Boston, MA – Capstone Headwaters released its February 2021 Value-Added Distribution Update today, reporting that merger & acquisition (M&A) activity rebounded in the second half of 2020, rising 207% quarter-over-quarter (QoQ) in Q3 and 15% QoQ in Q4. 

Boston, MA – Capstone Headwaters released its Financial Technology & Payments Industry Update today, reporting that COVID-19 lockdowns have created heightened demand for the implementation of financial technology and digital payment solutions.  The pandemic has also prompted an increase in e-commerce activity, and the widespread adaptation of contactless and digital payment methods via digital wallets such as Venmo. 

Boston, MA - Capstone Headwaters (“Capstone”), a leading middle market investment banking firm, announced it has completed the acquisition of Amherst Consulting LLC (“Amherst”) as part of a continued plan to grow the company’s Financial Advisory Services (“FAS”) group.

Boston, MA, January 11, 2021 - Capstone Headwaters, a leading middle market investment banking firm, is honored to announce the receipt of several transaction and leadership awards from M&A Advisor, the premier global network of M&A, Turnaround and Finance professionals. 

Boston, MA – Capstone Headwaters released its Apparel, Footwear, & Accessories Update today, reporting that companies have been forced to rapidly adapt their business models amid the COVID-19 pandemic, as state-mandated lockdowns restricted in-store sales and consumer spending retracted due to job losses and economic uncertainty. 

Boston, MA - Capstone Headwaters, a leading middle market investment banking firm, is pleased to announce the first phase of expansion for its Financial Advisory Services (“FAS”) Group, the corporate financial advisory services division of the firm. In the Denver Office, the FAS Group added a new team led by Managing Director John Koskiewicz. John and the team will be integral in building out the group’s mid-west operations.

Boston, MA – Capstone Headwaters released its E-Commerce & Internet Retailing industry update today.  E-commerce demand has reached unprecedented levels amid COVID-19, with online sales rising 44.5% in Q2 year-over-year, accounting for over 16% of total retail sales, according to the U.S. Census Bureau.  As consumer preferences for digital capabilities have accelerated, online marketplaces have captured heightened sales growth. 

Boston, MA - Middle market (MM) loan volume recovered modestly in Q3, but nonetheless represented a fraction of historical levels. The rapid roll-out and adoption of government stimulus packages, including the Paycheck Protection Program, somewhat mitigated the initial impact of COVID-19 on loan portfolios.  Still, LCD’s survey of portfolio managers yielded an average anticipated default rate of ~5.3% for 2020 and over 6.0% for the period ending June 30, 2021, a level nearly 400 bps wider than the same survey results at the end of 2019. 

Boston, MA – Capstone Headwaters released its October Packaging update today, reporting merger & acquisition (M&A) activity has outpaced 2019 volumes by approximately 8% through September, primarily due to a 75% increase in Q1 year-over-year (YOY) activity. As the coronavirus induced uncertainty in capital markets, deal activity dropped sharply in Q2 and then began to pick up again in Q3.