A TLA to DIE for

Marlin & Associates (what a great name for an “M&A” firm), a NY based investment banking boutique, notes in a recent white paper that they are seeing a gradual strengthening in demand from both strategic and financial buyers.

Note that Marlin is entirely focused on the “digital information economy,” although I am compelled to note that DIE is not exactly the three-letter acronym (“TLA”) of my dreams.

The uptick in demand is also showing up in stronger pricing and competitive bidding for strong and growing middle-market tech companies, with 3rd quarter valuations averaging about 17% higher (as a multiple of EBITDA) than 1st quarter valuations.

They also note, quite correctly, that deal volume is a lagging indicator of the economy as a whole, but the 3rd quarter was the busiest in over a year.

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