News & Insights

M&A Capital Market Update Q3 2019

by | Jan 2, 2020 | Industry & Market Data Reports

In 3Q19, overall Middle Market M&A activity increased, but total deal value declined.

3Q19 Middle Market M&A multiples remained elevated in the U.S. at 7.4x EV/EBITDA, as low borrowing costs allowed for larger deals to be completed.

Private equity funds continued to close as a result of a rise in mega-funds. Fundraising grew to $191B through 3Q19, increasing the likelihood of 2019 fundraising to surpass 2018’s total.

While overall cash balances of S&P 500 companies remained lower than YoY 2018, they were still near record levels, providing for continued strategic acquisitions.

Download M&A Capital Market update here: M&A Capital Market Update Q3 2019