Will Middle-Market Private Equity Activity Continue to Decline?
PitchBook’s latest report reveals a continuing slowdown in private equity (“PE”) activity among the country’s middle market. According to the 2Q 2016 U.S. PE Middle Market Report, the total deal value of private equity middle-market investments during the first half of 2016 ($180 billion) dropped 8.5 percent, compared to the second half of 2015. Compared to the same period last year, the total volume declined 14 percent. Overall middle-market private equity activity, however, is declining at a slower rate than the broader private equity marketplace. The report also highlighted the lower middle market’s significant activity decline in second quarter 2016.. Read More.
Nominations Being Accepted for 2014 FAST 40 List
Cherry Bekaert and Business North Carolina magazine are currently accepting nominations for the 2014 North Carolina Mid-Market FAST 40 (“FAST 40”) list. Celebrating North Carolina’s middle-market businesses, the annual list honors top 40 contributors to revenue and employment growth throughout the state. Selected honorees will be honored at an awards luncheon later this year and featured in the Business North Carolina magazine’s December issue. To be eligible, nominated middle-market companies must: Be headquartered in the state of North Carolina; Either be privately owned or publicly traded; Be a commercial enterprise (not a nonprofit); Have annual revenue ranging from $15 million. Read More.