GOOD NEWS AROUND THE CORNER
Look for exciting deal announcements in the coming week. Summer is a tough time to initiate deals, but a great time to get them closed – and to launch new engagements. We have a highly strategic IP-based transaction closing on Wednesday, a second deal for a VC-backed startup later in the month, and a new client gearing up for a September launch whose closest competitor just sold for over $200 million, at a fantastic multiple. Tech M&A volumes are stabilizing at about 33% of where they were at the 2007 peak, but the key word is “stabilized”. And, with a lot of the distressed inventory washed out over the last 18 months, deal quality is rising.