March 2023
On Sunday, federal emergency measures have been implemented to protect all Silicon Valley Bank depositors and ensure all have access to their funds. See the Joint Statement by Treasury, Federal Reserve, and FDIC
The Federal Deposit Insurance Corp. took control of Silicon Valley Bank last Friday, after the bank was hit by a run on its deposits. Most of the bank’s customers, predominantly technology companies and startups, had deposits exceeding the $250,000 limit on FDIC insurance, and there was widespread concern those customers wouldn’t get their money back quickly enough to cover payroll and other financial obligations.
While depositor experiences vary, and some are unable to login to their SvB accounts and SvB communication remains sparse. In the meantime, you can find more information in the following article from FactSet along with FAQs from Pilot and Goodwin Proctor
If Matt or I can help you make sense of all that is going on and any impacts to your search, please contact us. In the meantime, please find a selection of resources below to support your efforts.
SEARCH FUND TOPICS
SEARCH FUND SPOTLIGHT and mostly, PE, VC and Search Funds
M&A Industry Trends: What Sectors Have The Best-Selling Businesses?
Booth ETA Student Plans to Hold Onto his Newly Acquired Plumbing Company
Bain sees opportunity for bold moves in an uncertain 2023 market
Tactics for managing paid customer acquisition during a downturn
SaaS: Use customer insights to accelerate growth during a downturn
2022 SPS Deal Origination Benchmark Report (DOBR) from SPS Bain
It's A Buyers' M&A market, But Not All Sellers Got The Memo from S&P
High Expectations For Digital Growth In Private Capital Industry
Strategic M&A will be the fastest way to business transformation
Middle-market Business Leaders Positive on M&A Market in 2023
CEO SPOTLIGHT and matters of Small Business
How to keep a “poker face” at work—and when you should let it slip
Rhetorical Techniques to increase your impact as a communicator
EVENTS *Virtual | Search Fund Events in Bold
13 March, Priorities for CIOs Across Industries from Gartner*
14 March, Reduce Technical Debt With Infrastructure Lifecycle Management from Gartner*
15 March, Leadership Vision for General Counsel from Gartner*
16 March, Which Future of Work Models Retain Staff and Power Their Performance from Gartner*
20 March, Principles of Organizational Change That Every Leader Must Follow from Gartner*
20 March, Position Your Brand to Drive Business Outcomes from Gartner*
20 – 22 March, Gartner Identity & Access Management Summit, Dallas
29 March, A New Finance Technology Strategy for CFOs to Drive Agility from Gartner*
31 March, Impactful Storytelling: Enhance Your Value & Influence from Gartner*
16 – 17 May, Gartner CSO & Sales Leader Conference, Las Vegas
22 – 24 May, Gartner Application Innovation & Business Solutions Summit, Las Vegas
31 May – 1 June, Gartner CFO & Finance Executive Conference, DC
14 – 15 June, Gartner Tech Growth & Innovation Conference, San Diego
29 – 30 November, Gartner Supply Chain Planning Summit, Phoenix
5 – 7 December, Gartner IT Infrastructure, Operations & Cloud Strategies Conference, Las Vegas
12 - 13 June, Battery and Critical Metals Recycling Conference, Atlanta
6 - 8 June, Global Consumer, Technology & Services Conference, NYC
25 - 28 June, International Society for Technology in Education Conference, Philadelphia
INTERESTING
80% of consumers have turned to telemedicine, Rock Health finds
Amazon is letting employees use their stock to finance home purchases and even second homes
2000-2022 Consumer Price Inflation by Type of Good or Service
‘There are no A.I. experts today’ and it’s a great time to enter the field
The Creative Act: A Way of Being by Rick Rubin (one of the greatest music producers of our time!)
companies. tools provides a curated selection of the design, research, code, support, and feedback tools to collect customer feedback
Excel Formula Bot transforms text instructions into an Excel formulas
myNoise brings the outside world to you without all of the unwanted noise
M&A, PRIVATE EQUITY & INDUSTRY UPDATES
GENERAL M&A
202301 US Mergers & Acquisitions Monthly Review from FactSet
Reasons to believe the P/E multiples will expand from RayJay
2022Q4 Middle Market M&A Update From Greenwich Capital Group
Growth Investing in Private Markets: Trends and Transparency
MM PE Had a Bad 2022 — They Still Believe They Can Get Deals Done
Six Key Themes To Watch In M&A In 2023 from Solomon Partners
Open-ended funds: a new way forward for private market funds
AEROSPACE, DEFENSE, GOVERNMENT, CIVIC & SOCIAL SECTOR
2022Q4 Aerospace & Defense Industry Update From Greenwich Capital
Linquest to Acquire Capability Analysis & Measurement Organization
AGRICULTURE & FOOD
Equifax Canada to Acquire Profile Credit's Food Industry Credit Bureau
Natural Environmental Solutions to Acquire Minimum Risk Pesticide
AUTOMOTIVE & ASSEMBLY
2022Q4 Automotive Industry Update From Greenwich Capital Group
Electric Vehicles Investment and M&A Trends from Woodside Capital
2022Q4 Automotive Aftermarket And Powersports Update from Solomon Partners
Cuadrilla Capital-Backed Chartbeat to Acquire Lineup Systems And Tubular Labs
Dcg Acquisitions to Acquire Largest Toyota Dealership in California
Foundation Automotive to Acquire Crossroads Dodge Chrysler Jeep Ram
Team Automotive Group to Acquire Addy’s Harbor Dodge Ram Fiat
B2B, CONSULTING & PROFESSIONAL SERVICES
2022Q4 Business Services Industry Report from CFA Associates
Avenu Insights & Analytics to Acquire Interware Development Company
Data Communications Management to Acquire Canadian Operations Of R.R. Donnelley & Sons
Fpt Software to Acquire Intertec International’s IT Services Division
Jobsquad Staffing Solutions Nationwide Network to Acquire Task Management
Littelfuse to Acquire Western Automation Research And Development
Mastry Ventures And General Catalyst to Acquire Athletes First
MCI to Acquire Guthy-Renker’s Contact Center Service Operations
Montrose Environmental Group to Acquire Environmental Alliance
EDUCATION, TRAINING & SKILL DEVELOPMENT
Colorado Technical University to Acquire Coding Dojo for $52.8MM
Endeavor Schools to Acquire Montessori schools in Washington and California
ENERGY, POWER, UTILITIES & ENVIRONMENT
2023 Energy, Resources, and Industrials Industry Outlook from Deloitte
Anfield Energy to Acquire Dripping Springs Quartzite Uranium Project
Borgwarner to Acquire Hubei Surpass Sun Electric (SSE) Charging Business
Cardinal Midstream to Acquire Medallion’s Natural Gas Business
Encore Energy to Acquire Alta Mesa In-Situ Recovery Uranium Plant
Excelerate Energy And Venture Global to Acquire Louisiana LNG Facility
International Petroleum Corp to Acquire Cor4 Oil for $62.5MM
KLX Energy Services Holdings to Acquire Greene's Energy Group for $2.4MM
Missouri American Water to Acquire Stewartsville Water And Wastewater Systems
Northern Biogas to Acquire Three Dairy Renewable Natural Gas Projects
Nw Natural Water to Acquire Truxton Canyon Water and Cerbat Water
Petrolympic to Acquire New Lithium Properties In James Bay Area
Primo Water Corporation to Acquire Mountain Valley Spring Site
Sparus Holdings to Acquire Allegiant Utility Services And Trucheck
Williams to Acquire Mountainwest Natural Gas Transmission And Storage
FINANCE & INSURANCE
2023 Corporate And Transaction Banking Outlook from Oliver Wyman
2022Q4 Financial Services Industry Report from CFA Associates
Cohen & Company to Acquire BBD's Investment Management Group
Davidson Investment Advisors to Acquire Caprin Asset Management
Exencial Wealth Advisors to Acquire Shoreline Financial Advisors
First Commonwealth Financial to Acquire Centric Financial Corporation
FS Bancorp to Acquire Seven Locations in Washington and Oregon
Inszone Insurance Services to Acquire Business Insurance Solutions
Inszone Insurance Services to Acquire Chao Pacific Insurance Brokers
Inszone Insurance Services to Acquire David Tennant Insurance Agency
Inszone Insurance Services to Acquire Sonora Insurance Agency
LPL Financial Holdings to Acquire Financial Resources Group Investment Services
Metlife Investment Management to Acquire Raven Capital Management
Monroe Capital to Acquire Horizon Technology Finance Management
Savant Wealth Management to Acquire Capital Directions for $3.3B
Securian Canada to Acquire Sun Life’s Sponsored Markets Business
Spouting Rock Asset Management to Acquire Altan Asset Management
US Risk Insurance Group to Acquire Gumtree Wholesale Insurance Brokers
Westland Insurance Group to Acquire Niche Assurance Inc. And Heritage Insurance
Westland Insurance Group to Acquire Shephard Ashmore Insurance
HEALTH CARE & LIFE SCIENCES
2022Q4 Healthcare/Life Sciences Industry Report from CFA Associates
2022Q4 Healthcare Industry Update From Greenwich Capital Group
M&A deals in life sciences sector to rebound in 2023, says EY
2022 Consumer Healthtech Market Report from Solomon Partners
Cain Brothers Hospital and Health System M&A: 2022 Year in Review
Avita Care Solutions to Acquire Three San Antonio Specialty Pharmacies
Crum & Forster Accident & Health Division to Acquire Partners MGU
Diversified Maintenance to Acquire Perennial Medical Cleaning Solutions
DocMJ to Acquire Medical Cannabis Physician Practice In Massachusetts
Dr. Reddy's Laboratories to Acquire Mayne Pharma’s U.S. Generic Prescription Product Portfolio
Drfirst to Acquire Diagnotes Secure Messaging And Care Coordination Platform
Ensign Group to Acquire Skilled Nursing Facilities In Colorado
GC Biopharma to Acquire Catalyst Biosciences Rare Disease Pipeline In Hematology
Gentiva to Acquire Heartland Hospice And Home Care From Promedica
Health Management Associates to Acquire Lovell Communications
Kymanox Corporation to Acquire Anteris Medical And Anteris Helvetia
Lifepoint Health to Acquire Four Inpatient Rehabilitation Facilities
Lotus Bio-Technology Development to Acquire Pioneer Digital Health
Montecito Medical to Acquire Medical Office Building In Philadelphia
Montecito to Acquire Two Orthopedic Medical Office Properties In Cincinnati
Palm Medical Centers to Acquire Broward County Family Medicine Specialist
SD Biosensor and SJL Partners to Acquire Meridian Bioscience
Takeda to Acquire Nimbus Therapeutics’ TYK2 Program Subsidiary
Tonix to Acquire Preclinical Infectious Disease Portfolio From Healion Bio
Triumph Higher Education Group to Acquire Medical Marijuana 411
Vivos Therapeutics to Acquire Advanced Facialdontics Product Rights and Patents
HOSPITALITY, TRAVEL & TOURISM
2023Q1 Outdoor Products and Recreation Industry Insights from Kroll
Credit Suisse Asset Management And Trinity Investments to Acquire Diplomat Beach Resort
INDUSTRIALS, MANUFACTURING & MATERIALS
2022Q4 Metal Fabrication Industry Report from CFA Associates
Cherokee Nation Businesses to Acquire Gold Strike Casino Resort
Contexture to Acquire Commonwealth Blinds & Shades' Nashville
Daikin Applied to Acquire Custom Air-Handler Manufacturer Alliance Air Products
Dynabrade to Acquire Abrasive Converter Global Abrasive Products
Investmentpitch Media And Black Tusk Resources to Acquire PegaLith Lithium Project
Flip Electronics to Acquire Manufacturer Of Obsolete Semiconductors
HCPI Portfolio Company Prince Industries to Acquire Precision Shapes
Helios Technologies to Acquire Schultes Precision Manufacturing
Hoffmaster Group to Acquire Paterson Pacific Parchment Company
Iconex to Acquire Graphic Controls Point-Of-Sale Rolls Division
Indie to Acquire GEO Semiconductor Infinite Electronics to Acquire Cable Connectivity Group
Levine Leichtman Capital Partners to Acquire East Coast Metrology
Lithium Ionic to Acquire Strategic Mining Claim In Minas Gerais
Martinrea International to Acquire Effenco Development Assets
Methode Electronics to Acquire Nordic Lights Group Corporation
Micross to Acquire Converter Business Of Infineon Technologies Ag
Midland Exploration to Acquire Strategic Position For Gold And Lithium In Abitibi
Motion & Control Enterprises to Acquire Precision Pump & Valve
North Arrow Minerals to Acquire Bathurst Inlet Lithium Property
Platinum Equity to Acquire Imerys SA's High Temperature Solutions business (HTS) for $930MM
Reunion Gold Corporation to Acquire Oko West Project In Guyana
Right Lane Industries to Acquire Rear Discharge Mixer Businesses Of Mcneilus And London Machinery
Tex Tech Industries to Acquire SGL Carbon’s Business Activities
Traxys Group to Acquire Traxys Management, Optiver And Investors
Vector Laboratories to Acquire Click Chemistry Tools And Fluoroprobes
MARKETING & ADVERTISING
Trends Shaping The Digital Signage Industry from Solomon Partners
Corporate Visions to Acquire Automated Win-Loss-No Decision Analysis Company
MEDIA & TELECOMMUNICATIONS
2022Q4 Tech/Media/Telecom Industry Report from CFA Associates
2022Q4 Media Entertainment Streaming Trends from Solomon Partners
Centerline Communications to Acquire Pearson Pelletier Telecom
DNEG to Acquire Film Studio Complex And Premier Production Services Assets
Mobile Communications America to Acquire Tidewater Communications & Electronics
Syntagma Capital to Acquire Nexans’ LAN/Data Center And Telecom /Fibre Division
REAL ESTATE, CONSTRUCTION & ENGINEERING
2022Q4 Facility & Residential Services Update from Solomon Partners
A1 Garage Door Service to Acquire A1 Garage Door Specialists
AnPac Bio-Medical Science to Acquire Savannah Lakes Village Real Estate for $28MM
Centerbridge Partners And Gic Real Estate to Acquire Realty Trust for $868MM
Core & Main Signs Agreement to Acquire Landscape & Construction Supplies
Capital’s Global Infrastructure Equity Investment Management Business
Green Courte Partners to Acquire Active-Adult Community In Omaha
Hill & Smith Holdings to Acquire Enduro Composites for $35MM
Petroledger Financial Services to Acquire Associated Resources
Pye-Barker Fire & Safety to Acquire Ac Daughtry Security Systems
Viking Mergers and Acquisitions to Acquire Northeast Pool Company
RETAIL, CONSUMER SERVICES, TRADE & WHOLESALE
Easy Ice to Acquire Ice Machine Division Of San Diego Ice Company
Givaudan to Acquire Portfolio Of Major Cosmetic Ingredients From Amyris
PRT Growing Services to Acquire Woodmere Nursery’s Alberta Facility
Schwazze to Acquire Two Retail Dispensaries From Smokey's Cannabis
TECHNOLOGY
Retail, mergers and acquisitions will grow according to Bain
Lexisnexis to Acquire Aistemos Cipher Classification Platform
Nowvertical Group to Acquire Group Analytics 10 and Inteligencia de Negocios
Saint-Gobain to Acquire Asphalt Shingle Recycling Technology
Sonata Software North America to Acquire Quant Systems for $65MM
TRANSPORTATION, LOGISTICS & PACKAGING
2022Q4 Transport/Logistics/Supply Chain Industry Report from CFA Associates
2022Q4 Transportation & Logistics Industry Update From Greenwich Capital Group
Advanced Emissions Solutions to Acquire ARQ Limited’s Business
Envoy Solutions to Acquire Accurate Chemical, and GPMI Company
EQT Active Core Infrastructure and PSP Investments to Acquire Radius Global Infrastructure
Guardian Fleet Services to Acquire Emerald Transportation Company And Sapp'S Wrecker Service
IBS Software to Acquire Accenture Freight and Logistics Software (AFLS)
WASTE MANAGEMENT & RECYCLING