The M or the A in Your Future
More useful to follow are trends in M&A transactions based on multiples of EBITDA (earnings before interest, tax, depreciation and amortization), the calculation that determines selling price in deals of this type. Compared with a year ago, buyers are more willing to structure transactions around EBITDA multiples as they witness improvement in the general economy and in the performance of individual companies. Multiples for publicly traded printing businesses have gone up, while those of privately owned firms have held steady—a sign that stability and confidence are again parts of the conversation about opportunities in print and packaging M&As.
- Companies:
- New Direction Partners
Peter Schaefer, partner at New Direction Partners, is an experienced dealmaker with more than 25 years of investment banking and valuation experience, 20 of which has been focused exclusively on the printing and packaging industries. He has closed more than one hundred transactions in virtually every segment of the printing and packaging industries. In addition, he has performed hundreds of valuations for ESOPs, estate and gift tax planning and strategic planning purposes. Contact him at (610) 230-0635, ext. 701.
