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Axial Radar: 100 Year Old M&A Trend on the Decline

Axial Radar

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Happy Friday and welcome to another edition of Axial Radar!

Private Equity’s relationship with the manufacturing industry dates all the way back to 1901, when J.P. Morgan (the person) acquired Carnegie Steel Co. for $480M. For the next 100 years, manufacturing would become the industry of choice for PE buyers around the world.

That century old trend, however, seems to be slowing down. For private equity that is… The total volume and value of manufacturing buyouts have been consistently on the decline since 2018. Venture Capital, on the other hand, has more than 10x’d their exposure in the space over the last 10 years. What’s causing VC to swim upstream into the historically PE dominated industry?

Head down to this week’s featured Industry Trends article to read more about how the technological advancements in manufacturing are changing the landscape both operationally and economically for manufacturing businesses and the capital providers they choose to partner with.

Our featured buy-side members this week include the asset management division of a 225 year old bank, a private investment firm focused on the energy and natural resources industries, and a corporation in the fluid sealing products market. On the sell-side we’ll introduce you to the investment banking subsidiary of a top 6 rated commercial bank, and a leading Ohio-based investment bank.

Click here to follow Axial on LinkedIn and stay up to date on the latest trends in the world of Lower Middle Market deal making.


Axial

Featured Members

Lombard Odier Investment Manager

Lombard Odier Investment Managers
Senior Lender

Lombard Odier Investment Managers (LOIM) is the asset management division of Lombard Odier Group, the 225 year-old, independently owned, Swiss private bank with offices across 18 countries. LOIM currently manages over USD 70 billion in equity, fixed income, and alternative assets for institutions and private clients across the globe. View Profile


BancWest

BNP / Bank of the West
Investment Bank

Bank of the West is a financially strong, well-capitalized and prudently managed FDIC-insured bank that customers have entrusted with their money for over 135 years. Through holding company BancWest Corporation, the bank is a subsidiary of BNP Paribas, one of the six highest rated banks in the world. View Profile


NexGen Ventures

NexGen Ventures
Family Office

NexGen Resources Corporation was formed in 1993 as a privately-held company dedicated to development and procurement of natural resources. Since its inception, NexGen and its affiliated entities have grown into a closely-held investment group managing a diverse portfolio of investments in companies at multiple stages of growth and across multiple industries, with an emphasis on the energy and natural resources industries. View Profile


Silverstone Capital Advisors

Silverstone Advisors LLC
Investment Bank

Silverstone is an investment banking firm serving senior management, boards of directors and company shareholders and financial institutions. The firm’s clients are both privately held and public companies and include high growth venture-backed businesses, middle market corporations and small cap public companies. View Profile


Gallagher Fluid Seals

Gallagher Fluid Seals, Inc.
Corporation

Gallagher Fluid Seals, Inc. is a global distributor and manufacturer of Fluid Sealing products. Gallagher represents the strongest seal manufacturers in the world, in addition to operating its own gasket fabrication facility. Gallagher serves both OEM & MRO customers through the development of technical solutions that solve sealing challenges. View Profile

Not an Axial Member yet?

This week from
Middle Market Review

The Faces of the Lower Middle Market
​​​​​Read More

3 Ways PE Can Compete in a Changing Landscape​​​​​​
​​Read More

Using Data to Combat Operational Uncertainty
Read More

Dealing with Buyer Loss Aversion
Read More

Industry Trends

Innovation Is Driving a Resurgence in Manufacturing

Source: Preqin

Get in Touch

Reach out to dani.forman@axial.net to learn more

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