Happy Friday, all. While the lower middle market was fairly quiet, there was a bit of legal activity this week: Michael S. Steinberg was convicted of insider trading, the Volcker Rule received a slight modification for smaller banks, and Kenneth B. Mehlman took the helm of PEGCC. As a result, 2014 could be an interesting year for deal professionals – especially since PE spending power has topped $1 trillion (again) and there may be secret IPOs in the pipe.
In other news, investment banking revenues near 2007 levels, there may be buyout bubble, and Riverside Company acquired Mercareon.
- Another sign of a buyout bubble Not so fast on Volcker Rule, regulators tell smaller banks Private equity spending power reaches $1.074 trillion The difference between good and bad debt The seven imperatives to keeping meetings on track America’s largest private companies 2013 KKR Partner to lead PEGCC, PE lobbying group Investment banking like it’s 2007 2014 will be the year of the secret IPO
- Riverside Company acquires Mercareon Intrexon to acquire Medistem Spire Capital invests in Surgent Tax & Accounting Education Genstar Capital announces acquisition of Tecomet Rock Hill Capital Group invests in Duracoatings Sorrento Therapeutics completes acquisition of Concortis Biosystems Zebra Technologies acquires Hart Systems Andrews Logistics acquires Andrews Transport
Intrix Technology, Inc., a leading technology enabled registered Independent Sales Organization, delivers innovative payment-processing solutions for developers, enterprises, retailers, processors and sales organizations. For more than a decade the company has delivered PC-based solutions for processing payments and storing sensitive payment data.
Intrix recently acquired Merchant Processing USA – it’s fifth acquisition of the year – and is looking to purchase other companies in the payment space, with a target transaction size of $1 – $15 million. First data processing is preferred, but other processors would be considered.
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