focused on the challenge of attracting, engaging and retaining talent. During… Read More

Powering Utility & Infrastructure Services M&A Activity in a COVID-19 Landscape

Last month, the Cybersecurity and Infrastructure Security Agency (CISA), along with other federal agencies, state and local governments and the private sector, created an advisory list of “Essential Critical Infrastructure… Read More

Varied Effects of COVID-19 Across Facilities Services Sectors

The Coronavirus Disease 2019 “Coronavirus (COVID-19)” crisis is an incredibly fast-moving and unprecedented challenge that has had widespread effects on the global economy and M&A activity in the middle market.… Read More

Teaching Without Classrooms: Education Investing in a COVID-19 World

Despite significant gains in online, or distance, learning over the last ten years, COVID-19 has enormously and irrevocably altered the education landscape in 2020. Technology adoption in primary and secondary… Read More

Getting from A to B: A Roadmap to Freight Forwarding

A Closer Look at Shifting Dynamics like COVID-19, Flight to Scale, and Tech Disruption Mar 2020 With the rolling in of a new decade came the inking of a “phase… Read More

Pitchbook | Q&A: Identifying the Non-Cyclical Sectors Most Resistant to a Potential Recession

Original post from Pitchbook on December 5, 2019 here.                                           … Read More

How are Business Owners and Investors Preparing for a Potential Recession?

Lincoln Managing Directors share unique insights about how Technology, Media & Telecom, Business Services and Healthcare business owners and investors are preparing for a potential recession.   Click below for… Read More

How is the Rapid Pace of Digitalization Causing Disruption Across Industry Verticals?

Lincoln International Managing Directors share how digitalization is causing disruption across Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or complete… Read More

What Current Growth Trends are Resonating with the Market?

Managing Directors at Lincoln International discuss the trends they are seeing in Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or… Read More

Q&A: How Labor Market Growth, Export of Services and Horizontalization Across Verticals are Driving Opportunity

View original post from Pitchbook on February 25, 2019 here.                                             … Read More

Filling the Gap – How Private Enterprise is Tackling the Up-Skilling and Re-Skilling Challenge

Much has been written over the last several months and years about the looming divide between available jobs and the supply of candidates with the requisite skills to fill those… Read More

Consumer

Beauty Independent | What Investors and Retailers are Looking for in Today’s Beauty Market

Originally published by Beauty Independent on November 10, 2022 Jessica Chia, Associate in Lincoln’s Consumer Group, joined Beauty Independent for an In Conversation webinar to discuss market trends in the… Read More

The Hidden Gem in European Pet Food: European Investors Spot New Opportunity in Raw & Gently Cooked Pet Food

European investors are capitalizing on the fastest growing segment of the European pet food category, powered by pet owners’ ongoing desire for higher quality and natural food options for their… Read More

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Promising M&A Outlook for Frozen Food Companies

Frozen foods have seen notable growth since 2019 as a result of shifting consumer behavior. Strong sales have enabled more efficiencies at scale, but some companies also face capacity constraints… Read More

Beauty Independent | In the Post-Girlboss Era, What Role Should a Brand Founder Play?

Originally published by Beauty Independent on October 30, 2022 Ashleigh Barker, Director in Lincoln’s Consumer Group, shares why it is important for brands to have a founder that serves as… Read More

A New Standard for Beauty and Apparel: Inclusive Products and Sustainable Brands

Investor interest in environmental, social and governance (ESG) increases daily. As a result, companies and brands are now being called upon to prioritize ESG activities in an authentic and transparent… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Pet Trends Impacting M&A in 2022

The pet industry has evolved significantly over the past few years with several trends impacting the way pet product brands, manufacturers, retailers, customers and investors view the sector. In 2020,… Read More

Reuters | Beauty and the Inflation Beast

Originally published by Reuters on August 17, 2022 Ashleigh Barker, Director in Lincoln’s Consumer Group, explains why the beauty industry experiences strong resiliency. Click here to read the original article.

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Beauty Independent | What Beauty Segment – Prestige, Mass, Masstige or Value – Will Win In A Shaky Economy?

Originally published by Beauty Independent on July 14, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, explains how consumer demand for beauty products remains strong despite economic uncertainty. Click here… Read More

M&A in Home Furnishings: Q&A with Lincoln Managing Director Tosh Dhanalal

Lincoln International recently welcomed Tosh Dhanalal to the firm as a Managing Director in the Consumer Group. Tosh comes to Lincoln with extensive experience advising founder-led, private equity (PE)-backed and… Read More

Investing in U.S. Food Remains Competitive

Financial and strategic investors often mention the competition to acquire a food company. Investors frequently ask Lincoln International for ideas and perspectives on approaching the food mergers and acquisitions (M&A)… Read More

Beauty and Apparel Sectors: Always in Vogue

Beauty and apparel trends are constantly evolving. Yet one constant is the resiliency of both sectors during previous economic downturns. The “lipstick effect,” or notion that consumers will spend on… Read More

Beauty Independent | With the Stock Market and VC Down This Year, What’s the Deal Environment Like for Emerging Beauty and Wellness Brands?

Originally published by Beauty Independent on May 17, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, offers insights into the beauty industry’s current market dynamics and shares funding strategies that… Read More

Beauty Independent | The State Of Indie Beauty

Originally published by Beauty Independent on May 4, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, discusses the current condition of the indie beauty industry, the challenges brands face and… Read More

Banking on Beauty: Q&A with Lincoln Director Ashleigh Barker

Lincoln International recently welcomed Ashleigh Barker to the firm as a Director in the Consumer Group. Ashleigh comes to Lincoln with extensive experience advising beauty and personal care clients on… Read More

Five Macro Trends Driving Growth in Global Branded Pet Food

Pet ownership has surged in recent years as pets have become valued members of household families, yielding benefits such as companionship, improved mental health and others. Continued increased pet ownership,… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Moneycontrol | Warburg Pincus-Backed Biba Apparels Picks Bankers for 2022 IPO

Originally published by Moneycontrol on January 10, 2022. Lincoln International’s Gaurav Marathe, Managing Director and CEO India, discusses the rise of IPO candidates in the apparel and clothing segment with Moneycontrol.… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

How the Asian Supply Chain is Impacting U.S. Businesses, and What That Means for M&A Activity

The COVID-19 crisis highlighted the fragility of supply chains in what has become a highly globalized and complex trade market. It exposed companies’ inability to adjust to demand and multi-faceted… Read More

“Play On” – Investing in the Post-COVID-19 Pandemic Experience Economy

As we come to terms with the lasting impacts of the COVID-19 pandemic, it’s fair to say we have entered a new age in the consumer economy. While nearly all… Read More

Real Deals | Consumer Business on Verge of Breaching Covenants

Originally published by Real Deals on September 27, 2021, by Simon Thompson. Private consumer businesses in the UK and Europe are close to breaching their lenders’ covenants. That is according to… Read More

Private Debt Investor | Loan Note: Defaults Still Loom in Consumer Sector; CIP Preps Renewables Debt Offering

Originally published by Private Debt Investor on September 23, 2021.  Richard Olson, Managing Director at Lincoln’s Valuations and Opinions Group discusses with Private Debt investor on consumer sector performance over… Read More

Summer of Spending: Opportunity for Investors as UK Leisure Industry Rebounds

With the UK falling in and out of lockdown since March 2020, the Bank of England is anticipating the biggest surge in household spending since 1988 upon the planned reopening… Read More

TransPerfect | Dynamics Driving Mergers and Acquisitions in the COVID Era

Originally published by TransPerfect on August 13, 2021.  The pandemic has really shaken things up, and the ripple effects continue to alter the business landscape. To understand how it’s affecting the… Read More

Differentiated Pet Food Brands Fetch High Multiples: Guidance for Sector Entrepreneurs

For investors, the recession resilient nature of the pet sector and its strong performance through multiple economic cycles has long been notable. Most recently, the pandemic solidified the sector’s resilience… Read More

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

For Western Brands, When Chinese Consumers Buy, Chinese Investment Follows

When Solid Gold, a U.S.-headquartered pet food brand, began selling its gut-healthy pet food through e-commerce giants JD.com and Tmall.com in China, little did they know that they may have… Read More

Money Control | Adulterated Honey Controversy: This is What Brand Experts Say

Originally published by Money Control on December 9, 2020.  Gaurav Marathe, Managing Director and CEO India, provides his perspective on the new study by the Centre for Science and Environment (CSE)… Read More

Add to Cart: Pandemic Accelerates Investment in Digital Commerce Technology

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Times of Entrepreneurship | Taking the Fight Outside

Mark Jones-Pritchard, Lincoln International  Director, discusses with the Times of Entrepreneurship how trends and investments in the outdoor recreation sector have been positively impacted by the COVID19 pandemic and the… Read More

Capital Sources beyond Consumer Spending: Key Considerations for Retail to Thrive in a Challenged Environment

RETAIL TO CONTINUE TO BE IMPACTED IN A POST-COVID WORLD In several earlier COVID-19 articles, we addressed a number of topics including how retailers could address COVID-19’s impact on consumer… Read More

The Next Course for UK Chain Restaurants

During the month of August, Britons were encouraged to dine out through the “Eat Out to Help Out” scheme. Every Monday, Tuesday and Wednesday participating restaurants offered a 50 percent… Read More

From Handbags to Athleisure, European Private Equity Investors Splurge on Luxury

Twenty years ago, Net-a-Porter (now YNAP following merger with Italy’s Yoox) started selling high-end fashion online. While its entrance to the luxury goods market was met with reluctance, it paved… Read More

As COVID-19 Impacts Consumer Behavior, Investors Remain Hungry for Food & Beverage Acquisitions

As COVID-19 spreads throughout the globe, food & beverage consumption at home has increased significantly. Rising demand has caught the attention of private equity investors with capital ready to deploy… Read More

As Outdoor Recreation Increases, So Does Opportunity for Investors

Over the past several years, an increasing number of US consumers have focused on living healthier lifestyles, driving growth for active and outdoor recreation sectors. This trend has continued despite… Read More

Mergermarket | Consumer Trendspotter on European M&A

View original document here, published July 17, 2020.                                Written by Mergermarket, the leading provider of forward-looking… Read More

CNBC Squawk Box Feature | Should Amazon Buy Macy’s?

View original post from CNBC on June 30, 2020 here. As brick-and-mortar shops maintain over 80% of retail sales, e-commerce platforms are exploring opportunities to take a slice of that revenue.… Read More

Unquote | Lincoln International Discusses European Gym Market

Aude Doyen and Harry Kalmanowicz, Lincoln Managing Directors, discuss with Unquote how the gym sector has been impacted due to the COVID-19 pandemic. As gyms and fitness clubs across Europe… Read More

Barron’s | Dominic Rispoli Discusses Retail Sector

Dominic Rispoli, Lincoln Managing Director, discusses with Barron’s how the retail sector has been impacted due to the COVID-19 pandemic. Particularly, the pandemic has underlined the power of Amazon, which… Read More

E-commerce and the Compression of Retail Disruption

In recent years, the consumer shopping experience was already experiencing rapid upheaval with e-commerce growing from 6.5% of total retail sales in 2014 to 11.0% in 2019(1); COVID-19 only accelerated… Read More

Awakening of the Healthcare Consumer

Since the beginning of the Information Age, there has been discussion around the importance, emergence, and empowerment of the health care consumer. This has been enabled and driven by rapid… Read More

Consolidation in Automotive Services Set to Accelerate with COVID-19

The COVID-19 pandemic has drastically altered the way people behave and how businesses operate. As part of those changes, society has also altered the way it moves. More specifically, in… Read More

Pet Sector M&A Insights and the Implications of COVID-19

In times of market volatility and economic downturns, investors gravitate to certain recession-resistant sectors.  Generally, the pet care category grew through the Great Recession when compared to the broader economy,… Read More

Restaurants – Preparing for the Future

While restaurants remain hyper focused on managing near-term liquidity and current operations, owners and managers are starting to shift their thinking toward what business will look like in the new… Read More

The Role of “Physical Space”: New Constraints for Retail in a Post-COVID World

In an earlier COVID-19 article, we addressed how COVID-19 might impact consumer spending habits. In addition to shifts in spending behaviors, the very location where said spending occurs will be… Read More

Trends in Digital Fitness

The Fitness Industry is Being Disrupted by New Business Models, Digital Delivery and Subscription Commerce The fitness industry has already been experiencing the massive growth of digital fitness, out-of-studio experiences… Read More

Fitness Industry Insights: Working Out Solutions Amidst Uncertainty

With the spread of COVID-19, social distancing and orders to “shelter in place,” health clubs everywhere are grappling with sudden and significant business challenges – as well as profound uncertainty… Read More

How COVID-19 Could Change Consumer Spending Behavior, Even in a Post-Pandemic World

As people stock chest freezers with frozen meals and stores and restaurants temporality shutter their doors, COVID-19 has undoubtedly created significant disruption within consumer purchasing in the restaurant, retail and… Read More

Thinking Outside The Box

Restaurants have never faced such a challenging operating environment with the combined risks to the health and wellbeing of their staff and customers, along with purely seeking to get through… Read More

Restaurant Investors Are Expected to Remain Active in 2020

Buyers Are Sitting on Capital That Needs to be Deployed While middle market restaurant brands once aggressively pursued IPO’s as the liquidity event of choice, today private equity and family… Read More

King & Spalding Food & Beverage Webinar | Key Issues in 2020

Aaron Goldstein, Lincoln International Managing Director, joined King & Spalding and a panel of other food & beverage experts to discuss what to expect in the sector in 2020. Complete… Read More

Pitchbook | Q&A: Identifying the Non-Cyclical Sectors Most Resistant to a Potential Recession

Original post from Pitchbook on December 5, 2019 here.                                           … Read More

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… Read More

Appetizing Investing in Unbranded Food Manufacturers

Published by Food Dive on October 16, 2019 The food industry is rich with investment opportunities, many of which are in unbranded food. Changes in consumer preferences are creating growth… Read More

InspiredInsider Interview | Food & Beverage Brands

Aaron Goldstein shares his perspectives on the attributes of highly valued food & beverage brands in this InspiredInsider interview at the Sweets & Snacks Expo. Topics discussed include brand authenticity,… Read More

Global Veterinary Services Market: On Cloud Canine

Pets are no longer just man’s best friend, but an increasingly integral member of the family unit. Owners are humanizing their pets, aspiring to provide the best comfort and health… Read More

U.S. Restaurant Owners’ Optimism Amidst Ongoing Challenges

While data through the first half of 2019 suggests that the restaurant sector continues to feel the lumps of changing consumer tastes (primarily around convenience) and certain economic challenges (like… Read More

The Evolving U.S. Pet Retail Landscape & Broader Impact on Pet Sector

The pet retail sector continues to generate strong momentum against a backdrop of numerous favorable industry trends: The “pets as family” trend is as strong as ever, with 95% of… Read More

Consumers in Control & the Role of Brands

Lincoln Managing Directors discuss the way consumers are in the driver’s seat as it relates to branded and non-branded food companies. Click the banner above to watch the video.  … Read More

How Retail is Performing Amidst Constant Change

Lincoln Managing Directors discuss brick & mortar retail approaches with the integration of technology. Click the banner above to watch the video.     Rob Brown: So, Dom is our… Read More

How Companies are Mastering the Internet Economy

Lincoln Managing Directors discuss the evolution of consumer behavior and what it means for the economy. Click the banner above to watch the video.     Rob Brown: So why… Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Pulse on Current Consumer Market Conditions

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Mergers & Acquisitions Magazine | Q&A Excerpt: Chris Stradling Shares Outlook

Originally published by Mergers & Acquisitions on May 28, 2019 | Excerpt from interviews with eight M&A advisors serving the mid-market Buyers should specialize, recommends Christopher Stradling, Lincoln International What… Read More

Key Ingredients of Highly Valued Food & Beverage Brands

Published by Food Dive on May 13, 2019 In 2018, there were more than 600 mergers and acquisitions in the food and beverage sector. A lot of buzz is created… Read More

Restaurants Finance Monitor | Lincoln International Brings Global Emphasis to Restaurant Investment Banking

Consumer Group Director, Charles Walder, recently contributed his perspectives about Lincoln’s global connectedness for Restaurants Finance Monitor. He discusses the variety services Lincoln delivers in the restaurant sector including investment… Read More

Change is on the Menu for Restaurants

The Restaurants industry is evolving as fast as it ever has, with globalization, changing consumer preferences and technology increasingly impacting concepts across the dining spectrum: from QSR to fine dining. … Read More

The Millennial Impact on Consumer Investment

It’s not a millennial moment, it’s a movement. While the millennial generation is blamed for everything from lower birth rates to declining mayonnaise sales, one thing is clear: they are… Read More

It’s Not Innovate or Die; It’s Innovate or Buy

The retail industry isn’t dying, it’s changing. While store closures and bankruptcy headlines are still prevalent, consumer sentiment in September 2018 reached the second-highest level since 2004, according to the… Read More

Investment in the Consumer Sector

Lincoln Managing Directors discuss enthusiasm for M&A in the consumer sector and how rapid change is acting as a catalyst for investment and innovation.

The Changing Dynamics of Retail

Lincoln Managing Directors discuss the evolution of retail and how companies are integrating technology and unique experiences to remain relevant and importantly – competitive.

Changing Consumer Preferences

Managing Directors in Lincoln’s Consumer Group, share how Millennials are influencing preference shifts in the Consumer sector overall.

Energy, Power & Infrastructure

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Sustainable Energy Investment Trends: Insight from Private Equity

As stakeholder priorities on environmental, social and governance (ESG) continue to crystallize at a rapid pace, investors are often allocating capital aligned with sustainable energy efforts to incorporate more environmental… Read More

Looking to Europe for Insight on the Increasing Criticality of ESG in Investing

As enthusiasm for Environmental, Social and Governance (ESG) investment continues to rise, businesses and institutional investors are shifting focus to maximize the impact of purpose-driven investments and take advantage of… Read More

Long-Term Trends Underpinning Utility Services M&A

Investor interest in utility services will remain high given the numerous attractive tailwinds that underpin the sector’s resiliency and growth potential. For telecom, power, gas and water/wastewater, regulatory and public… Read More

Data Center Download: Accelerating Growth, Record Interest in the Space and Transformational Opportunities

Our world has become more reliant than ever on data. As technological innovation stretches from the smartphones in our pockets to wearables, self-driving cars, cloud computing, artificial intelligence, Industry 4.0… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Energy Power & Infrastructure

Bright Spot: The Sun Shines on Solar Energy Investment

Renewable energy generation is a growing priority for countries across the globe. In 2015, 196 parties adopted the Paris Climate Agreement and in 2021 the United Nations Framework Convention on… Read More

Powering Utility & Infrastructure Services M&A Activity in a COVID-19 Landscape

Last month, the Cybersecurity and Infrastructure Security Agency (CISA), along with other federal agencies, state and local governments and the private sector, created an advisory list of “Essential Critical Infrastructure… Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Healthcare

In Vivo Pharma Intelligence | The Growth Path for Drug Discovery Partners

Originally published by In Vivo Pharma Intelligence on November 15, 2022 James West, Director in Lincoln’s Healthcare Group, explains the key trends and mergers and acquisitions (M&A) dynamics in the… Read More

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Surging Medical Inflation Fuels Continued Interest in Self-Funding and Cost Containment

During the past 18 months, inflation has accelerated to levels not seen since the early 1980s. The cost of energy, food and other staples has increased rapidly and is expected… Read More

Discovering the Investment Opportunity in Pre-Clinical CROs

The process to bring a drug to market is likely to be extensive and costly, from the starting points of research and development (R&D) across all phases of clinical trials… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Business Insider | Healthcare Targets and Corporate Orphans Take Center Stage Amid a Dearth of M&A Activity

Originally published by Business Insider on August 2, 2022. Rob Brown, Global Chief Executive Officer of Lincoln International, discusses Amazon’s acquisition of One Medical and the state of the healthcare… Read More

Mint | Hospital investors line up over $2 bn in exits as covid-19 recedes

Originally published by Mint on May 16, 2022. Lincoln International’s Gaurav Marathe, Managing Director and CEO India, discusses hospital chain performance during the pandemic and future considerations for investors. Click here… Read More

The Corner Series Podcast | Investor Interest: What’s Happening in Home Healthcare?

Barry Freeman, Managing Director in Lincoln’s Healthcare Group, joins Geoff Cockrell, host of the The Corner Series podcast, to discuss trends and investing opportunities in home health, hospice and palliative… Read More

M&A Activity Remains Strong for Companies Supporting Employer-Sponsored Health Benefits

Employer-sponsored, self-funded medical plans have grown in popularity since the implementation of ERISA in the 1970s and now cover nearly two-thirds of all employees and one-third of all Americans. Medical… Read More

Scrip | What Does 2022 Hold For Biopharma?

Originally published by SCRIP on February 8 , 2022. James West, Director in Lincoln’s Healthcare Group shares that there has been increased private equity firm’s interest in the Biopharma space and… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

PRWeek | Healthcare M&A in 2022: private equity has ‘huge interest’ in medcomms agencies

Originally published by PRWeek on December 8, 2021. James West, Director in Lincoln’s Healthcare Group discusses private equity firm’s interest in the medcomms space and the forecast for Healthcare M&A activity… Read More

PRWeek | 2021 Will Be Known As Year Medcomms M&A Went Into Overdrive

Originally published by PRWeek on November 10, 2021, by James West. Several large agency groups have taken on fresh private equity capital for the first time this year and many others… Read More

Event | Economic and Healthcare Spending

On 6 November 2021, the Lincoln International Healthcare team hosted a C-Suite focused evening at Dartmouth House in Mayfair, co-sponsored by CIL Consulting and Global Counsel, with guest speakers David… Read More

Animal Health Players Pursue Vertical Integration as a Path to Growth

Animal health businesses that have established a strong presence within their area of expertise, may be considering where the next best path to growth lies. While cross-border expansion and consolidation… Read More

Cross-Border Deals: The Right Prescription for Animal Health

As the humanization of pets continues and pet lifespans grow longer, investment opportunities in animal health abound. While most animal health companies will first look for growth within their own… Read More

The Pharmaceutical Journal | Is Amazon Really a Threat to the UK Pharmacy Market?

Matthew Lee, Managing Director at Lincoln International joins the Pharmaceutical Journal deputy news editor, Carolyn Wickware, in a recent episode of The PJ Pod to share his thoughts on the… Read More

Whitepaper: 2021 Outlook for Value-Based Care and the Self-Insured Employer Marketplace

Numerous efforts to transition the U.S. healthcare system to a value-based care construct have been attempted during the past couple decades, including top-down initiatives such as accountable care organizations, with… Read More

Animal Health in the UK: Insights from the LaingBuisson Investing in Healthcare Conference

Pet ownership in the UK increased during the pandemic as animals provided comfort and companionship that individuals lacked during lockdown. Matthew Lee, Managing Director at Lincoln International, joined other industry… Read More

Driving the Deal Podcast | Analyzing Shifts in Healthcare Private Equity Trends

Barry Freeman, Managing Director and Co-head of Healthcare at Lincoln International joins McDermott Partner Krist Werling in a recent episode of the Collaborative Transformation: Driving the Deal series to speak… Read More

MergerMarket | Private Homecare Giants Taking Stock Of Going Public

Originally published by Mergermarket in March 2021. Managing Director in Lincoln’s Healthcare Group, Barry Freeman, provides insights on home health mergers and acquisitions. Click here to view the full article… Read More

Farragut Webinar | 2021 Outlook for Value-Based Care and the Self-Insured Employer Marketplace

On Thursday, March 18, 2021, Lincoln International’s Barry Freeman and Michael Siano joined Farragut Square Group’s webinar, to discuss why we are seeing so many deals among value-based care (VBC)-focused… Read More

Q&A with Lincoln Healthcare Director James West: The Future of UK Pharma Services and Manufacturing

Lincoln International recently welcomed James West, a London-based Director in the firm’s global Healthcare Group. With a unique background as a pharmacist turned life sciences investment banker, James joins Lincoln… Read More

Across the Table Podcast | Healthcare Private Equity

Barry Freeman, Managing Director in Lincoln’s Healthcare Group, joins Geoff Cockrell, host of the Across The Table podcast, and McGuireWoods associate, Trey Andrews, to discuss the growing shift toward home… Read More

Q&A with Lincoln’s Newest Healthcare Managing Directors: Unpacking Market Dynamics & Deal-making for the Months Ahead

In summer 2020, Lincoln International welcomed three healthcare Managing Directors – Dirk-Oliver Löffler, in Germany, Roddy O’Neill, in New York, and Emily Wildes, in Chicago. Their arrival complements a global… Read More

In a Post-COVID Climate, Home is Where the Care Is

The 65-and-older population has ballooned by over a third (34.2% or 13,787,044) during the past decade, according to the U.S. Census Bureau. With a growing pool of older Americans, investors… Read More

Wall Street Journal | Medical-Device Investment Rises in Second Quarter

Brian Bock, Lincoln International Managing Director, discusses with the The Wall Street Journal how investments in the medical device sector have been impacted by the #COVID19 pandemic and the expectation that they should rise… Read More

Webinar | UK Nursery Sector: Navigating the Financing Market in the COVID-19 Environment

On May 21, 2020, a panel of Lincoln International’s European capital advisory and healthcare experts discussed the impact of COVID-19 on financing markets in the nursery sector. Topics covered include:… Read More

Awakening of the Healthcare Consumer

Since the beginning of the Information Age, there has been discussion around the importance, emergence, and empowerment of the health care consumer. This has been enabled and driven by rapid… Read More

Outlook of COVID-19 Impact on Global Medtech M&A / Business Development

The Current Environment – Commentary COVID-19 is delivering a true one-two punch to the economy. The first punch stunned global markets with a complete shut-down of activity, but coming out… Read More

Ophthalmology Sector Thesis Strongly Intact with Demand Build-up Amidst COVID-19

Across the world, individuals are prioritizing human health and safety amidst the coronavirus pandemic, but hope is starting to dawn as countries, like Germany and the Czech Republic, begin easing… Read More

Pharmacies: The Right Prescription for Investors

Prior to the effects of COVID-19, UK community pharmacies were already undergoing significant change as a range of factors converge to transform the role of pharmacists within the primary care… Read More

Interim/Post-COVID-19 Sector Outlook: Services & Products for Homebound Patients

Click the home healthcare sectors below to view key takeaways on the effects of COVID-19. Medical and Personal Services Skilled Home Healthcare Near term: REASONABLY STABLE / POSITIVE Long term:… Read More

COVID-19 Pandemic Could Accelerate Recent U.S. Healthcare Growth Trends

One hundred years after the 1918 Spanish Flu, the world is facing another pandemic: COVID-19. Government and healthcare officials are working around the clock to flatten the curve and slow… Read More

Investors Take a Bite into the UK and European Dentistry Markets

Memories of nightmarish childhood trips to the dentist appear to be a thing of the past for investors as they rush to capitalise on the dentistry market in record numbers.… Read More

Pitchbook | Q&A: Identifying the Non-Cyclical Sectors Most Resistant to a Potential Recession

Original post from Pitchbook on December 5, 2019 here.                                           … Read More

How are Business Owners and Investors Preparing for a Potential Recession?

Lincoln Managing Directors share unique insights about how Technology, Media & Telecom, Business Services and Healthcare business owners and investors are preparing for a potential recession.   Click below for… Read More

How is the Rapid Pace of Digitalization Causing Disruption Across Industry Verticals?

Lincoln International Managing Directors share how digitalization is causing disruption across Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or complete… Read More

What Current Growth Trends are Resonating with the Market?

Managing Directors at Lincoln International discuss the trends they are seeing in Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or… Read More

The Stork Delivers: Opportunities Abound in Fertility Market

It is becoming increasingly common for couples to marry and have children later in life. In the U.K., the median age of mothers having their first child in 1999 was… Read More

Global Veterinary Services Market: On Cloud Canine

Pets are no longer just man’s best friend, but an increasingly integral member of the family unit. Owners are humanizing their pets, aspiring to provide the best comfort and health… Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Pitchbook | Q&A: The Evolution of Medtech in a Globalizing Industry

View original post from Pitchbook on May 29, 2019 here.                                           … Read More

Trading Places: CMS Policy Changes Flip the Script on Home Care Investment Options

By Barry Freeman, Co-Head, Managing Director, Healthcare Investment Banking and Michael Weber, Managing Director, Healthcare M&A Everyday 10,000 Baby Boomers in the US turn 65. Independent of market movements, demand… Read More

ETHealthWorld | Fertility Conclave

Originally published by ETHealthWorld on March 13, 2019. Lincoln International’s Gaurav Marathe, Managing Director and CEO India, discusses investment trends and government regulations in the IVF industry at the ETHealthWorld… Read More

Doctor’s Orders: Disruption Driving Deals

Remember when you had to wait to hail a cab, could only watch a show on a weekly basis and had to go to a store to buy groceries? That… Read More

Industrials

Specialty Chemicals: The Story of the Specialty Transformation

The specialty chemicals equity story is becoming increasingly important as the historical diversification benefit of more traditional commodity chemicals players – or even the diversified chemical conglomerates of yore –… Read More

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

A Deeper Look at the Technical Textiles Market

The technical textile market is one of the fastest growing segments of the overall textile field. The market is sizable at north of $200 billion globally with GDP+ growth rates… Read More

Automated Storage and Retrieval Systems – Combining Efficiency, Speed, Accuracy and Safety

E-commerce sales are currently approximately 22% of retail sales and are expected to increase to approximately 30% by 2025.[1] Increasing order volume, combined with an expectation of fast delivery and… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Mint | As Travel Resumes, Japanese Interest in India Gains Pace

Originally published by Mint on May 24, 2022. Preet Singh, Managing Director in Lincoln’s Industrials Group, provides expert advice for Japanese investors interested in participating in the Indian marketplace, and… Read More

Re-Visiting the Highly Active Adhesives and Sealants Market

With the once-every-four years World Adhesive & Sealant Conference now completed, it would only be appropriate to provide a brief refresher on the attractive adhesive and sealants subsector within chemicals… Read More

Material Handling Automation: Investment Opportunities for 2022 and Beyond

Catalyzed by substantial e-commerce growth and more and larger fulfillment and distribution centers being built around the globe, 2021 brought increased investor interest in the material handling automation sector. A… Read More

While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022

Automakers and suppliers were forced to cope with unique supply chain challenges in 2021, driving significant disruption to production and resulting in levels of inventory at unseen historic lows. These… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

PE Hub | ‘Productivity is Critical’ when Buying in the Competitive Industrials Sector

Originally published by PE Hub on February 8, 2022. Robert Reifman, Managing Director in Lincoln’s Industrials Group, meets with PE Hub to discuss key trends and outlook for investors in… Read More

Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter

On January 11, 2022, Sanjeev Varma, Senior Advisor at Lincoln International, joined automotive experts in TMA Detroit’s virtual panel to share insights on the current automotive M&A environment and industry… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Semiconductor Gas Market Heating Up

The ongoing semiconductor chip shortage is impacting the global supply chain across industries. Significant additional investment is needed to support the demand and, similar to chemical sub-verticals such as active… Read More

2021 Building & Infrastructure Conference Recap: Six Trends Impacting the Industry

Published by L.E.K. Consulting on December 16, 2021. L.E.K. Consulting and Lincoln International recently co-hosted the 13th annual Building & Infrastructure Conference in New York City, New York. More than 120 construction… Read More

Investors Train Sights on Air Filtration Businesses

Emerging from the COVID-19 pandemic, people have a heightened level of focus on their health and wellness, specifically the air they breathe. While they were once concerned with air quality,… Read More

Flavor and Fragrance Sector Continues to Blossom

Flavors and fragrances (F&F) underpin a wide variety of consumer and industrial purchasing decisions , despite the fact they frequently only contribute a small percentage of the overall cost of… Read More

Race Toward Electrification: Automotive Players Define Investment Strategy for the Future

In 2020, global electric vehicle (EV) sales rose by 38%, despite a decline of 20% in total car sales around the world during the pandemic. In May 2021, IHS Markit… Read More

VCCircle | Indian Chemical Industry Charms Investors with High Returns

Originally published by VCCircle on June 28, 2021.  Preet Singh, Managing Director in Lincoln International’s Industrials Group, discusses VCCircle’s analysis on the attractive capital gains and strong liquidity that have… Read More

Webinar | Supply Chain Challenges in the Automotive Industry: Insights from the ACG Detroit

On May 26, 2021, Sa Li (Lisa), Vice President at Lincoln International, joined supply chain professionals in ACG Detroit’s virtual panel to share perspectives on challenges faced by the automotive… Read More

The Economist | How to Be the Next Tesla

Originally published by The Economist on June 5, 2021. The Economist published a recent article featuring Managing Director Patrick von Herz describing the current automotive market as a “global feeding… Read More

Pandemic Solidifies Investor Interest in Safety Products Businesses

From face masks to upgraded air filtration systems, employers implemented processes and protocols to keep employees safe throughout COVID-19. While demand for safety products skyrocketed during the peak of the… Read More

Capital Requirements Drive Seismic Shifts in Auto Competitive Landscape

From the boardrooms of auto original equipment manufacturers (OEMs) and suppliers around the globe, the geographic landscape of the automotive industry is being continuously reshaped. Archnemeses are forming unlikely alliances.… Read More

2020 Building Products Perspectives and Trends

Due to COVID-19, Lincoln International and L.E.K. Consulting had to cancel the annual Building & Infrastructure Conference for 2020. Our hope is that we can host you again in the… Read More

An Under-the-Hood Look at the Specialty Automotive Chemicals Market

Specialty automotive chemicals cover a wide range of applications, which can be separated between lubricants, adhesives, cleaning and maintenance chemicals and automotive coatings. From an application standpoint, specialty automotive chemicals… Read More

Webinar | Digital Strategy: The Next Tool in UK Building Products Distribution

On November 5, the UK entered a new lockdown. Effective until December 2, pubs, restaurants, non-essential shops, and entertainment venues are closed—and there are steep fines for those that do… Read More

As the Auto Industry Navigates the Pandemic, How Quickly will M&A Rev Up?

The automotive industry is once again showing its resilience as it navigates the impacts of the COVID-19 crisis. Second quarter earnings from the publicly traded automotive supplier set were generally… Read More

Increased E-commerce Sales Generate Opportunities for Material Handling Automation Investors

Rapidly growing e-commerce sales, both in total dollars and as a percentage of total retail sales, is driving demand for more automated warehouse and distribution solutions. This has transformed warehouse… Read More

Mint | Specialty Chemicals Biz Pique PE Players’ Interest

Originally published by Mint on July 3, 2020.  Preet Singh, Managing Director in Lincoln International’s Industrials Group, discusses why chemicals companies in India are greatly attracting investors. Click here to… Read More

Bright Road Ahead for Investors in the Automotive Aftermarket

As Americans keep close tabs on their budgets and have more time on their hands while at home, the thought of personally performing maintenance and repairs, such as changing a… Read More

Webinar | Analyzing Automotive Investment Opportunities in a Volatile Environment

On June 4, 2020, experts in the automotive supply sector from Lincoln International and Conway MacKenzie hosted a panel discussion providing valuable insights regarding the current industry outlook and recovery… Read More

What is the New Normal? A Closer Look at Automotive Demand & Supply Chain Impact

In April, U.S. light vehicle sales fell almost 50% year on year and resulted in a seasonally adjusted annualized rate (SAAR) of just 8.6m – significantly lower than any other… Read More

Industrial Technology Leaders are Likely Buyers for First Wave of Post-Pandemic Industrials M&A

The COVID-19 pandemic has already brought significant changes to the deal-making landscape. While regular-way deal activity has ground to a halt, strategic Industrial Technology buyers largely remain “open” and accessible.… Read More

Consolidation in Automotive Services Set to Accelerate with COVID-19

The COVID-19 pandemic has drastically altered the way people behave and how businesses operate. As part of those changes, society has also altered the way it moves. More specifically, in… Read More

In Manufacturing and Distribution, “Recession Resilience” Is No Longer Enough

For years, potential buyers asked management teams how their companies weathered in the Great Recession. The present pandemic will be the next test of company resilience and value. Until recently,… Read More

Rethinking the Global Chemicals Supply Chain

The chemicals supply chain has always been global, because certain raw materials can only be sourced from, made in or distributed to certain areas of the world. Chemical manufacturers’ supply… Read More

Packaging Sector Update Amidst COVID-19 Uncertainty

Since the beginning of 2020 and particularly over the last several weeks, the Coronavirus (COVID-19) has had widespread effects on the global economy and M&A activity in the middle market.… Read More

COVID-19 Impact On Auto Industry – How Long Will It Last?

The COVID-19 crisis has already had a profound impact on the global automotive industry. OEMs have shuttered assembly plants throughout North America and Europe and this has resulted in virtually… Read More

Aerospace & Defense Trends Amidst Turbulent COVID-19 Period

As commercial airlines have made significant cuts to their capacity due to global travel restrictions and demand reductions, coupled with facility shutdowns of OEMs and major suppliers, the commercial aerospace… Read More

Indian Chemical News | M&A & partnerships will play a key role in chemical sector

Originally published by Indian Chemical News on February 27th, 2020 Preet Singh, Managing Director in Lincoln’s Industrials Group, discusses trends, upcoming opportunities and sub-sectors to watch in the chemicals industry.

Three Trends to Watch: 2020 Industrials M&A

Lincoln Remains at the Top of MergerMarket’s Global Industrials List Lincoln International’s Global Industrials Group retained its spot atop the league tables in 2019. Our leadership in the sector continues… Read More

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… Read More

Tying the Knot: Auto Suppliers Should Follow the OEMs’ Example and Partner up to Meet Industry Demands

The automotive industry continues to undergo radical transformation as the impact of electrification, autonomous driving and ride sharing gains pace. To address these new technologies, players in the auto industry—both… Read More

Industry 4.0

Producing Value for a Growing M&A Market Imagine that a production line can gather data, analyze it and predict and correct mishaps before they occur—saving a manufacturer from the downtime… Read More

Drilling Down on Industrials: Spotlight on Consumable Tools

With bumpy markets leaving investors wondering how much longer the bull market can run, private equity sponsors are on the hunt for companies they can hold onto throughout the next… Read More

Global Dynamics Drive Hazards and Opportunities in the Auto Industry

As the economy shudders, dipping its toe into the waters of a recession, macroeconomic, regulatory and geopolitical trends have been disrupting the automotive industry, creating headwinds and pockets of opportunity… Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Global Chemicals Outlook: Strong Momentum Continues

How is 2019 shaping up for Chemicals M&A? There continues to be strong momentum in the chemicals sector, with levels of interest consistent across investor populations. A number of more… Read More

Outlook for Industrials

Strong industrials company performance and deal activity will continue to drive success in 2019, despite some uncertainty around tariffs and ongoing trade negotiations. Here are the trends we’re watching. M&A… Read More

The Early Innings of Tariff Impact

Trade tensions between the U.S. and large trading partners like China are increasing. While the future of trade policy and tariffs is less than certain, the impact on middle market… Read More

Technology, Media & Telecom

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Software Sector Shows Resilience in Recurring Revenue Financing

Amid recessionary pressures, the software sector has proven resilient with low default rates and healthy cash flows for most companies. Lenders continue to see opportunities with software companies—even those with… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

All Systems Protected? Cybersecurity Trends in 2022

Accelerated digitalization post-COVID-19, convergence of cyber and military power projection and the increasingly complex threat environment are forcing rapid transformation of the cybersecurity industry. Organizations are hungry to protect systems… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Webinar | Software and the Rise of ARR-based Financings

On Tuesday, April 5, 2022, Lincoln International hosted experts from the firm’s U.S. and European Capital Advisory, Valuations and M&A Groups for a webinar to discuss the latest trends in… Read More

Private Equity Pursues Investments in Engineering and Manufacturing Software Sector

Engineering, simulation and manufacturing software is in high demand as companies across industries shift toward digitizing processes. From the early stages of product design and simulation to manufacturing and usage… Read More

Growing Local & Global Private Equity Interest in French Technology

The technology ecosystem in France is booming. In 2021 alone, French startups raised more than €10 billion in venture capital financing, a 2x increase over 2020. To date, the number… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Cybersecurity M&A Momentum: Digitalization to Drive Accelerated Demand and Total Available Market Expansion

As C-suite executives focus intensely on corporate digital transformation efforts, cybercriminals are following suit and adjusting tactics to exploit the resulting massively broader cloud attack surface. This big new challenge… Read More

PE News | Debt funds seek ways to fund the adoption of technology

Originally published by Private Equity News on September 20, 2021.  Xenia Sarri, Managing Director in Lincoln’s Debt Advisory Group, discuss with PE News on how Covid has created a spike… Read More

Our Economy Runs on Digital: Fueling Infrastructure Software Investment

As companies continue to move to the cloud and provide high-quality, global-scale cloud solutions, infrastructure software has seen a material increase in investment and consolidation, as evidenced by recent sponsor-led… Read More

Order Up: Dramatic Change in Consumer Behavior Drives Accelerating Need for Restaurant Technologies

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Fleet, Field and Asset Management Software: Convergence Creates Investment Opportunities

Maintaining equipment, vehicles and other assets while also optimizing performance of employees and the work they do is a daunting task for any organization. To address this challenge, both large… Read More

Q&A with Lincoln TMT Managing Director Don More: Hacking Cybersecurity Investment

Lincoln International recently welcomed Don More as Managing Director focused on Cybersecurity on the Technology, Media & Telecom team. Don brings to Lincoln 20+ years of deal experience in cybersecurity,… Read More

Doing Well While Doing Good: Profiting from Non-Profit Tech

Non-profit organizations (NPOs) are increasingly adopting new technology solutions as they aim to provide efficient services, spawn innovation and attract the donations that are critical to their existence. The NPO… Read More

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

Webinar | Online Tutoring: Academic Success and College Admissions Prep

On Thursday, March 4, 2021, Lincoln International hosted a webinar with Revolution Prep, one of the leading providers of online instruction and personalized learning, discussing real-time trends in college admissions… Read More

No EBITDA, No Problem: Software Financing and the Rise of the Non-Bank Lender Market

The technology sector has been a bright spot for years. Even during the challenges created by the pandemic, our Lincoln International M&A bankers are seeing record levels of software investments… Read More

Cracking the Code: Innovation in Marketing Technology Sector Provides Opportunity for Private Equity Investors

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Event | Lincoln Shares Insights about “Rebuilding vs. Reopening”

One point that the two panelists agreed upon is the opportunity for each party to use the second round of economic stimulus to further its vison for future economic growth.… Read More

Add to Cart: Pandemic Accelerates Investment in Digital Commerce Technology

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Fragmented Product Lifecycle Management Technologies Present Investors with Opportunity to Consolidate Across the Digital Thread

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Customer Data Platforms Drive Better Customer Acquisition, Engagement and Retention

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The 2020 Back-to-School Conundrum for Education Investors

After six months, we feel confident in saying that 2020 will go down as one of the most unique years in the history of education investing. COVID-19 has impacted every… Read More

Time to Get In: Resiliency & Continuation of the “Electronics Super-Cycle” Power Investor Interest in EMS

Now more than ever, digital connectivity is critical as COVID-19 creates physical distance between people and businesses. The electronics super-cycle is driven by demand for the connection of everything. While… Read More

Emerging IoT Innovations Attract Corporate and Private Equity Investment

The Internet of Things (IoT) has experienced steady uptake in recent years, offering businesses a range of cost-saving benefits including improved productivity, enhanced situational awareness and a reduction in human… Read More

Safeguarding the Smart Grid: Why Partnering Makes Sense for Utilities & Infrastructure and Cybersecurity Companies

The threat of cyberattacks has increased across the globe, with organizations seeing a 67% increase in the last five years. While protecting against cyberattacks is top-of-mind for nearly every business,… Read More

Seven Software M&A Takeaways for Life After COVID-19

As technology investors consider where to be active amidst the COVID-19 crisis and the months that will hopefully follow later this year, we are increasingly being asked what “the market”… Read More

Outlook of COVID-19 Impact on Global Medtech M&A / Business Development

The Current Environment – Commentary COVID-19 is delivering a true one-two punch to the economy. The first punch stunned global markets with a complete shut-down of activity, but coming out… Read More

COVID-19 Puts Spotlight on Organizational Investments in Human Capital Technology

Over the last decade, organizations around the world have debated the strategic merits and pace of investments in technology focused on the challenge of attracting, engaging and retaining talent. During… Read More

Trends in Digital Fitness

The Fitness Industry is Being Disrupted by New Business Models, Digital Delivery and Subscription Commerce The fitness industry has already been experiencing the massive growth of digital fitness, out-of-studio experiences… Read More

Teaching Without Classrooms: Education Investing in a COVID-19 World

Despite significant gains in online, or distance, learning over the last ten years, COVID-19 has enormously and irrevocably altered the education landscape in 2020. Technology adoption in primary and secondary… Read More

2020 Outlook: Four Trends to Watch in the Tech Sector

2019 was a year of robust activity in the tech sector, and another record year for Lincoln International’s TMT team. Several notable Lincoln deals include the acquisition of Livermore Software… Read More

The Next Generation of Cloud Infrastructure Expands New Areas for Emerging Vendors, Strategic Buyers and Institutional Investors

The US Department of Defense recently awarded a $10B technology contract for the Joint Enterprise Defense Infrastructure to Microsoft. This contract allows for modernization of our government’s technology as much… Read More

How are Business Owners and Investors Preparing for a Potential Recession?

Lincoln Managing Directors share unique insights about how Technology, Media & Telecom, Business Services and Healthcare business owners and investors are preparing for a potential recession.   Click below for… Read More

How is the Rapid Pace of Digitalization Causing Disruption Across Industry Verticals?

Lincoln International Managing Directors share how digitalization is causing disruption across Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or complete… Read More

Global Players Come Out As Winners in Videogame Industry

Read More

What Current Growth Trends are Resonating with the Market?

Managing Directors at Lincoln International discuss the trends they are seeing in Technology, Media & Telecom, Business Services and Healthcare.   Click below for a glimpse of the conversation or… Read More

Education Technology: Investors Finding Many Degrees of Success

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Human Capital Management: Implementing Technology to Make the Workplace Human Again

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As Brands Target Personalization, Investors Zoom in on Data-Driven MarTech

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Managed Security Service Providers: Mission Critical to the IT Security Landscape

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Key Trends in Cybersecurity Dealmaking

View original document from Pitchbook here.                                                 … Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Q&A: How Competition for Software Deals has Changed Auction Process Dynamics in the TMT Space

View original post from Buyouts on May 28, 2019 here. Scott Twibell is a managing director and co-head of the TMT group at Lincoln International. Twibell’s global team completed nearly 110… Read More

The Electronics Super-Cycle

The Electronics Super-Cycle is upon on us and it will change the world, your business, and your life. See why its accelerating EMS growth rates and how you can seize… Read More

Q&A: Reviewing Key Trends in M&A and Technology That Will Shape 2019

View original post from Pitchbook on December 11, 2018 here. The M&A cycle has persisted remarkably, with the evolution of technology from a vertical into a horizontal playing a key role… Read More

Filling the Gap – How Private Enterprise is Tackling the Up-Skilling and Re-Skilling Challenge

Much has been written over the last several months and years about the looming divide between available jobs and the supply of candidates with the requisite skills to fill those… Read More

PE Firms Seeking Software

Software is powering everything from supply chains to healthcare, and private equity firms have taken notice. It’s well documented that private equity firms are sitting on more dry powder than… Read More

Capital Advisory

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Software Sector Shows Resilience in Recurring Revenue Financing

Amid recessionary pressures, the software sector has proven resilient with low default rates and healthy cash flows for most companies. Lenders continue to see opportunities with software companies—even those with… Read More

Lending Opportunities Abound for PE Investments in Digital Infrastructure

COVID-19 flipped the script on infrastructure investments. Lockdowns and travel restrictions have proven certain traditional infrastructure assets, like airports and public transportation hubs, are not always as low-risk an investment… Read More

Infrastructure Investor | Financing the Digital Revolution

Originally published by Infrastructure Investor on September 1, 2022 Xenia Sarri, Managing Director in Lincoln’s Capital Advisory Group, gives a perspective on the key factors driving digital infrastructure expansion as… Read More

Real Deals | Creativity in Cautious Times

Originally published by Real Deals on July 28, 2022 How has the private lending market matured over the last few years? Xenia Sarri: The one thing that we’ve seen continue to… Read More

Private Debt Investor | Loan Note: The Growth of ‘Super Senior;’ Covenant Breaches on the Up

Originally published by Private Debt Investor on July 21, 2022. Aude Doyen, Managing Director in Lincoln’s Capital Advisory Group, offers a perspective on the reasons why private credit covenant breaches… Read More

Private Debt Investor | Deep Dive: The Financing that Defies Bubble Talk

Originally published by Private Debt Investor on July 1, 2022. Click here to view the original article. Xenia Sarri, Managing Director in Lincoln’s Capital Advisory Group, discusses the characteristics of… Read More

Private Debt Investor | Deep Dive: Squaring up over Syndication

Originally published by Private Debt Investor on June 1, 2022. Xenia Sarri and Aude Doyen, Managing Directors in Lincoln’s Capital Advisory Group, examine the reasons why interest in private debt… Read More

Real Deals | Undiscovered Gems

Originally published by Real Deals on May 5, 2022 Dr. Michael Drill, CEO Germany shares that large American and Japanese corporates are willing to invest in the mid-sized companies in Germany.… Read More

Webinar | Software and the Rise of ARR-based Financings

On Tuesday, April 5, 2022, Lincoln International hosted experts from the firm’s U.S. and European Capital Advisory, Valuations and M&A Groups for a webinar to discuss the latest trends in… Read More

European Lending Markets: Navigating Debt Financing in Uncertain Times

As geopolitical tensions evolve, global inflation rises and companies cope with worldwide supply issues, many businesses are assessing their strategies for accessing debt financing in today’s market. In a recent… Read More

Debtwire | ARR-based financing uptake challenges lenders’ cashflow orthodoxy – Mid-Market Chatter

Originally published by Debtwire on March 3, 2022.  Xenia Sarri, Managing Director in Lincoln’s Debt Advisory Group, discusses how last few years have seen increased prevalence in ARR-based lending across… Read More

Data Center Download: Accelerating Growth, Record Interest in the Space and Transformational Opportunities

Our world has become more reliant than ever on data. As technological innovation stretches from the smartphones in our pockets to wearables, self-driving cars, cloud computing, artificial intelligence, Industry 4.0… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Debtwire | Private Credit to Keep up Frenzied Pace in 2022, but Macro Pressures Cloud Long-Term Picture

Originally published by Debtwire on December 31, 2021. Ron Kahn, Managing Director and head of Lincoln’s Valuations & Opinions Group, discusses the impact of rising interest rates on lenders and borrowers… Read More

The Nordic Private Debt Landscape: Strong Growth Projections for Year Ahead

The Nordic region has bounced back stronger than its European counterparts following the COVID-19 pandemic. The gross domestic product (GDP) has largely recovered from a less significant pandemic downturn, whereas… Read More

From Corporate Social Responsibility to PE Impact Funds: Investor Interest in ESG and Sustainability Gains Pace

Institutional investors are increasingly accountable for how they deploy capital. More so than the widespread divestment from fossil fuels over the last decade, some capital allocators today are seeking to… Read More

Real Deals | Consumer Business on Verge of Breaching Covenants

Originally published by Real Deals on September 27, 2021, by Simon Thompson. Private consumer businesses in the UK and Europe are close to breaching their lenders’ covenants. That is according to… Read More

PE News | Debt funds seek ways to fund the adoption of technology

Originally published by Private Equity News on September 20, 2021.  Xenia Sarri, Managing Director in Lincoln’s Debt Advisory Group, discuss with PE News on how Covid has created a spike… Read More

Private Debt Investor | How Lenders are Adapting to Today’s Favoured Sectors

Originally published by Private Debt Investor on August 31, 2021.  Xenia Sarri, Managing Director in Lincoln’s Capital Advisory Group, speaks with Private Debt Investor for its September’s edition on ways… Read More

Summer of Spending: Opportunity for Investors as UK Leisure Industry Rebounds

With the UK falling in and out of lockdown since March 2020, the Bank of England is anticipating the biggest surge in household spending since 1988 upon the planned reopening… Read More

Real Deals | Taking the Temperature on Debt

Originally published by Real Deals on August 12, 2021.  Aude Doyen and Xenia Sarri, Managing Directors in Lincoln’s Debt Advisory Group, discuss with Real Deals their perspective on the state… Read More

Webinar | The Latest Trends in Global Financings

On Wednesday, June 9, 2021, Lincoln International’s global Capital Advisory Group hosted a webinar to discuss market insights from the 20+ financing transactions Lincoln has completed to date in 2021.… Read More

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

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

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

Lincoln International’s Capital Advisory Group Identifies Global Financing Trends in 2021

Throughout COVID-19, one question has come up time and again: Are lenders open for business? The resounding answer: YES. There has been strong appetite among lenders to provide financing—especially for… Read More

No EBITDA, No Problem: Software Financing and the Rise of the Non-Bank Lender Market

The technology sector has been a bright spot for years. Even during the challenges created by the pandemic, our Lincoln International M&A bankers are seeing record levels of software investments… Read More

Webinar | Investing in Europe: Q&A on Executing and Financing Deals Post-COVID-19 – Part II

Lincoln International hosted a virtual panel on January 28, 2021, featuring the firm’s experts from across Europe for a Q&A on some of the key considerations and opportunities for investors… Read More

With Ample Dry Powder on the Sidelines, Private Equity Investors’ Top Priority in 2021 is Deploying Capital to Quality Companies

Economic Uncertainty Leads to a Heightened Focus on Portfolio Company Management Teams Looking to 2021, 88% of private equity (PE) investors indicate their most important objective is deploying capital, a… Read More

Supply-Demand Imbalance Continues as Private Equity Looks to Deploy Capital in 2021

Pulse on Private Equity: Recent survey of more than 150 global private equity investors uncovers key trends heading into 2021. Sources: Mergermarket, Pitchbook

The Nordic Lending Landscape: Trends in Corporate Credit Through COVID-19

The unprecedented market turbulence of 2020 has resulted in challenges in raising middle market debt in the Nordic region, as the syndicated banking loan market shut down and commercial banks… Read More

Webinar | Autumn Valuations and Capital Advisory Insights

Lincoln International hosted a webinar on November 2, 2020, discussing proprietary insights sourced from private companies into Q3 valuations alongside forecasts for the quarter ahead. The global panel explored select… Read More

European Deal Making in 2020: Insights on Selling, Buying and Opportunities for Investors

Businesses across Europe are facing challenges stemming from the COVID-19 pandemic every day. Despite the challenges, there have been several bright spots—presenting opportunities for private equity and corporate investors. Lincoln… Read More

Webinar | Investing in Europe: Q&A on Executing and Financing Deals Post-Pandemic – Part I

Lincoln International hosted a virtual panel on October 22, 2020 to discuss considerations and opportunities for investors and businesses alike in the new deal landscape. Professionals from the firm’s European… Read More

S&P Global Market Intelligence | COVID-Era Private Credit Trends

A rash of covenant violations due to government-mandated shutdowns has forced lenders to reevaluate portfolio companies and rewrite covenants. As a result, new trends have taken shape in private credit… Read More

Webinar | Europe: Our Latest Insights on Valuations and Financings Market Conditions as We Enter Q3 2020

On Wednesday, July 8, 2020, experts in Lincoln International’s Financial Sponsors Group, Valuations & Opinions Group and Capital Advisory Group join forces to discuss insights into the European valuations and… Read More

Webinar | Analyzing Automotive Investment Opportunities in a Volatile Environment

On June 4, 2020, experts in the automotive supply sector from Lincoln International and Conway MacKenzie hosted a panel discussion providing valuable insights regarding the current industry outlook and recovery… Read More

Webinar | UK Nursery Sector: Navigating the Financing Market in the COVID-19 Environment

On May 21, 2020, a panel of Lincoln International’s European capital advisory and healthcare experts discussed the impact of COVID-19 on financing markets in the nursery sector. Topics covered include:… Read More

Webinar | Lincoln International and Latham & Watkins Discuss Capital Infusion Transactions

On May 14, 2020, Chris Gregory, a Managing Director in Lincoln’s Valuations & Opinions Group and head of the Fairness & Solvency Opinion Practice is joined by Alex Stevenson, Managing… Read More

U.S. Capital Advisory in the Time of Coronavirus: Presentation

The novel coronavirus and related market volatility has threatened the health of many middle market companies and their lenders, reshaping capital markets on a near daily basis. In the past… Read More

U.S. Capital Advisory Group – Financing Market Update

Private Credit Market Issues Amidst COVID-19 The current COVID-19 crisis is presenting numerous challenges for traditional middle market lenders.         Aggressive Revolver Draws During the two weeks… Read More

Trends in the European Debt Markets & Valuation Implications

Lender Sentiment Lenders are honouring existing commitments with negligible retrades; however, debt and equity investors are cautious when reviewing new opportunities. Lenders remain focused on their existing portfolios and are… Read More

Thinking Outside The Box

Restaurants have never faced such a challenging operating environment with the combined risks to the health and wellbeing of their staff and customers, along with purely seeking to get through… Read More

Financing Markets: A Look Into 2020

In 2019, middle market lending was characterized by heavy competition and favorable market conditions for borrowers. This environment has persisted for several years, with many lenders commenting they can’t see… Read More

Pitchbook | Q&A: The State of Private Debt

View original post from Pitchbook on October 8, 2019 here.                                           … Read More

Pitchbook | Q&A: The State of Global Lending

View original post from Pitchbook on September 16, 2019 here.                                           … Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

MH Business Exchange Podcast | Ruminations and Insights on Corporate Restructuring: The lawyer and the Investment Banker

View original post from McDonald Hopkins on June 13, 2019 here. Alex Stevenson, Lincoln International Managing Director, joined host Mike Witzke for McDonald Hopkins’ MH Business Exchange podcast for a discussion… Read More

Does a Correction Loom? Why This Time Wouldn’t Look Anything Like 2008

It’s been a bumpy ride of late as 2018 fades into the rearview mirror and we charge ahead into 2019. From see-sawing public debt and equity markets, the government shutdown,… Read More

Book Foreword by Ron Kahn, Lincoln Managing Director

Lincoln Managing Director, Ron Kahn, authored the foreword of the recently released book, “A Cartoon Lover’s Guide to Private Equity,” by David Toll, Executive Editor of Buyouts Insider. According to… Read More

State of the Financing Market: Webcast

September 2017 webcast hosted by Lincoln’s Debt Advisory professionals, Ron Kahn, Bob Horak, Natalie Marjancik, Christine Tiseo, John Laws, Tim Blonn and Jon Paris. Click here to play webcast.

Mergers & Acquisitions

Beauty Independent | What Investors and Retailers are Looking for in Today’s Beauty Market

Originally published by Beauty Independent on November 10, 2022 Jessica Chia, Associate in Lincoln’s Consumer Group, joined Beauty Independent for an In Conversation webinar to discuss market trends in the… Read More

In Vivo Pharma Intelligence | The Growth Path for Drug Discovery Partners

Originally published by In Vivo Pharma Intelligence on November 15, 2022 James West, Director in Lincoln’s Healthcare Group, explains the key trends and mergers and acquisitions (M&A) dynamics in the… Read More

Specialty Chemicals: The Story of the Specialty Transformation

The specialty chemicals equity story is becoming increasingly important as the historical diversification benefit of more traditional commodity chemicals players – or even the diversified chemical conglomerates of yore –… Read More

The Hidden Gem in European Pet Food: European Investors Spot New Opportunity in Raw & Gently Cooked Pet Food

European investors are capitalizing on the fastest growing segment of the European pet food category, powered by pet owners’ ongoing desire for higher quality and natural food options for their… Read More

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Promising M&A Outlook for Frozen Food Companies

Frozen foods have seen notable growth since 2019 as a result of shifting consumer behavior. Strong sales have enabled more efficiencies at scale, but some companies also face capacity constraints… Read More

Surging Medical Inflation Fuels Continued Interest in Self-Funding and Cost Containment

During the past 18 months, inflation has accelerated to levels not seen since the early 1980s. The cost of energy, food and other staples has increased rapidly and is expected… Read More

RealDeals | RoundTable: Deal Origination and Transactions Today

Originally published by Real Deals on November 3, 2022. Click here to read full article. What changes are we seeing in the market as a result of the current backdrop? There… Read More

Midterm Elections Are Imminent, But Investor Eyes Remain Trained on the Fed and Inflation

The term “uncertainty” has dominated headlines much of this year. Election season exacerbates that sense of uncertainty, leaving investors and company executives to weigh the different scenarios each outcome might… Read More

Chief Executive | Lessons Learned from Public M&A Deals in 2022

Originally published by Chief Executive on October 11, 2022 Rob Brown, CEO of Lincoln International, shares insights from public deals for private companies to consider when pursing mergers and acquisitions… Read More

Crain’s Chicago Business | Talking Money and the Economy with a Top Investment Banker

Originally published by Crain’s Chicago Business on October 10, 2022 Rob Brown, CEO of Lincoln International, offers insights into market trends and the state of the economy. Click here to… Read More

UK M&A: Getting the deal done in challenging times, through value creation and due diligence

Evolving market dynamics and the ever-shifting macroeconomic backdrop present significant challenges, but also opportunities for investors and corporates alike.

Discovering the Investment Opportunity in Pre-Clinical CROs

The process to bring a drug to market is likely to be extensive and costly, from the starting points of research and development (R&D) across all phases of clinical trials… Read More

Reality Check: Assessing Private Equity’s 2022 Predictions

In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More

Facilities & Industrial Services: 2022 Market Perspectives

Long-Term Trends Driving Growth and Underpinning Facilities and Industrial Services M&A Investor interest in facilities and industrial services remains high, given the numerous attractive tailwinds that underpin the sector’s resiliency… Read More

Pet Trends Impacting M&A in 2022

The pet industry has evolved significantly over the past few years with several trends impacting the way pet product brands, manufacturers, retailers, customers and investors view the sector. In 2020,… Read More

M&A Activity in Fire and Life Safety Services Continues to Heat Up

Long-Term Trends Underpinning the Fire and Life Safety Services Industry Amid mounting regulatory oversight and compliance expectations in the fire and life safety services sector, investors are pursuing roll-up strategies.… Read More

Joint Ventures & Partnering: Q&A with Lincoln Directors Emma Blackley and Claire Heuberger

Traditionally, joint ventures and partnering (JV&P) were the preserve of capital-intensive industries such as oil and gas or aerospace and defense. They were also a common mechanism used for expansion… Read More

All Systems Protected? Cybersecurity Trends in 2022

Accelerated digitalization post-COVID-19, convergence of cyber and military power projection and the increasingly complex threat environment are forcing rapid transformation of the cybersecurity industry. Organizations are hungry to protect systems… Read More

A Deeper Look at the Technical Textiles Market

The technical textile market is one of the fastest growing segments of the overall textile field. The market is sizable at north of $200 billion globally with GDP+ growth rates… Read More

Automated Storage and Retrieval Systems – Combining Efficiency, Speed, Accuracy and Safety

E-commerce sales are currently approximately 22% of retail sales and are expected to increase to approximately 30% by 2025.[1] Increasing order volume, combined with an expectation of fast delivery and… Read More

Even as Possible Recession Looms, Prospects for Private Markets Look Strong

It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More

Beauty Independent | What Beauty Segment – Prestige, Mass, Masstige or Value – Will Win In A Shaky Economy?

Originally published by Beauty Independent on July 14, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, explains how consumer demand for beauty products remains strong despite economic uncertainty. Click here… Read More

M&A in Home Furnishings: Q&A with Lincoln Managing Director Tosh Dhanalal

Lincoln International recently welcomed Tosh Dhanalal to the firm as a Managing Director in the Consumer Group. Tosh comes to Lincoln with extensive experience advising founder-led, private equity (PE)-backed and… Read More

Request Form: B2B eCommerce Report

The B2B eCommerce space is growing steadily in India. There are several unicorns and many high quality emerging players addressing different industry segments. Lincoln International presents the industry landscape with… Read More

Investing in U.S. Food Remains Competitive

Financial and strategic investors often mention the competition to acquire a food company. Investors frequently ask Lincoln International for ideas and perspectives on approaching the food mergers and acquisitions (M&A)… Read More

Chief Executive | Uncovering Resiliency: Breaking Down Deal Dynamics in Changing Market Conditions

Originally published by Chief Executive on June 23, 2022. As market conditions change and uncertainties rise, Rob Brown, Global Chief Executive Officer of Lincoln International, offers three observations on the… Read More

Bloomberg Quicktake | Merger Mania Cools Off

Originally aired on Bloomberg on June 8, 2022 Rob Brown, Global Chief Executive Officer of Lincoln International, joins Bloomberg Quicktake to discuss expectations for the mergers and acquisitions (M&A) market… Read More

Sustainable Energy Investment Trends: Insight from Private Equity

As stakeholder priorities on environmental, social and governance (ESG) continue to crystallize at a rapid pace, investors are often allocating capital aligned with sustainable energy efforts to incorporate more environmental… Read More

Mint | As Travel Resumes, Japanese Interest in India Gains Pace

Originally published by Mint on May 24, 2022. Preet Singh, Managing Director in Lincoln’s Industrials Group, provides expert advice for Japanese investors interested in participating in the Indian marketplace, and… Read More

Beauty Independent | With the Stock Market and VC Down This Year, What’s the Deal Environment Like for Emerging Beauty and Wellness Brands?

Originally published by Beauty Independent on May 17, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, offers insights into the beauty industry’s current market dynamics and shares funding strategies that… Read More

Global Supply Chain Volatility: 2022 Outlook

Amidst historic production disruption, shortages and low levels of inventory, manufacturers, distributors and retailers have been adapting business strategy real-time in response to continued volatility. There has been a rising… Read More

Re-Visiting the Highly Active Adhesives and Sealants Market

With the once-every-four years World Adhesive & Sealant Conference now completed, it would only be appropriate to provide a brief refresher on the attractive adhesive and sealants subsector within chemicals… Read More

Real Deals | Undiscovered Gems

Originally published by Real Deals on May 5, 2022 Dr. Michael Drill, CEO Germany shares that large American and Japanese corporates are willing to invest in the mid-sized companies in Germany.… Read More

Adopting Alternative Strategies – How Partnering Expertise Can Help

Company leaders around the globe are facing uncertain business conditions, including geopolitical tensions, inflation, continuing supply chain problems and raw materials shortages. Economies are only just beginning to recover from… Read More

Banking on Beauty: Q&A with Lincoln Director Ashleigh Barker

Lincoln International recently welcomed Ashleigh Barker to the firm as a Director in the Consumer Group. Ashleigh comes to Lincoln with extensive experience advising beauty and personal care clients on… Read More

Material Handling Automation: Investment Opportunities for 2022 and Beyond

Catalyzed by substantial e-commerce growth and more and larger fulfillment and distribution centers being built around the globe, 2021 brought increased investor interest in the material handling automation sector. A… Read More

Webinar | Software and the Rise of ARR-based Financings

On Tuesday, April 5, 2022, Lincoln International hosted experts from the firm’s U.S. and European Capital Advisory, Valuations and M&A Groups for a webinar to discuss the latest trends in… Read More

M&A Trends in Japan: Q&A with Director Kenji Uemura

Lincoln International recently welcomed Kenji Uemura, a Tokyo-based Director, to the firm. With unique experience heading the India-Japan mergers and acquisitions (M&A) business in Mumbai and his extensive work in… Read More

Five Ways ESG Will Alter PE-Backed Dealmaking in the Next Five Years

Under the pressure of the global pandemic, the push from shareholder to stakeholder capitalism crystalized. Company scrutiny came not only from traditional institutional investors like insurers, pensions and endowments —… Read More

Business Leaders Adjust Investment Strategy in Light of CO2 Emissions Standards

As governments and company stakeholders continue to increase their focus on reducing emissions, the shift from fossil fuels to green energy is shaking up almost every sector—resulting in energy efficiency… Read More

UK Dealmaking Outlook: Six Trends Underpinning M&A in 2022

Mergers and acquisitions (M&A) activity reached an all-time high in 2021, eclipsing prior records by $1 trillion. This was fueled by an abundance of investment capital, revamped corporate strategies and… Read More

GoingPublic | Germany’s M&A Outlook

Originally published by goingpublic  on March 10, 2022. Dr. Michael Drill, CEO Germany at Lincoln International, shares insights on current situation of the country’s M&A activity amidst the global economic… Read More

Private Debt Investor | Loan Note: Discipline holds amid deal boom

Originally published by Private Debt Investor on February 24, 2022.  Richard Olson, Managing Director at Lincoln’s Valuations and Opinions Group shares that oversupply of capital in private equity and private… Read More

M&A Activity Remains Strong for Companies Supporting Employer-Sponsored Health Benefits

Employer-sponsored, self-funded medical plans have grown in popularity since the implementation of ERISA in the 1970s and now cover nearly two-thirds of all employees and one-third of all Americans. Medical… Read More

While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022

Automakers and suppliers were forced to cope with unique supply chain challenges in 2021, driving significant disruption to production and resulting in levels of inventory at unseen historic lows. These… Read More

Data Center Download: Accelerating Growth, Record Interest in the Space and Transformational Opportunities

Our world has become more reliant than ever on data. As technological innovation stretches from the smartphones in our pockets to wearables, self-driving cars, cloud computing, artificial intelligence, Industry 4.0… Read More

Scrip | What Does 2022 Hold For Biopharma?

Originally published by SCRIP on February 8 , 2022. James West, Director in Lincoln’s Healthcare Group shares that there has been increased private equity firm’s interest in the Biopharma space and… Read More

Scale your Career: What Makes a Good Investment Banker Great?

For new analysts and associates, communication, collaboration and coordination are essential components of a successful investment banking career. Individuals who can communicate and collaborate effectively with colleagues across title levels… Read More

Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter

On January 11, 2022, Sanjeev Varma, Senior Advisor at Lincoln International, joined automotive experts in TMA Detroit’s virtual panel to share insights on the current automotive M&A environment and industry… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Cybersecurity M&A Momentum: Digitalization to Drive Accelerated Demand and Total Available Market Expansion

As C-suite executives focus intensely on corporate digital transformation efforts, cybercriminals are following suit and adjusting tactics to exploit the resulting massively broader cloud attack surface. This big new challenge… Read More

PRWeek | Healthcare M&A in 2022: private equity has ‘huge interest’ in medcomms agencies

Originally published by PRWeek on December 8, 2021. James West, Director in Lincoln’s Healthcare Group discusses private equity firm’s interest in the medcomms space and the forecast for Healthcare M&A activity… Read More

Will Private Equity Activity in 2022 be as Robust as 2021?

Private equity (PE) has proven to be both stable and even resilient, despite economic uncertainty, as illustrated during the 2008 global financial crisis and the COVID-19 pandemic. During both events,… Read More

PRWeek | 2021 Will Be Known As Year Medcomms M&A Went Into Overdrive

Originally published by PRWeek on November 10, 2021, by James West. Several large agency groups have taken on fresh private equity capital for the first time this year and many others… Read More

Real Deals Magazine | Q&A Excerpt: Phillip McCreanor Shares UK M&A Outlook

Originally published by Real Deals on November 11, 2021. What has been driving the unprecedented levels of M&A deal flow in the UK market this year? Phillip: A number of… Read More

Bloomberg Radio | The State of Small Business and a Look at the Markets

Originally aired by Bloomberg on October 28, 2021. Lincoln International’s Global CEO, Rob Brown, provides his perspective on the growth of the global M&A market with Bloomberg Radio’s Paul Sweeney… Read More

State of Dealmaking in India: Three Takeaways for Business Owners and Leaders

The Indian dealmaking landscape has made significant strides over the last 10 years. We have come far from 2011 when a total of $10 billion of private equity (PE) capital… Read More

From Corporate Social Responsibility to PE Impact Funds: Investor Interest in ESG and Sustainability Gains Pace

Institutional investors are increasingly accountable for how they deploy capital. More so than the widespread divestment from fossil fuels over the last decade, some capital allocators today are seeking to… Read More

Real Deals | Consumer Business on Verge of Breaching Covenants

Originally published by Real Deals on September 27, 2021, by Simon Thompson. Private consumer businesses in the UK and Europe are close to breaching their lenders’ covenants. That is according to… Read More

M&A Review | Outlook for the German M&A Market in 2022

Originally published by M&A Review on September 6, 2021. The boom in mergers and acquisitions continues! Since the beginning of the year, the global mergers and acquisitions (M&A) business has… Read More

Bloomberg | Private Credit Wrap: Antares Betting on Another Record Quarter

Originally published by Bloomberg on September 3, 2021.  Lincoln International’s Managing Director and CEO North America, Rob Brown, discusses with Bloomberg the impact of capital gain taxes on deal activity… Read More

Flavor and Fragrance Sector Continues to Blossom

Flavors and fragrances (F&F) underpin a wide variety of consumer and industrial purchasing decisions , despite the fact they frequently only contribute a small percentage of the overall cost of… Read More

Summer of Spending: Opportunity for Investors as UK Leisure Industry Rebounds

With the UK falling in and out of lockdown since March 2020, the Bank of England is anticipating the biggest surge in household spending since 1988 upon the planned reopening… Read More

E-commerce, Sustainability and Digital Capabilities Drive Consolidation

Following a rebound in the first half of 2021, the outlook for the economy remains positive for the second half of the year as vaccination rates continue to climb and… Read More

Ocean & Air Freight Prioritize Scale

The first half of 2021 has seen global economies re-emerge from the 2020 pandemic-induced slump. Whilst the U.S. recovery is ahead of Europe and parts of Asia, there is strong… Read More

Halftime Report: How Dealmakers Can Make the Most of H2 2021

As global economies reopen post-pandemic, the investing community is busier than ever. Looking ahead to the second half of 2021, this is a prime moment for deals to get done.… Read More

Bloomberg Radio | A Closer Look At The Markets

Originally aired by Bloomberg Radio on July 6, 2021. Lincoln International’s Managing Director and CEO North America, Rob Brown, provides his perspective on the M&A market as the United States… Read More

VCCircle | Indian Chemical Industry Charms Investors with High Returns

Originally published by VCCircle on June 28, 2021.  Preet Singh, Managing Director in Lincoln International’s Industrials Group, discusses VCCircle’s analysis on the attractive capital gains and strong liquidity that have… Read More

Cross-Border Deals: The Right Prescription for Animal Health

As the humanization of pets continues and pet lifespans grow longer, investment opportunities in animal health abound. While most animal health companies will first look for growth within their own… Read More

Private Equity International | Buy High, Sell Higher: The Mid-Market Rolls On

Originally published by Private Equity International on June 1, 2021. Rob Brown, Managing Director and CEO North America, was featured in Private Equity International to discuss the outlook on middle… Read More

Pandemic Solidifies Investor Interest in Safety Products Businesses

From face masks to upgraded air filtration systems, employers implemented processes and protocols to keep employees safe throughout COVID-19. While demand for safety products skyrocketed during the peak of the… Read More

Fleet, Field and Asset Management Software: Convergence Creates Investment Opportunities

Maintaining equipment, vehicles and other assets while also optimizing performance of employees and the work they do is a daunting task for any organization. To address this challenge, both large… Read More

Whitepaper: 2021 Outlook for Value-Based Care and the Self-Insured Employer Marketplace

Numerous efforts to transition the U.S. healthcare system to a value-based care construct have been attempted during the past couple decades, including top-down initiatives such as accountable care organizations, with… Read More

Bloomberg Radio | Perfect Storm Creates Strong Deal Volume

Originally aired by Bloomberg Radio on May 7, 2021. Rob Brown, Lincoln International Managing Director and CEO North America, discusses the landscape and outlook for M&A markets and the future… Read More

Q&A with Lincoln TMT Managing Director Don More: Hacking Cybersecurity Investment

Lincoln International recently welcomed Don More as Managing Director focused on Cybersecurity on the Technology, Media & Telecom team. Don brings to Lincoln 20+ years of deal experience in cybersecurity,… Read More

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

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

Driving the Deal Podcast | Analyzing Shifts in Healthcare Private Equity Trends

Barry Freeman, Managing Director and Co-head of Healthcare at Lincoln International joins McDermott Partner Krist Werling in a recent episode of the Collaborative Transformation: Driving the Deal series to speak… Read More

For Western Brands, When Chinese Consumers Buy, Chinese Investment Follows

When Solid Gold, a U.S.-headquartered pet food brand, began selling its gut-healthy pet food through e-commerce giants JD.com and Tmall.com in China, little did they know that they may have… Read More

MergerMarket | Private Homecare Giants Taking Stock Of Going Public

Originally published by Mergermarket in March 2021. Managing Director in Lincoln’s Healthcare Group, Barry Freeman, provides insights on home health mergers and acquisitions. Click here to view the full article… Read More

Investment Platform China | Takeovers of German Companies by Chinese Will Increase

Originally published by Investment Platform China on March 23, 2021. As an investment bank, Lincoln International supports company owners with structured sales processes and approaches potential buyers in China. Interested… Read More

Farragut Webinar | 2021 Outlook for Value-Based Care and the Self-Insured Employer Marketplace

On Thursday, March 18, 2021, Lincoln International’s Barry Freeman and Michael Siano joined Farragut Square Group’s webinar, to discuss why we are seeing so many deals among value-based care (VBC)-focused… Read More

Private Equity News | Private Equity Closes More but Smaller Deals So Far This Year

Originally published by Private Equity News on March 17, 2021.  Phil McCreanor, Managing Director and Head of Investment Banking, UK & Nordics, discusses with Private Equity News his perspective on… Read More

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

Q&A with Lincoln Healthcare Director James West: The Future of UK Pharma Services and Manufacturing

Lincoln International recently welcomed James West, a London-based Director in the firm’s global Healthcare Group. With a unique background as a pharmacist turned life sciences investment banker, James joins Lincoln… Read More

Energy Power & Infrastructure

Bright Spot: The Sun Shines on Solar Energy Investment

Renewable energy generation is a growing priority for countries across the globe. In 2015, 196 parties adopted the Paris Climate Agreement and in 2021 the United Nations Framework Convention on… Read More

Bloomberg Radio | Hot M&A Sectors Are Tech, Health Care

Originally aired by Bloomberg Radio on February 22, 2021. Rob Brown, Lincoln International Managing Director and CEO North America, discusses the state of M&A and dealmaking during COVID-19 and beyond,… Read More

WBBM Noon Business Hour | Podcast: Opportunities for Private Companies with SPACs

Originally aired by WBBM NewsRadio on February 18, 2021.   Skip forward on the above media player to 7:17:00 to hear Rob Brown, Lincoln Managing Director and CEO North America,… Read More

Bloomberg | Free-Spending Private Equity Firms Set Record Pace in Europe

Originally published by Bloomberg on February 14, 2021. Phil McCreanor, Managing Director and Head of Investment Banking, UK & Nordics, discusses with Bloomberg his perspective on COVID-19’s effect on private… Read More

The Deal | Sense of the Markets: Brexit Unlikely to Hamper Deals

Originally published by The Deal on February 9, 2021. Phil McCreanor, Managing Director and Head of Investment Banking, UK & Nordics, discusses with The Deal his perspective on the effects… Read More

2020 Building Products Perspectives and Trends

Due to COVID-19, Lincoln International and L.E.K. Consulting had to cancel the annual Building & Infrastructure Conference for 2020. Our hope is that we can host you again in the… Read More

Webinar | Investing in Europe: Q&A on Executing and Financing Deals Post-COVID-19 – Part II

Lincoln International hosted a virtual panel on January 28, 2021, featuring the firm’s experts from across Europe for a Q&A on some of the key considerations and opportunities for investors… Read More

Across the Table Podcast | Healthcare Private Equity

Barry Freeman, Managing Director in Lincoln’s Healthcare Group, joins Geoff Cockrell, host of the Across The Table podcast, and McGuireWoods associate, Trey Andrews, to discuss the growing shift toward home… Read More

Private Equity News | Review: 2020, A Year Of Upheaval And Resilience

Originally published by Private Equity News on January 4, 2021. Phil McCreanor, Managing Director and Head of Investment Banking, UK & Nordics, discusses with Private Equity News his perspective on… Read More

Mergers & Acquisitions | M&A Forecast 2021: Logistics Deals Soar, as Covid Fuels E-Commerce

Gaurang Shastri, Managing Director with focus in Lincoln’s logistics and transportation sector, discusses with Mergers & Acquisitions the factors that will drive M&A activity in 2021. View full article originally… Read More

The Wall Street Journal | CFOs in 2021 Will Keep an Eye on These 10 Things

Rob Brown, Lincoln International Managing Director and CEO North America, speaks with The Wall Street Journal about mergers and acquisitions being top of mind for financial leaders heading into 2021.… Read More

Private Equity News | After Covid: What’s Ahead for Private Equity

Originally published by Private Equity News on January 4, 2021. Phillip McCreanor, Managing Director and Head of Investment Banking, UK & Nordics, contributed to Private Equity News’ annual outlook for… Read More

With Ample Dry Powder on the Sidelines, Private Equity Investors’ Top Priority in 2021 is Deploying Capital to Quality Companies

Economic Uncertainty Leads to a Heightened Focus on Portfolio Company Management Teams Looking to 2021, 88% of private equity (PE) investors indicate their most important objective is deploying capital, a… Read More

Supply-Demand Imbalance Continues as Private Equity Looks to Deploy Capital in 2021

Pulse on Private Equity: Recent survey of more than 150 global private equity investors uncovers key trends heading into 2021. Sources: Mergermarket, Pitchbook

Money Control | Adulterated Honey Controversy: This is What Brand Experts Say

Originally published by Money Control on December 9, 2020.  Gaurav Marathe, Managing Director and CEO India, provides his perspective on the new study by the Centre for Science and Environment (CSE)… Read More

An Under-the-Hood Look at the Specialty Automotive Chemicals Market

Specialty automotive chemicals cover a wide range of applications, which can be separated between lubricants, adhesives, cleaning and maintenance chemicals and automotive coatings. From an application standpoint, specialty automotive chemicals… Read More

Event | Lincoln Shares Insights about “Quality vs. Mediocrity” in Education

  One area where the two panelists represented arguably “middle-of-the-road” philosophies for their respective parties and agreed that the discussion around Pre-K-12 schools and the education of our children should… Read More

Event | Lincoln Shares Insights about “Rebuilding vs. Reopening”

One point that the two panelists agreed upon is the opportunity for each party to use the second round of economic stimulus to further its vison for future economic growth.… Read More

The Unpredictable Year: U.S. M&A Reflections and Projections

To epidemiologists, a global pandemic was not a matter of “if,” but “when.” But to the rest of the world, the events of 2020 have been full of surprises. Today,… Read More

Fragmented Product Lifecycle Management Technologies Present Investors with Opportunity to Consolidate Across the Digital Thread

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Q&A with Lincoln’s Newest Healthcare Managing Directors: Unpacking Market Dynamics & Deal-making for the Months Ahead

In summer 2020, Lincoln International welcomed three healthcare Managing Directors – Dirk-Oliver Löffler, in Germany, Roddy O’Neill, in New York, and Emily Wildes, in Chicago. Their arrival complements a global… Read More

European Deal Making in 2020: Insights on Selling, Buying and Opportunities for Investors

Businesses across Europe are facing challenges stemming from the COVID-19 pandemic every day. Despite the challenges, there have been several bright spots—presenting opportunities for private equity and corporate investors. Lincoln… Read More

As the Auto Industry Navigates the Pandemic, How Quickly will M&A Rev Up?

The automotive industry is once again showing its resilience as it navigates the impacts of the COVID-19 crisis. Second quarter earnings from the publicly traded automotive supplier set were generally… Read More

Webinar | Investing in Europe: Q&A on Executing and Financing Deals Post-Pandemic – Part I

Lincoln International hosted a virtual panel on October 22, 2020 to discuss considerations and opportunities for investors and businesses alike in the new deal landscape. Professionals from the firm’s European… Read More

Bloomberg Radio | Tax Change Fears Put Gas On Hot M&A Market

Rob Brown, Lincoln International Managing Director and CEO North America, discusses the state of M&A, how deals are getting done during COVID-19 and the potential future of dealmaking with Bloomberg… Read More

In a Post-COVID Climate, Home is Where the Care Is

The 65-and-older population has ballooned by over a third (34.2% or 13,787,044) during the past decade, according to the U.S. Census Bureau. With a growing pool of older Americans, investors… Read More

The 2020 Back-to-School Conundrum for Education Investors

After six months, we feel confident in saying that 2020 will go down as one of the most unique years in the history of education investing. COVID-19 has impacted every… Read More

From Handbags to Athleisure, European Private Equity Investors Splurge on Luxury

Twenty years ago, Net-a-Porter (now YNAP following merger with Italy’s Yoox) started selling high-end fashion online. While its entrance to the luxury goods market was met with reluctance, it paved… Read More

As COVID-19 Impacts Consumer Behavior, Investors Remain Hungry for Food & Beverage Acquisitions

As COVID-19 spreads throughout the globe, food & beverage consumption at home has increased significantly. Rising demand has caught the attention of private equity investors with capital ready to deploy… Read More

New Generation of Investment Opportunities in Human Capital Management Result from COVID-19

Few would disagree that 2019 was a candidate driven market when it came to hiring. With low unemployment and the underlying health of the economy sound, employers had to compete… Read More

Mergermarket | Consumer Trendspotter on European M&A

View original document here, published July 17, 2020.                                Written by Mergermarket, the leading provider of forward-looking… Read More

Preparing for Discussions with Potential Investors in Uncertain Times

As COVID-19 continues to wreak havoc on the economy, being recession resilient is no longer enough. Investors are looking for businesses that can withstand the unanticipated and unimaginable – circumstances… Read More

Increased E-commerce Sales Generate Opportunities for Material Handling Automation Investors

Rapidly growing e-commerce sales, both in total dollars and as a percentage of total retail sales, is driving demand for more automated warehouse and distribution solutions. This has transformed warehouse… Read More

Mint | Specialty Chemicals Biz Pique PE Players’ Interest

Originally published by Mint on July 3, 2020.  Preet Singh, Managing Director in Lincoln International’s Industrials Group, discusses why chemicals companies in India are greatly attracting investors. Click here to… Read More

CNBC Squawk Box Feature | Should Amazon Buy Macy’s?

View original post from CNBC on June 30, 2020 here. As brick-and-mortar shops maintain over 80% of retail sales, e-commerce platforms are exploring opportunities to take a slice of that revenue.… Read More

Time to Get In: Resiliency & Continuation of the “Electronics Super-Cycle” Power Investor Interest in EMS

Now more than ever, digital connectivity is critical as COVID-19 creates physical distance between people and businesses. The electronics super-cycle is driven by demand for the connection of everything. While… Read More

Bright Road Ahead for Investors in the Automotive Aftermarket

As Americans keep close tabs on their budgets and have more time on their hands while at home, the thought of personally performing maintenance and repairs, such as changing a… Read More

Emerging IoT Innovations Attract Corporate and Private Equity Investment

The Internet of Things (IoT) has experienced steady uptake in recent years, offering businesses a range of cost-saving benefits including improved productivity, enhanced situational awareness and a reduction in human… Read More

Safeguarding the Smart Grid: Why Partnering Makes Sense for Utilities & Infrastructure and Cybersecurity Companies

The threat of cyberattacks has increased across the globe, with organizations seeing a 67% increase in the last five years. While protecting against cyberattacks is top-of-mind for nearly every business,… Read More

Engineering & Consulting Services Sector Adjusts Amidst COVID-19 Uncertainty

While construction has been deemed an essential service across most of the country since the start of the pandemic, there nonetheless has been an impact for Engineering & Consulting (E&C)… Read More

What is the New Normal? A Closer Look at Automotive Demand & Supply Chain Impact

In April, U.S. light vehicle sales fell almost 50% year on year and resulted in a seasonally adjusted annualized rate (SAAR) of just 8.6m – significantly lower than any other… Read More

E-commerce and the Compression of Retail Disruption

In recent years, the consumer shopping experience was already experiencing rapid upheaval with e-commerce growing from 6.5% of total retail sales in 2014 to 11.0% in 2019(1); COVID-19 only accelerated… Read More

Awakening of the Healthcare Consumer

Since the beginning of the Information Age, there has been discussion around the importance, emergence, and empowerment of the health care consumer. This has been enabled and driven by rapid… Read More

Seven Software M&A Takeaways for Life After COVID-19

As technology investors consider where to be active amidst the COVID-19 crisis and the months that will hopefully follow later this year, we are increasingly being asked what “the market”… Read More

Industrial Technology Leaders are Likely Buyers for First Wave of Post-Pandemic Industrials M&A

The COVID-19 pandemic has already brought significant changes to the deal-making landscape. While regular-way deal activity has ground to a halt, strategic Industrial Technology buyers largely remain “open” and accessible.… Read More

Consolidation in Automotive Services Set to Accelerate with COVID-19

The COVID-19 pandemic has drastically altered the way people behave and how businesses operate. As part of those changes, society has also altered the way it moves. More specifically, in… Read More

Pet Sector M&A Insights and the Implications of COVID-19

In times of market volatility and economic downturns, investors gravitate to certain recession-resistant sectors.  Generally, the pet care category grew through the Great Recession when compared to the broader economy,… Read More

Better Together… or Apart? Solutions for Struggling Joint Ventures and Minority Stakes in Portfolio Companies

As the world battles COVID-19 and businesses experience cash constraints, underperforming joint ventures and minority stakes will come under the microscope. Following evaluation, there are usually two basic options: 1. Exit… Read More

Human Capital Management Services Sector Update Amidst COVID-19

As Q1 2020 began, few could anticipate a disruption to the global economy of the breadth, depth and pace of that which we now face. Human capital services touch every… Read More

Outlook of COVID-19 Impact on Global Medtech M&A / Business Development

The Current Environment – Commentary COVID-19 is delivering a true one-two punch to the economy. The first punch stunned global markets with a complete shut-down of activity, but coming out… Read More

unternehmeredition.de | State of M&A in Germany: COVID-19 and Beyond

Originally posted 4/24/2020 by unternehmeredition.de The COVID-19 pandemic has led to a drastic lockdown since March 2020, placing the global economy in unprecedented shock. The economic consequences are not yet… Read More

Ophthalmology Sector Thesis Strongly Intact with Demand Build-up Amidst COVID-19

Across the world, individuals are prioritizing human health and safety amidst the coronavirus pandemic, but hope is starting to dawn as countries, like Germany and the Czech Republic, begin easing… Read More

Pharmacies: The Right Prescription for Investors

Prior to the effects of COVID-19, UK community pharmacies were already undergoing significant change as a range of factors converge to transform the role of pharmacists within the primary care… Read More

In Manufacturing and Distribution, “Recession Resilience” Is No Longer Enough

For years, potential buyers asked management teams how their companies weathered in the Great Recession. The present pandemic will be the next test of company resilience and value. Until recently,… Read More

Articulating & Supporting Your COVID-19 Response “Playbook”

For years, potential buyers asked management teams how their companies weathered the Great Recession. It was a common question to gauge the agility, strategic thinking and fortitude demonstrated by leadership… Read More

The Role of “Physical Space”: New Constraints for Retail in a Post-COVID World

In an earlier COVID-19 article, we addressed how COVID-19 might impact consumer spending habits. In addition to shifts in spending behaviors, the very location where said spending occurs will be… Read More

COVID-19 Puts Spotlight on Organizational Investments in Human Capital Technology

Over the last decade, organizations around the world have debated the strategic merits and pace of investments in technology focused on the challenge of attracting, engaging and retaining talent. During… Read More

Trends in Digital Fitness

The Fitness Industry is Being Disrupted by New Business Models, Digital Delivery and Subscription Commerce The fitness industry has already been experiencing the massive growth of digital fitness, out-of-studio experiences… Read More

Interim/Post-COVID-19 Sector Outlook: Services & Products for Homebound Patients

Click the home healthcare sectors below to view key takeaways on the effects of COVID-19. Medical and Personal Services Skilled Home Healthcare Near term: REASONABLY STABLE / POSITIVE Long term:… Read More

M&A Market in Germany: Expected Revival after Coronavirus

Transactions will increasingly be characterized by distressed sales and defensive, less strategically motivated deals The corona crisis has left the global economy and M&A business in an unprecedented state of… Read More

Rethinking the Global Chemicals Supply Chain

The chemicals supply chain has always been global, because certain raw materials can only be sourced from, made in or distributed to certain areas of the world. Chemical manufacturers’ supply… Read More

Powering Utility & Infrastructure Services M&A Activity in a COVID-19 Landscape

Last month, the Cybersecurity and Infrastructure Security Agency (CISA), along with other federal agencies, state and local governments and the private sector, created an advisory list of “Essential Critical Infrastructure… Read More

Packaging Sector Update Amidst COVID-19 Uncertainty

Since the beginning of 2020 and particularly over the last several weeks, the Coronavirus (COVID-19) has had widespread effects on the global economy and M&A activity in the middle market.… Read More

Varied Effects of COVID-19 Across Facilities Services Sectors

The Coronavirus Disease 2019 “Coronavirus (COVID-19)” crisis is an incredibly fast-moving and unprecedented challenge that has had widespread effects on the global economy and M&A activity in the middle market.… Read More

Aerospace & Defense Trends Amidst Turbulent COVID-19 Period

As commercial airlines have made significant cuts to their capacity due to global travel restrictions and demand reductions, coupled with facility shutdowns of OEMs and major suppliers, the commercial aerospace… Read More

Teaching Without Classrooms: Education Investing in a COVID-19 World

Despite significant gains in online, or distance, learning over the last ten years, COVID-19 has enormously and irrevocably altered the education landscape in 2020. Technology adoption in primary and secondary… Read More

Partnering to Survive Today – and Thrive Tomorrow

The record levels of dry powder at the beginning of 2020 led to predictions of robust M&A activity. However, COVID-19 has thrown investors and businesses a curveball. Debt financing is… Read More

COVID-19 Pandemic Could Accelerate Recent U.S. Healthcare Growth Trends

One hundred years after the 1918 Spanish Flu, the world is facing another pandemic: COVID-19. Government and healthcare officials are working around the clock to flatten the curve and slow… Read More

How COVID-19 Could Change Consumer Spending Behavior, Even in a Post-Pandemic World

As people stock chest freezers with frozen meals and stores and restaurants temporality shutter their doors, COVID-19 has undoubtedly created significant disruption within consumer purchasing in the restaurant, retail and… Read More

Getting from A to B: A Roadmap to Freight Forwarding

A Closer Look at Shifting Dynamics like COVID-19, Flight to Scale, and Tech Disruption Mar 2020 With the rolling in of a new decade came the inking of a “phase… Read More

Better Together: Critical Early Steps Towards JV and Partnership Success

Marc van Grondelle and Emma Blackley of Lincoln’s global Joint Ventures & Partnering practice unpack why JVs and partnerships are so often overlooked and how to execute them without mishap.… Read More

Restaurant Investors Are Expected to Remain Active in 2020

Buyers Are Sitting on Capital That Needs to be Deployed While middle market restaurant brands once aggressively pursued IPO’s as the liquidity event of choice, today private equity and family… Read More

Indian Chemical News | M&A & partnerships will play a key role in chemical sector

Originally published by Indian Chemical News on February 27th, 2020 Preet Singh, Managing Director in Lincoln’s Industrials Group, discusses trends, upcoming opportunities and sub-sectors to watch in the chemicals industry.

Better Together: How JVs and Partnerships Should Contribute to Business Goals

Marc van Grondelle and Emma Blackley of Lincoln’s global Joint Ventures & Partnering practice unpack why JVs, partnerships and other forms of business collaboration are becoming more important, yet are… Read More

Investors Take a Bite into the UK and European Dentistry Markets

Memories of nightmarish childhood trips to the dentist appear to be a thing of the past for investors as they rush to capitalise on the dentistry market in record numbers.… Read More

Mergers & Acquisitions Excerpt | What’s ahead for M&A in 2020? We ask 8 advisors

Originally published by Mergers & Acquisitions on December 27, 2019 | Excerpt from interviews with eight bankers and other advisors for their outlook on M&A in 2020 What’s ahead for… Read More

Looking to 2020, 8 in 10 PE Firms Prioritize Deploying Capital

Recent survey of more than 160 global private equity investors uncovers key trends heading into 2020.

Spotlight on Joint Ventures & Partnering

Lincoln International is the only global investment banking advisory firm to offer joint ventures and partnering strategy and execution services. Our joint ventures and partnering (JV&P) professionals work in close… Read More

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… Read More

The Stork Delivers: Opportunities Abound in Fertility Market

It is becoming increasingly common for couples to marry and have children later in life. In the U.K., the median age of mothers having their first child in 1999 was… Read More

Tying the Knot: Auto Suppliers Should Follow the OEMs’ Example and Partner up to Meet Industry Demands

The automotive industry continues to undergo radical transformation as the impact of electrification, autonomous driving and ride sharing gains pace. To address these new technologies, players in the auto industry—both… Read More

Industry 4.0

Producing Value for a Growing M&A Market Imagine that a production line can gather data, analyze it and predict and correct mishaps before they occur—saving a manufacturer from the downtime… Read More

Drilling Down on Industrials: Spotlight on Consumable Tools

With bumpy markets leaving investors wondering how much longer the bull market can run, private equity sponsors are on the hunt for companies they can hold onto throughout the next… Read More

Frankfurt

Strong Momentum for the German M&A Market in 2020 Despite a Challenging Economic Environment

Originally published in M&A Review, Sep. 2019 Amid growing levels of political and economic uncertainty across Europe, the number of M&A deals with German involvement decreased by more than 10%… Read More

U.S. Restaurant Owners’ Optimism Amidst Ongoing Challenges

While data through the first half of 2019 suggests that the restaurant sector continues to feel the lumps of changing consumer tastes (primarily around convenience) and certain economic challenges (like… Read More

Education Technology: Investors Finding Many Degrees of Success

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Human Capital Management: Implementing Technology to Make the Workplace Human Again

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Key Trends in Cybersecurity Dealmaking

View original document from Pitchbook here.                                                 … Read More

Consumers in Control & the Role of Brands

Lincoln Managing Directors discuss the way consumers are in the driver’s seat as it relates to branded and non-branded food companies. Click the banner above to watch the video.  … Read More

How Companies are Mastering the Internet Economy

Lincoln Managing Directors discuss the evolution of consumer behavior and what it means for the economy. Click the banner above to watch the video.     Rob Brown: So why… Read More

CNBC Squawk Box Feature | M&A Deal Activity

View original post from CNBC on June 24, 2019 here. Rob Brown, Lincoln International Managing Director and CEO North America, joined CNBC’s Squawk Box to discuss the M&A landscape this quarter… Read More

U.S.-China Tensions, Tariffs and Tightening Regulations

Tension and tariffs drives Chinese M&A activity to markets outside the U.S. Mounting tension between Washington, D.C. and Beijing are top of mind in the dealmaking climate. As tariffs continue… Read More

Pitchbook | Q&A: The Evolution of Medtech in a Globalizing Industry

View original post from Pitchbook on May 29, 2019 here.                                           … Read More

Mergers & Acquisitions Magazine | Q&A Excerpt: Chris Stradling Shares Outlook

Originally published by Mergers & Acquisitions on May 28, 2019 | Excerpt from interviews with eight M&A advisors serving the mid-market Buyers should specialize, recommends Christopher Stradling, Lincoln International What… Read More

Q&A: How Competition for Software Deals has Changed Auction Process Dynamics in the TMT Space

View original post from Buyouts on May 28, 2019 here. Scott Twibell is a managing director and co-head of the TMT group at Lincoln International. Twibell’s global team completed nearly 110… Read More

Global Chemicals Outlook: Strong Momentum Continues

How is 2019 shaping up for Chemicals M&A? There continues to be strong momentum in the chemicals sector, with levels of interest consistent across investor populations. A number of more… Read More

Restaurants Finance Monitor | Lincoln International Brings Global Emphasis to Restaurant Investment Banking

Consumer Group Director, Charles Walder, recently contributed his perspectives about Lincoln’s global connectedness for Restaurants Finance Monitor. He discusses the variety services Lincoln delivers in the restaurant sector including investment… Read More

Q&A: How Labor Market Growth, Export of Services and Horizontalization Across Verticals are Driving Opportunity

View original post from Pitchbook on February 25, 2019 here.                                             … Read More

Q&A: Reviewing Key Trends in M&A and Technology That Will Shape 2019

View original post from Pitchbook on December 11, 2018 here. The M&A cycle has persisted remarkably, with the evolution of technology from a vertical into a horizontal playing a key role… Read More

Filling the Gap – How Private Enterprise is Tackling the Up-Skilling and Re-Skilling Challenge

Much has been written over the last several months and years about the looming divide between available jobs and the supply of candidates with the requisite skills to fill those… Read More

Doctor’s Orders: Disruption Driving Deals

Remember when you had to wait to hail a cab, could only watch a show on a weekly basis and had to go to a store to buy groceries? That… Read More

Brexit Impact on UK M&A

As the deadline for the UK to leave the European Union edges ever closer, the M&A market has been outperforming expectations. According to the recent Mergermarket Trend Report, UK M&A… Read More

PE Firms Seeking Software

Software is powering everything from supply chains to healthcare, and private equity firms have taken notice. It’s well documented that private equity firms are sitting on more dry powder than… Read More

Change is on the Menu for Restaurants

The Restaurants industry is evolving as fast as it ever has, with globalization, changing consumer preferences and technology increasingly impacting concepts across the dining spectrum: from QSR to fine dining. … Read More

Best Practices for Chinese Investors Entering Europe

Chinese investment into Europe is on a roll. In the first half of 2018, China invested nine times more into Europe than North America, reaching $20 billion in deals, according… Read More

WBBM Noon Business Hour Podcast | Record M&A Activity

 Rob Brown, Lincoln Managing Director and CEO, North America, discusses the economic factors and other dynamics that are driving a very active 2018 for M&A and how a slow… Read More

M&A and Investment Climate Post Election of New Brazilian President

Confirming expectations, this week right wing candidate Jair Bolsonaro handily won the second round of the Presidential elections in Brazil, against left wing candidate Fernando Haddad, with a 55% to… Read More

Outlook for Industrials

Strong industrials company performance and deal activity will continue to drive success in 2019, despite some uncertainty around tariffs and ongoing trade negotiations. Here are the trends we’re watching. M&A… Read More

It’s Not Innovate or Die; It’s Innovate or Buy

The retail industry isn’t dying, it’s changing. While store closures and bankruptcy headlines are still prevalent, consumer sentiment in September 2018 reached the second-highest level since 2004, according to the… Read More

The Early Innings of Tariff Impact

Trade tensions between the U.S. and large trading partners like China are increasing. While the future of trade policy and tariffs is less than certain, the impact on middle market… Read More

Investment in the Consumer Sector

Lincoln Managing Directors discuss enthusiasm for M&A in the consumer sector and how rapid change is acting as a catalyst for investment and innovation.

WBBM Noon Business Hour Podcast | M&A Among Chicago Companies

Rob Brown, Lincoln Managing Director and CEO, North America, discusses some of the dynamics that may be impacting mergers and acquisitions among some Chicago-based companies.

The Changing Dynamics of Retail

Lincoln Managing Directors discuss the evolution of retail and how companies are integrating technology and unique experiences to remain relevant and importantly – competitive.

Changing Consumer Preferences

Managing Directors in Lincoln’s Consumer Group, share how Millennials are influencing preference shifts in the Consumer sector overall.

Valuations & Opinions

CNBC | UK, EU Private Companies Remain Strong

Originally aired on CNBC on November 22, 2022. Richard Olson, Managing Director in Lincoln’s Valuations & Opinions Group, explains why private companies are experiencing resiliency.

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.… Read More

Lincoln Private Market Index Modestly Increases, but Private Markets are Beginning to Cool Off

Amid public market volatility, private company valuations held up, but cracks are showing The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in the enterprise value… Read More

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… Read More

Lincoln’s Latest

In Q3 2020, Lincoln International introduced Lincoln’s Latest video series. Experts from across industries, services and geographies, share perspectives on current trends, recent observations and future outlooks through this video… Read More

Lincoln Private Market Index Experiences First Decline Since Q1 2020

Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More

Buyouts | Writedowns are coming, but the pain may be muted

Originally published by Buyouts on August 1, 2022. Ron Kahn, Managing Director in Lincoln’s Valuations and Opinions Group, shares how economic uncertainty and inflation could impact company performance. View the… Read More

Webinar | European Private Market Insights

Thank you for your interest in Lincoln’s Webinar: European Private Market Insights.  All request submissions will be evaluated and a member of our team will contact qualified requestors with a… Read More

Refinitiv | Private Credit Valuations Dip Slightly

Originally published by Refinitiv on June 14, 2022 Brian Garfield, Managing Director in Lincoln’s Valuations and Opinions Group, shares key insights on the valuations of private credit investments based on… Read More

Webinar | Software and the Rise of ARR-based Financings

On Tuesday, April 5, 2022, Lincoln International hosted experts from the firm’s U.S. and European Capital Advisory, Valuations and M&A Groups for a webinar to discuss the latest trends in… Read More

Citywire | Europe’s Private Debt Managers Embrace ESG-Linked Loans

Originally published by Citywire on March 16, 2022. A recent feature in Citywire features Richard Olson, Managing Director in Lincoln’s Valuations & Opinions Group, to discuss the ESG market and… Read More

Request Form: SEC Proposes New Fund Rule

Thank you for your interest in Lincoln’s perspective on the proposed SEC new fund rule. All request submissions will be evaluated and a member of our team will contact qualified requestors… Read More

Bloomberg | Private-Credit Risk Builds as Leverage Levels Scale New Highs

Originally published by Bloomberg on February 8, 2022. Ron Kahn, Managing Director in Lincoln’s Valuations & Opinions Group shares with Bloomberg notable private credit market trends from the Q4 2021… Read More

Career Path Options for Prospective Investment Bankers

If you are seeking an opportunity in a fast-paced environment where you can learn a wide variety of skills and advise clients on mergers and acquisitions as well as raising… Read More

Buyouts | How to Enhance the GP-led Secondaries Transaction Process

Originally published by BuyoutsInsider on November 24, 2021.  The GP-led secondaries market is booming and the continuation vehicle structure (GP-led) has unquestionably arrived as a competitive strategic alternative to traditional… Read More

Bloomberg | Private Lenders Ratchet Up Risk as They Fight for Business

Originally published by Bloomberg on August 13, 2021.  Lincoln International’s Ron Kahn, Managing Director in the firm’s Valuations & Opinions Group explores findings from the Q3 2021 Lincoln Private Market Index. Click… Read More

Navigating Valuations for Structured Products: Q&A with Lincoln Managing Director Jennifer Press

Lincoln recently welcomed Jennifer “Jen” Press, a New York-based Managing Director, who recently joined Lincoln’s Valuations & Opinions Group to head the complex financial instrument offering. Jen brings more than two… Read More

From Corporate Social Responsibility to PE Impact Funds: Investor Interest in ESG and Sustainability Gains Pace

Institutional investors are increasingly accountable for how they deploy capital. More so than the widespread divestment from fossil fuels over the last decade, some capital allocators today are seeking to… Read More

Private Debt Investor | Loan Note: Defaults Still Loom in Consumer Sector; CIP Preps Renewables Debt Offering

Originally published by Private Debt Investor on September 23, 2021.  Richard Olson, Managing Director at Lincoln’s Valuations and Opinions Group discusses with Private Debt investor on consumer sector performance over… Read More

Bloomberg | Private Companies Are Flush With Cash as Economy Resurges

Originally published by Bloomberg on August 13, 2021.  Ron Kahn, Lincoln International Managing Director, discusses the firm’s Q2 2021 Lincoln Middle Market Index and trends in middle market private equity… Read More

Halftime Report: How Dealmakers Can Make the Most of H2 2021

As global economies reopen post-pandemic, the investing community is busier than ever. Looking ahead to the second half of 2021, this is a prime moment for deals to get done.… Read More

Bloomberg | Direct Lending Growth Spurt Brings Calls for More Transparency

Originally published by Bloomberg on June 16, 2021. Richard Olson, Managing Director of the firm’s Valuations & Opinions Group, provides insight around the drive for more visibility on valuations with… Read More

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Webinar | Lincoln’s Valuations & Opinions Group: Q4 2020 Credit

On Wednesday, December 9, 2020, Lincoln International’s Valuations & Opinions Group recently hosted a webinar discussing the state of the market, COVID-19 impact on private company fundamentals and amendments, and… Read More

With Ample Dry Powder on the Sidelines, Private Equity Investors’ Top Priority in 2021 is Deploying Capital to Quality Companies

Economic Uncertainty Leads to a Heightened Focus on Portfolio Company Management Teams Looking to 2021, 88% of private equity (PE) investors indicate their most important objective is deploying capital, a… Read More

Supply-Demand Imbalance Continues as Private Equity Looks to Deploy Capital in 2021

Pulse on Private Equity: Recent survey of more than 150 global private equity investors uncovers key trends heading into 2021. Sources: Mergermarket, Pitchbook

Webinar | Lincoln’s Valuations & Opinions Group: Q4 2020 Private Equity

On Wednesday, December 16, 2020, a panel of Lincoln International professionals hosted a webinar discussing the following topics: Market Recap COVID Impact on Private Company Fundamentals, Multiples, Enterprise Values and… Read More

Bloomberg | Private Equity Cash Boosts Fortunes of America’s Mid-Sized Firms

Lincoln International’s Ron Kahn of the firm’s Valuations and Opinions Group speaks with Bloomberg about Lincoln’s Q3 2020 Middle Market Index and trends in middle market private equity investments. View… Read More

The Wall Street Journal | Mid-Market Private-Equity Valuations Regained Ground in Third Quarter

Lincoln International’s Ron Kahn of the firm’s Valuations and Opinions Group speaks with The Wall Street Journal about trends in middle market private equity valuations in Q3 2020. View original… Read More

Webinar | Autumn Valuations and Capital Advisory Insights

Lincoln International hosted a webinar on November 2, 2020, discussing proprietary insights sourced from private companies into Q3 valuations alongside forecasts for the quarter ahead. The global panel explored select… Read More

Webinar | Liquidity Solutions Academy

On Thursday, November 5, 2020, Lincoln International’s Chris Gregory, Managing Director in the firm’s Valuations and Opinions Group and leader of its fairness and solvency opinion practice, joined Kirkland &… Read More

Secondaries Investor | Lincoln International Discusses Demand for New Funds

Richard Olson, Managing Director in Lincoln International’s Valuations & Opinions Group, discusses with Secondaries Investor the factors that determine the value of an unfunded stake amidst the COVID-19 pandemic. View… Read More

S&P Global Market Intelligence | COVID-Era Private Credit Trends

A rash of covenant violations due to government-mandated shutdowns has forced lenders to reevaluate portfolio companies and rewrite covenants. As a result, new trends have taken shape in private credit… Read More

Webinar | Europe: Our Latest Insights on Valuations and Financings Market Conditions as We Enter Q3 2020

On Wednesday, July 8, 2020, experts in Lincoln International’s Financial Sponsors Group, Valuations & Opinions Group and Capital Advisory Group join forces to discuss insights into the European valuations and… Read More

Webinar | Panel Discussion on Fairness Opinions GP-Led Secondaries

Chris Gregory joins Kirkland & Ellis’ Asia Liquidity Solutions webinar series alongside panelists from Houlihan Lokey and Duff & Phelps. The panel discussed fairness opinions in GP-Led Secondary Fund Recapitalizations (“GP-Leds”)… Read More

Webinar | Private Credit Forum: BDC and Private Credit Mid-Year Update

On Thursday, June 25, 2020, Deloitte, Dechert LLP & Lincoln International discussed the state of the market mid-2020. Please complete the form below to request access to this recording

How to Approach Your Q2 Private Company Valuations

Q2 is all about ensuring you do not “Double Count” Q1 valuation considerations but rather “True-Up” analyses with incremental findings and new information As the first quarter ended on March… Read More

A Modern Approach to Good Faith Determination of Fair Value: New Guidance & Implications for Fund Board Members and Advisors

On April 21, 2020, the Securities and Exchange Commission (“SEC”) proposed a rule (“Proposed Rule”) setting forth a framework and minimum standards for boards of directors in fair valuing investments… Read More

Webinar | 10 Weeks Into the COVID-19 Crisis: What We’re Seeing in European Deal Financings and Valuations

On May 28, 2020, Lincoln International’s European Debt Advisory and Valuations Groups led an exclusive “ZoomCast” interactive webinar with a panel of Lincoln’s capital markets experts discussing the fast-changing financing… Read More

Affiliate Party Transaction Fairness Opinions During Down-Round Financing

The economic ripple effects of COVID-19 are already being felt in private equity (PE) portfolios around the world. While some portfolio companies are expected to successfully weather this challenging time… Read More

Company Values Teeter in Q1, but Q2 will Reveal Full Force of COVID-19 Impact

Before COVID-19 spread worldwide, middle market companies exhibited robust growth in the first two months of the year and the largest quarterly gain in five quarters, according to the Lincoln… Read More

Webinar | Lincoln International and Latham & Watkins Discuss Capital Infusion Transactions

On May 14, 2020, Chris Gregory, a Managing Director in Lincoln’s Valuations & Opinions Group and head of the Fairness & Solvency Opinion Practice is joined by Alex Stevenson, Managing… Read More

Mergers & Acquisitions | M&A Trends

View original post from Mergers & Acquisitions on May 8, 2020 here. TRENDS The enterprise values of private middle market companies dropped 7.5 percent in the first quarter, according to Lincoln’s Quarterly… Read More

Private Equity Professional | Mid-Market Valuations Fare Better Than S&P 500

View original post from Private Equity Professional on May 8, 2020 here. According to Lincoln International’s Middle Market Index (Lincoln MMI) declines in the enterprise value of private middle market companies in the… Read More

Bloomberg | Private Lenders Get Juicier Yields in Battered Middle Market

View original post from Bloomberg on May 7, 2020 here. Small and mid-sized companies are facing higher borrowing costs as private lenders grow more cautious about lending to beaten-up businesses. This… Read More

Trends in the European Debt Markets & Valuation Implications

Lender Sentiment Lenders are honouring existing commitments with negligible retrades; however, debt and equity investors are cautious when reviewing new opportunities. Lenders remain focused on their existing portfolios and are… Read More

Lincoln International Middle Market Performance Review

View original document from Pitchbook here.                                                 … Read More