Human capital management sector update, The pandemic that has gripped the US since March 2020 affected every part of the technology sector human capital management (HCM probably more than most We don’t believe it’s overstating the case to say that the pandemic will long be regarded as a transformative event for human resources departments and the technology companies that serve them Overview of M&A activity That said the underlying…

Primary influencers on the sector, Equity returns and valuations across the test & measurement and industrial automation (TM&IA sector have continued to extend through 1H2021 As global economies are reopening and growth accelerates demand for TM&IA solutions have rebounded from the 3Q2020 trough A key area we are going to watch during 2Q earnings session is the impact of supply chain disruptions on converting growing…

How P3 financing helped make a new healthcare center a reality, For public sector officials tasked with financing infrastructure projects – and the private contractors who work with them – a public-private partnership (P3 model can offer distinct advantages Mesirow recently advised the University of Illinois in a transaction that may provide valuable insight into P3 financing First a bit of background A P3 is a unique contractual arrangement A government…

2021 Year-end update, For the aerospace and defense (A&D sector the second half of 2021 was all about rebounding from the depths of the pandemic and building on the recovery that began a year ago The demand for business jets and large commercial aircraft bounced back firms focused on maintenance repair and overhaul (MRO continued to recover and the defense budget created clear areas of emphasis While the emergence…

Post-pandemic rally, 2021 marked a record year for M&A volume in the US food beverage and agribusiness industry Increased appetites to drive growth and capital deployment through M&A and strong carryover from 2020 contributed to the record volume A total of 495 transactions involving US targets were announced surpassing strong pre-COVID (CY 2019 levels by 15% Dollar volume more than doubled from $197 billion…

Test & measurement and industrial automation sector update, Equity returns and valuations across the test & measurement and industrial automation (TM&IA sector extended through 2021 Demand for TM&IA solutions continue to accelerate as evidenced by revenue and earnings growth as well as increased backlogs to support further growth into 2022 Overall profitability for the sector improved compared to pre-pandemic levels CHART 1 EQUITY PERFORMANCE…

2021 Year-end review, The packaging sector experienced very strong transaction volumes in 2021 with Mesirow completing 18 transactions a new record following eight transactions last year Key M&A drivers were robust demand aided by pandemic tailwinds strong valuations and an abundance of capital among strategic and financial buyers Packaging companies will continue to experience elevated M&A activity in 2022…

IT Services sector update, Fueled in part by the COVID-19 pandemic companies have deployed substantial capital into technology solutions to drive operational efficiencies automate and protect data and optimize user and customer experience The IT services sector will continue to play a critical role across all industries and organizations due to rapidly changing business environments as well as continued development and…

Introduction An altered landscape, Like every other sector of the US economy the packaging industry suffered its share of setbacks during the COVID-19 pandemic On the whole however packaging benefited strongly from changing patterns of consumption that emerged as the nation learned to cope with lockdowns and other restrictions that came with fighting the spread of the disease Chart 1 indicates that these trends have been…

FX markets became more focused on inflation and rising treasury yields in 2021 as the effects from the COVID-19 pandemic continued to linger US dollar strength was buoyed by evolving expectations of the Fed’s response to these factors as inflation was on the rise After cryptocurrencies’ breakout year in 2020 bitcoin and ether extended their runs in 2021 through increased institutional adoption…