Industry Reports

Published on: 10/04/2013
The explosion and rapid sophistication of the mobile and wireless market has changed the way people live and work across the globe. As the industry continues to grow, M&A activity has helped organizations consolidate expertise, work new solutions into established portfolios, and explore significant market growth opportunities. Businesses operating in this space are well positioned as potential competitive differentiators for companies both inside and outside the mobile and wireless industry.  
Published on: 09/13/2013
Demand for infrastructure investments in the U.S. is on the rise, generating a continuing upward climb in M&A activity as the number of deals catches up with investor demand. Acquisitions of infrastructure related businesses – which comprise many sectors such as water, energy, transportation, industrial and telecommunications – are particularly appealing because of the industry’s expected future growth.
Published on: 08/28/2013
The “Pharmaceutical Outsourcing” sector is large and highly fragmented and not only includes CROs and CMOs, but a diverse array of niche companies providing services to pharma and biotech companies.
Published on: 08/28/2013
M&A activity in the packaging industry has remained vibrant in 2013, with 70 transactions reported through mid‐August. Extrapolated through the end of the year, this activity is about even with the 115 transactions closed in the industry in 2012. The high level of M&A activity is due to strong fundamentals in the overall M&A market as well as intrest in strategic buyers and private equity firms in the packaging sector.
Published on: 08/28/2013
The M&A market remains strong, with strategic corporate acquirers continuing to seek growth through acquisitions as they bolster healthy balance sheets, collectively estimated at $1.8 trillion. Furthermore, private equity fundraising activity in 2Q, at $48 billion, was at its highest level since 1Q 2009, bringing the total to $73 billion for the first half of 2013. This places the private equity overhang (funds raised vs. funds deployed) at $328 billion. Low interest rates and available capital have also made for a favorable financing environment. 
Published on: 08/23/2013
The biometrics industry is highly fragmented and offers attractive growth prospects, driving aggressive M&A activity in the space from both corporate buyers and private equity groups. As an analyst from TechNavio’s Hardware team stated, “An increase in mergers and acquisitions is expected to continue in the coming years. Both existing vendors and new entrants prefer the acquisitive route to either enter the market or broaden their portfolio of offerings.” 
Published on: 08/22/2013
Merger and acquisition activity in the pet and animal care industry remained strong in the first half of 2013, with 21 announced transactions involving U.S. targets. If deal activity continues in the last six months of 2013, the number of announced transactions will exceed announcements in 2012 and 2011 of 40 and 37, respectively. This high level of activity reflects overall strong M&A fundamentals and continued buyer interest in the pet and animal care sector. As a result of these drivers, Capstone expects a strong market for M&A in the sector for the remainder of 2013.
Published on: 08/12/2013
With the nation’s attention focused on reducing government spending and sequestration, one would expect mergers & acquisitions in the government contracting space to come to a standstill. But such is not the case, with the number of acquisitions announced thus far in 2013 totaling more than 320.
Published on: 07/29/2013
Merger and acquisition activity in the Environmental, Health & Safety industry continued strong in the first half of 2013, with the number of completed transactions totaling 38 through June. Transactions continue to be fueled by low interest rates and an improving economic environment, with financial sponsors and strategic acquirers alike purchasing companies in the space at consistently strong valuations.
Published on: 07/11/2013
The climate for mergers and acquisitions in the preK‐12 education market remains healthy, as several forces converge to boost activity in the space. On the one hand, the size of the market and the important role that private companies play in the education formula make for an attractive investment thesis for buyers. In fact, a fundamental change has occurred in the preK‐12 sector, as the need to improve education quality has overtaken demographics as the key growth driver.

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