Showing Results 11 - 20 of 1341
2020 Mid-Year Outlook: Aerospace & Defense
2020 Fall update, In the final weeks of 2019 the Aerospace & Defense (“A&D” team within Mesirow Investment Banking was busy wrapping up our last M&A transaction advisory assignment of the year A strong economy supported by low interest rates created an environment conducive to deal making however there were some early warning signs of a potential economic slowdown as we headed into 2020 New aircraft…
2020 Mid-Year Outlook: Paper, Plastics & Packaging
Quarter-end review, After a sharp decline in share prices and a collapse in M&A activity in late 1Q2020 / early 2Q2020 the Packaging sector has experienced a recovery with share prices for plastic packaging slightly above those at the beginning of the year As the Packaging sector overall has performed well during the pandemic valuations have also recovered and are currently above their past three-year average M…
2020 Mid-year Review: Food, Beverage and Agribusiness
2020 Mid-year review, Key market drivers 2019 was another strong year in terms of M&A activity within the food beverage and agribusiness industry and momentum through most of Q1 2020 continued at a robust pace followed by an unprecedented slowdown due to COVID-19 and the resulting global economic crisis Many dealmakers passed up larger transformational transactions in lieu of smaller opportunistic acquisitions…
2020 Mid-year Review: Test & measurement and industrial automation
Key market drivers, The Test & Measurement and Industrial Automation (T&M / IA sector ended 2019 with strong financial results Approximately 50% of the peer group achieved record revenue results However as a result of COVID-19 economic activity and demand within the sector significantly decelerated in the first few months of 2020 and into Q2 Market response appears consistent with the spread of the virus…
2020 Sustainability Report
Sustainable investment philosophy and integration, Over the last decade demand for sustainable investing has risen as clients and practitioners evaluate the impact of energy conservation carbon usage boardroom diversity workplace safety and human rights on a company’s valuation Assets domiciled in some form of sustainable responsible or impact investing strategy have nearly quadrupled from roughly $3T in 2010 to $12T in 2018 1 At Mesirow Equity…
2020 Year-End Review: Food, Beverage & Agribusiness
2020 Year-end review, Key market drivers 2020 started as a turbulent year for the capital markets coming off what was an active 2019 for M&A and capital formation transactions 1H2020 was characterized by a significant slowdown on the heels of the global COVID-19 pandemic with product shortages due to pantry loading shuttered restaurants following government-mandated lockdowns volatile agricultural commodity…
2020 Year-End Review: Paper, Plastics & Packaging
2020 Year-end review, After a sharp decline in share prices and a collapse in M&A activity in late 1Q2020 / early 2Q2020 the packaging sector has experienced a strong recovery with share prices for plastic packaging companies ~15% above those at the beginning of the year while share prices for paper packaging companies ended up about flat As the packaging sector overall has performed well during the pandemic…
2020 Year-End Review: Test & Measurement and Industrial Automation
2020 Fall update, Primary influencers on the sector Subsequent to the initial impact of COVID-19 shutdowns test & measurement and industrial automation (TM&IA equity performance has continued to rebound through 3Q2020 and into 4Q2020 with each of the sector indices trading at or above pre-COVID-19 levels Earnings visibility and expectations have improved across the sector Analysts’ EBITDA estimates for…
2021 Mid-Year Outlook: Aerospace & Defense
2021 Update, At of the start of 2021 watchers of the Aerospace & Defense (A&D industry were focused on the pace of the vaccine rollout and on how fast commercial and business travel would come back after a year of COVID-induced shutdown While the world’s emergence from the pandemic remains ongoing the latest data indicates that a recovery is strongly underway How far it will come back and how quickly…
2021 Mid-Year Outlook: Food, Beverage & Agribusiness
Move towards normalcy, The first half of 2021 was characterized by continued resilience within the food beverage and agribusiness (FB&A industry following a period of uncertainty through much of 2020 With more visibility on health and safety policies changing consumer purchasing preferences and areas of sustainable growth buyers and sellers have been adept at implementing strategic decisions to support their long-…