Tag Archives | middle market

Imbalance

The Most Expensive Word in Banking? “Relationship”

Commercial bankers, especially those in the core and lower middle market, face so many obstacles to growth and profitability – from a looming regulatory environment to nimble, creative non-bank competitors – that it’s a wonder some don’t throw their hands up in despair and go fishing. But there is hope for those willing to address […]

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Is LBO Lending Specialized?

“Ignorance more frequently begets confidence than does knowledge”. – Charles Darwin I am often asked whether middle market LBO lending is specialized. To a great extent, the answer is “yes”. Certainly, there are essential elements of transaction analysis, underwriting, and account management in middle-market leveraged deals that require a more sophisticated approach than is typically […]

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The Gaffin Group published in ACG’s “Middle Market Growth”

The Gaffin Group is pleased to report that an article authored by Mark Gaffin has appeared in the Association for Corporate Growth’s September 2013 issue of Middle Market Growth. The article, titled “Do PE Firms Starve Companies of Innovation? Myth or Reality,” sheds light on misconceptions around the rate and effectiveness of innovation generated by […]

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The CIM…sales document or due diligence?

In larger middle market transactions we typically see senior and junior debt facilities with multiple lenders. Given tight timeframes in most LBO transactions, a delicate balance is struck between how much reliance can be placed on the confidential information memorandum (the “CIM”, also known as a bank book, etc.) and how much will be invested […]

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Axial’s “17 Must-Read M&A Quotes from 1H 2013” – Gaffin Group cited

The Gaffin Group is honored to have Mark Gaffin cited as one of the must read quotes on M&A for the first half of 2013. Mr. Gaffin noted: “We are pleased that our research findings are be included in such a compelling list. As we noted in a prior post, we were interviewed for our […]

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The Gaffin Group joins ACG on Capitol Hill education efforts

The Gaffin Group participated in a day of visits to Capitol Hill policy makers’ offices to advance discussion and education on issues facing the middle market and private capital formation. The Association for Corporate Growth has developed both a robust public policy agenda but also has made available an extensive data set illustrating the impact of […]

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The Gaffin Group meets with Congressional Members

Mark Gaffin attended a reception at the New York offices of Venable LLP with a small group of industry professionals and Congressman Jim Himes (D-CT) and Congressman David Schweikert (R-AZ). While the specific topics of the meeting were not disclosed, we understand the meeting to be informative and productive. As Mark Gaffin reported, “It was […]

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