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Axial Radar: Responding to Uncertainty with Data

Axial Radar

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Happy Friday and welcome to another edition of Axial Radar!

3 weeks.

3 weeks until we can finally say goodbye to 2020. At this point, we’ve all spent the better part of a year reading and speculating about the different possible ways in which the pandemic could impact M&A. What differentiates today from the last 9 months, however, is data.

M&A Advisor and Axial member, BMI Mergers and Acquisitions, recently published an article summarizing a survey of over 300 closed lower middle market transactions from Q3. Statistics on valuations, time from LOI to close, and changes in deal structure are all quantified by a not-insignificant data set. Head down to this week’s featured Industry Trends article to access the survey results and accompanying analysis.

Our featured buyside members this week include two private equity firms with over $1.5B of AUM and the #2 ranked SBA lender in the nation. On the sellside we’ll introduce you to a San Francisco based M&A advisory firm and an investment bank founded by a 20+ year industry veteran.

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.


Featured Members

HIG Capital

Drum Capital Management
Private Equity Firm

Drum Capital is a specialized private equity firm focused on providing diversified and unsyndicated exposure to the North American lower middle markets, through primary fund investments, co-investments and direct investments. The firm was founded by Scott Vollmer in 2004. Since then, Drum Capital has invested over $1.5B on behalf of its global investor base.
​​​​​View Profile

Kainos Capital

52 Capital Partners, LLC
M&A Advisory Firm

52 Capital Partners, LLC is a premier investment banking advisory firm that provides strategic and business advice in connection with private mergers and acquisitions and other strategic transactions. 52 Capital was founded by investment banking veteran, David Willard. Prior to his career in M&A, Mr. Willard held positions at the Council on Foreign Relations in New York, the Committee on Capital Markets Regulation in Cambridge and the Delegation of the European Union to China in Beijing.
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Five Points Capital
Private Equity Firm

Founded in 1997, Five Points Capital is a leading private equity firm, exclusively focused on supporting the capital needs of private, growth-oriented companies in the U.S. lower middle market. Five Points employs three distinct investment strategies – private equity, private credit, and small buyouts. The firm has raised over $1.7B of committed capital across 11 funds and has made over 170 investments to date.
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FTI Consulting

Numa Wayne Capital Advisors
Investment Bank

Numa Wayne Capital Advisors is an LA based Investment Bank, focused on mergers and acquisitions, corporate finance and related IB services for middle market businesses. The firm advises clients in a full range of liquidity transactions ranging from minority sales or majority recapitalizations with a financial sponsor, to a full sale to a financial or strategic acquirer. Numa Wayne was founded by Kahlil Reid, who has over 20 years of corporate transactional experience.
View Profile

FTI Consulting

Byline Bank
Senior Lender

Byline Bank is a full-service commercial bank with nearly $6.5 billion in assets, serving small businesses, mid-market companies, and consumers. Operating over 50 branch locations throughout the Chicago and Milwaukee metro areas, Byline’s been a community partner in its neighborhoods for over 100 years.
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Not an Axial Member yet?

This week from
Middle Market Review

The Top Thought Leaders in the Lower Middle Market
​​​​Read More

Business Valuation Misconceptions
​​Read More

An Outlook on the Furniture Industry
​​​​​​Read More

The Top 50 Lower Middle Market Consumer Investors & M&A Advisors
Read More


Industry Trends

M&A Advisors See Valuations Holding Steady

Business Sales – Q3 2020 Market Pulse Survey Summary


Source: BMI Mergers & Acquisitions

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