Industry Reports

Q3 2018
This year, companies are fighting for top talent in the US as the number of job openings eclipsed the number of job seekers for the first time on record.  The tight labor market has emboldened workers to quite their job, with or without another opportunity lined up, with little fear of long-term unemployment.  According to the Bureau of Labor Statistics (BLS), the number of workers leaving their jobs reached 3.6 million in July, surpassing prerecession levels.
Q3 2018
Increased capabilities in data tracking, collecting and use are advancing analytic opportunities within the cockpit and have created a need for greater computing power in order to enhance aircraft control, safety, and functionality. In anticipation of resulting demand to upgrade cockpit equipment and instrumentation, leaders in the Avionics market are both acquiring new technologies and spurring organic growth by launching new in-house solutions. 
Q3 2018
Year-to-date the volume of M&A activity has declined versus the same period last year. However, this does not reflect the health of the broader Cybersecurity market as industry revenues, venture capital funding, and public company valuations continue to increase. The marquee transaction of the 2018 third quarter was the acquisition of Duo Security by Cisco for $2.3 billion at an eye-popping valuation of 25.0x revenue.
Q3 2018
We are pleased to present our Q3 2018 Medical Device Outsourcing Industry Markets, Mergers & Acquisitions Update.  By 2023, the Drug-Device Combination market value will reach $29.8 billion, increasing at a 13.8% compound annual growth rate from 2018 to 2023, a much faster growth than that of the overall Medical Device industry.  Drug-device combination products include any combination of a drug or biologic with a medical device.  Examples of drug-device combination products include prefilled drug delivery systems, drug-eluding stents, wearable injectors, and insulin deli
Q3 2018
Historically low unemployment, high per capita disposable income, and increasing levels of labor force participation among women are helping drive demand in daycare centers across the US. The long-term shift to service-based economies and the increasing emphasis on education by government and families are expected to support global demand for child care and early education as well as the developing markets for back-up dependent care and educational advisory services.
Q3 2018
We are pleased to present our 2018 second quarter Cybersecurity Capital Markets, Mergers & Acquisitions Update.In comparison to the first quarter of 2018, there were fewer merger and acquisition (M&A) transactions, but at a higher total transaction value.Capstone Headwaters has observed a parallel trend for M&A activity acrosstheentire middle market as Q2 deal activity dropped by 12.5% relative to Q1, whilethe average disclosed deal value surged by 14.5% during the same period.Within the Cyber security industry,deal activity has been driven by economic growth, demand for cyber s
Q3 2018
Within the Interconnect Components industry, merger and acquisition (M&A) activity has remained healthy through year-to-date (YTD) 2018. With 40 transaction announced or closed, M&A volume has approached that of YTD 2017 and is expected to challenge total volume experienced in 2016 and 2017 by year-end. Though M&A activity remains robust in terms of volume, Capstone Headwaters has identified bifurcation in the market.
Q3 2018
Growth in the Juvenile Products industry has been driven by robust macroeconomic fundamentals, as historically high levels of consumer confidence and a 2.3% year-over-year increase in real disposable income per capita have generated increased consumer demand.  Low cost toy sales ($5.00-$19.99) have driven sales growth of 7.0% in the US Toy industry to reach $7.9 billion in the first half of 2018, according to The NPD Group.  The Toy & Game industry is expected to reach a global market value of $132.2 billion by 2022, a compounded annual growth rate of 6.2%, according
Q3 2018
Merger and acquisition (M&A) activity in the Security Solutions industry has been robust through year-to-date (YTD) 2018 with 93 acquisitions announced or completed. While the first half of the year was defined by Ares Private Equity Group’s acquisition of Convergint (February) as well as Motorola’s acquisition of Avigilon (March,), the second half has mainly been driven by middle market deals.
Q3 2018
Following multiple years of rapid consolidation in the Packaging industry, merger and acquisition (M&A) activity remains unabated through year-to-date (YTD) 2018 with 74 announced or closed transactions. Activity levels have outpaced that of last year during the same period (72 deals in YTD 2017), while strategic buyer share has increased to 68.1% compared to 60.7% for all of 2017. Public company EBITDA multiples remain high with an average of 10.1x after experiencing significant gains in 2017, which have allowed for aggressive inorganic growth initiatives.

Pages