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Middle Market Private Equity M&A Activity – Q2 2020

Value Scope

Click to Download: Middle Market Private Equity M&A Activity – Q2 2020 Executive Summary Transaction Volume Shrinks Only 31 transactions were reported in Q2 2020, bringing the total reported transactions in 2020 to 113. Debt Usage Decline In Q2 2020, total debt to EBITDA fell to 3.3x the prior quarter.

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Middle Market Private Equity M&A Activity – Q2 2020

Value Scope

Click to Download: Middle Market Private Equity M&A Activity – Q2 2020. Size became an even greater pricing consideration for the middle market as transaction multiple variances widened for acquisition targets above and below $50 million. In Q2 2020, total debt to EBITDA fell to 3.3x Executive Summary.

Equity 130
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Chancery Invalidates Elon Musk’s $55.8 Billion Equity Compensation Package

Harvard Corporate Governance

3] The Grant On January 21, 2018, Tesla’s Board of Directors (the “Board”) [4] unanimously approved the Grant, which would vest based on Tesla’s achievement of certain market capitalization goals, as well as operational milestones related to revenue and adjusted EBITDA targets. The process arrived at an unfair price.” [3]

Equity 229
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SaaS EBITDA Margins and The Rule of 40

Lighter Capital

When “growth at any cost” was the name of the game in tech, founders could breeze by without calculating and comparing their startup’s EBITDA margin. EBITDA — earnings before interest, taxes, depreciation, and amortization — is a profitability measure that excludes costs that can obscure the true performance of a business.

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Tornetta v. Musk: Post-Trial Opinion

Harvard Corporate Governance

s directors breached their fiduciary duties by awarding Elon Musk a performance-based equity-compensation plan. For a tranche to vest, Tesla’s market capitalization must increase by $50 billion and Tesla must achieve either an adjusted EBITDA target or a revenue target in four consecutive fiscal quarters. With a $55.8

EBITDA 338
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The Full Guide to Healthcare Private Equity, from Careers to Contradictions

Brian DeChesare

When you hear the words “healthcare private equity,” two thoughts probably come to mind: Wait a minute, isn’t healthcare a risky/growth-oriented sector? Before delving into these nuances, we should take a step back and define the sector: Definitions: What is a Healthcare Private Equity Firm? Why do PE firms operate there?

Equity 59
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What’s Next for US M&A

Harvard Corporate Governance

As activity—still at impressive levels considering everything that has been thrown at the deal market—takes a breather, we consider five fundamental trends that may play out over the coming months. It is likely that direct lenders will step in to pick up some of the slack left by more cautious capital markets.

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