News Releases
CHICAGO, IL--(Marketwired - Oct 28, 2013) - It was a better quarter for mid-market private equity in the U.S., says a just-released report issued by BMO Harris Bank. Deal activity picked up, particularly in healthcare and software sectors, buoyed by debt markets that are clearly open for business.
"It was a good quarter, punctuated by a fairly vibrant August and September, which are not traditionally the most active months of the year," said Dennis Robleski, Group Head for BMO Harris Bank's Sponsor Finance Group. Mr. Robleski, who authored the report, tempered his comments by adding "while market activity is up, it's important to keep in mind that this is an improvement from what has been a relatively low level of activity over the first seven months of 2013."
The data reflect the state of the market for mid-sized companies, typically those with less than $50 million in EBITDA, and they are drawn from the group's internal transaction review process. The report covers various points of interest for private equity sponsors, companies and other intermediaries, including use of loan proceeds, loan pricing, available leverage, and financing structures of recent middle market transactions.
The full report is free and available at the BMO Harris Bank Resource Center by simply clicking: https://resourcecenter.bmoharris.com/sites/default/files/BMOHB_Tran sactionTrends_1013.pdf
About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank or credit approval. BMO Harris Bank® is a trade name used by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with approximately 1,600 branches, and $549 billion in assets (as of July 31, 2013).
Media Contact:
Patrick O'Herlihy
Chicago
Patrick.O'Herlihy@bmo.com
(312) 461-6970