antique measuring instrument of surveying and alignment

Break from the Front Lines – Middle Market view

I am back! First, I wanted to thank those of you that have stuck with me during my brief absence from this blog (though I welcome you to follow me on Twitter @GaffinMark). As many of you know, I am actively involved in the deal market – and have been blessed with an exciting, deep […]

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Private Equity Capital Overhang from a Middle Market Perspective (part II)

  Statistics: The only science that enables different experts using the same figures to draw different conclusions.” – Evan Esar, American Humorist (1899-1995)   As I have suggested before, the Private Equity market place is not monolithic and most attempts to describe the market in generalities, be it performance or otherwise, fall flat – especially […]

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Private Equity Capital Overhang from a Middle Market Perspective

  “For my purpose holds To sail beyond the sunset, and the baths Of all the western stars, until I die. It may be that the gulfs will wash us down: It may be we shall touch the Happy Isles, And see the great Achilles, whom we knew” -Tennyson “Ulysses” (1842) From a high level, […]

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High barriers…to understanding

In what has to be the second most often used throw-away line behind “[insert name] is a leading [insert industry sector] company“, is the too-frequent, inadequately supported, drive-by industry analysis summed up by “high barriers to entry.” This becomes a nails-on-chalkboard experience when so often misused by non- or under-initiated underwriters, lenders, and pundits. Let’s take a step […]

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