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Middle Market M&A News: December 2012

Deloitte Corporate Finance LLC


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The December 2012 edition of Middle Market Merger and Acquisitions (M&A) News, produced by Deloitte Corporate Finance LLC, includes the following highlights:

  • M&A activity declines in the third quarter - Merger & acquisition transaction value and volume slumped in the third quarter, bringing down the last twelve month totals, amid increasing concern the economic recovery is deteriorating.
  • Private equity activity remains steady - U.S. middle market private equity M&A value for LTM Q3 2012 was $27.2 billion, down 9.5% from $30.1 billion as of LTM Q3 2011, according to Thompson Financial. However, deal volume was up slightly with a 0.9% increase to 1,292 from 1,281 in LTM Q3 2011.
  • EBITDA multiples remain elevated - The U.S. middle market median Enterprise Value/EBITDA multiple for LTM Q3 2012 was 8.3x, a 14.0% increase from 7.3x in LTM Q3 2011, according to Thompson Financial.

To learn more, read this month's Middle Market M&A News.

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