Scott Humphrey

😃 Want to learn more about have to navigate #privateequity landscapes as an #executive? Click to read this article by Gerald O'Dwyer, 'The PE Guru,' now! https://buff.ly/4b4e1Fj   💡To Learn More about BlackmorePartners at: https://buff.ly/42iNmB3

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The recovering deals market could get a lift from private equity-backed companies as early as the beginning of 2025. We outline what you need to know – plus what to look for in IPO candidates and portcos – in our capital considerations piece. https://lnkd.in/g-gw3hH5

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We're proud to celebrate Sector Lead, Matt Witheiler's fourth consecutive naming to Forbes’ ‘The Midas List: The World’s Best Venture Capital Investors in 2024'. Kudos Matthew Witheiler - this is testament to your enduring impact on the late-stage VC industry. https://lnkd.in/eBdHwBG4 Wellington Management did not pay a fee to be considered. Winners were selected by a data-driven approach, the Midas List is produced from a combination of public data sources and the submissions of hundreds of investment partners across hundreds of firms each year. This award was announced on June 4, 2024, a submission made in January 2024 and is based on 5 years of trailing data. The award may not be representative of any one client’s experience. The award is not indicative of Wellington Management’s future performance. Past performance is no guarantee of future results.

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The latest edition of The Valuation Practitioner newsletter is an interesting read. Werner Rehm and Matheus de Oliveira Ramos provide a more nuanced approach to TSR analysis, disaggregating it into its three underlying drivers: growth, profitability, and investors' expectations. #Valuation #CorporateFinance

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The latest edition of The Valuation Practitioner newsletter is an interesting read. Werner Rehm and Matheus de Oliveira Ramos provide a more nuanced approach to TSR analysis, disaggregating it into its three underlying drivers: growth, profitability, and investors' expectations. #Valuation #CorporateFinance

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🔍 Curious about the value of attending private equity conferences? Our new article breaks down 25 compelling reasons why executives should invest in their professional growth by attending these events. From networking with key industry players to acquiring strategic insights, the ROI is substantial. Read more here: https://buff.ly/3LZnxOV 💼 Learn more about Blackmore Partners: https://buff.ly/42iNmB3 📅 Have questions? Schedule a meeting with our Director Chris Melton here: https://buff.ly/46DZD46 #PrivateEquity #CareerGrowth #ExecutiveRoles #BlackmorePartners #PECareers

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🔍 Curious about the value of attending private equity conferences? Our new article breaks down 25 compelling reasons why executives should invest in their professional growth by attending these events. From networking with key industry players to acquiring strategic insights, the ROI is substantial. Read more here: https://buff.ly/3LZnxOV 💼 Learn more about Blackmore Partners: https://buff.ly/42iNmB3 📅 Have questions? Schedule a meeting with our Director Chris Melton here: https://buff.ly/46DZD46 #PrivateEquity #CareerGrowth #ExecutiveRoles #BlackmorePartners #PECareers

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An Entrepreneurial Board of Directors A Value Maximization Model For Public Companies #corporategovernance #governance #boardsofdirectors #shareholdervalue #performance #capitalism #institutionalinvestors

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A Journey of Growth and Adaptation: Nick's Story Join us as we catch up with Nick, reflecting on his journey over the past two years. Discover how he navigated challenges during the pandemic, focusing on tightening foundations and scaling up his projects. Learn about his latest endeavor, a commercial project in Illinois. Share your thoughts and experiences below! #NickStory #PersonalGrowth #PandemicReflections #EntrepreneurshipJourney #BusinessDevelopment #CommunityDiscussion #ProjectManagement #RealEstateDevelopment #ScalingUp #Adaptation

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New research by Cambridge Associates and BCG shows that private equity and venture capital firms whose ownership is predominantly women or people of color may unlock access to differentiated deal flow for their limited partners and other investors. Read the full article here: https://ow.ly/TlZC50RQxvt

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M&A will grow in 2025! Another factor: "Currently there are about 450 technology companies worth $1 billion or more owned by private equity, and half of those companies have been in their portfolios for five or more years...getting toward the end of the typical three to seven year investment hold period after which PE typically looks for an exit, CFO Dive previously reported." #Mergers #Acquisitions #ExternalGrowth #CUSOs #CreditUnions #PrivateEquity Capstone Strategic

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🚀 Pleased to share the latest issue of Growthink Capital's M&A Observatory! Here are key highlights: 🤝 Deal Activity: March 2024 saw 784 closed M&A transactions in the U.S., indicating continued momentum. 🏢 Top Industries: Commercial Services, Enterprise Software, Media & Information Services, Consumer Services, and Distributors. 💰 Revenue and Earnings Multiples: Median multiples of Revenue stood at 3.3x, while EBITDA boasted a median of 12.8x, indicating healthy valuations. 💼 Biggest Deals: Notable acquisitions included a $28 billion deal, showcasing strategic moves in connectivity solutions. 📈 From companies founded in the 1800s to those emerging in 2023 and 2024, M&A activity spans across generations and industries, displaying the dynamism of the market 🎯 To explore the sale of your company, liquidity for shareholders, or growth-by-acquisition opportunities please get in touch directly with me, Eddie Clay or Jeff Jones

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Is Now the Best Time to Raise a Private Equity Fund? According to industry leaders, it just might be. "I’m much more optimistic at this point in the cycle in 2024 than I was in 2023 and 2022," says Andy Lund, global co-head of Houlihan Lokey's Private Funds Group. Despite expectations of a slowdown, the first half of 2024 has been unexpectedly successful for PE managers raising capital. U.S.-based funds closed on $155 billion by the end of June, slightly ahead of the first half of 2023 (PitchBook Q2 2024 US PE Breakdown). Alex Russ, head of North America for Evercore's Private Funds Group, sees this as an ideal moment for GPs with open funds. "We saw fewer new fundraise launches in 2024 than in 2022 and 2023, leading to a slight easing, which we expect to continue into the second half of this year," he notes. However, challenges remain. LP capital is still largely locked until M&A and exit activities resume. Evercore anticipates flat PE fundraising figures for 2024 compared to 2023. Moreover, other asset classes are vying for already limited institutional capital, with private credit showing particularly strong growth. In this context, Maria Konnikova’s "The Biggest Bluff" offers an insightful analogy. Inspired by "Theory of Games and Economic Behavior" by John von Neumann and Oskar Morgenstern, the book explores von Neumann's belief that poker epitomizes the delicate balance between skill and chance that governs life. Doing well at poker isn’t just about playing well; it’s about playing well relative to everyone else. And even with the best strategies, luck plays a critical role. As Nobel-winning economist Daniel Kahneman notes, "The successful funds in any given year are mostly lucky; they have a good roll of the dice. There is general agreement among researchers that nearly all stock pickers, whether they know it or not—and few of them do—are playing a game of chance." The last two years were like drawing a bad hand in poker for those raising funds. The book also emphasizes the importance of thinking like a Strategist—something I’ve honed throughout my career. Each move requires reassessment based on new information. You need a plan that evolves with feedback and supports long-term, good decision-making. If you’ve lost your chips, was it due to an unlucky situation—or because your strategy was flawed? A recurring mantra of Poker Hall of Famer Erik Seidel is "less certainty, more inquiry." If that becomes your guiding principle, not only will you actively listen, but you will also adapt and grow. For GPs, strengthening relationships with existing LPs is more crucial than ever. Now is the time to leverage your learnings and craft compelling narratives that showcase your commitment to value creation and strategic growth. By highlighting your firm's ability to navigate complex market dynamics, you can strengthen LP alignment and foster the partnerships needed for long-term success.

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🔍 Want to land a role in private equity or create your own deal? Our playbook for executives offers a comprehensive roadmap to enter the PE field, emphasizing networking, strategic positioning, and leveraging resources effectively. Read more here: https://buff.ly/4flClVy 💼 Learn more about Blackmore Partners: https://buff.ly/42iNmB3 📅 Have questions? Schedule a meeting with our Director Chris Melton here: https://buff.ly/4cpKqHv #PrivateEquity #CareerGrowth #ExecutiveRoles #BlackmorePartners #PECareers

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Can sub-negotiations make or break your M&A deal? Beyond the headline price, discussions on employment agreements, escrows, and non-competes critically shape long-term success. At SEA, we've seen how these often-overlooked details can drive real value in lower middle market deals. Don't leave money on the table – master the art of sub-negotiations. Learn more: https://lnkd.in/eYqtTGXV #StrategicExitAdvisors #mergers #acquisitions #Scalability #InvestmentBanking

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Secondaries and GP stakes are harmonious areas of investment: both capitalize on the growth in private markets… firms are increasingly recognizing the benefits that a partnership can bring in terms of providing capital and expertise.     Thanks to PEI for the feature and Ward Young for the partnership on the demand we’re seeing across the GP stakes landscape!  

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One of the most exciting questions from this interview was "what key attributes do private equity firms seek in targeting healthcare, biotech, and life science companies for acquisition?". Private equity firms are increasingly attracted to the healthcare, biotech and life sciences industries due to their resilience against economic cycles. Attributes that PE firms prioritize include: Stability and Growth Potential: Companies that demonstrate consistent revenue growth and have a solid track record of performance are highly attractive. The ability to withstand economic downturns and maintain steady growth is a crucial factor. Service and Software Focus: Companies that provide essential services and software solutions within the healthcare ecosystem are less vulnerable to regulatory changes and scrutiny, making them reliable investment targets. Regulatory Compliance and Low Risk: PE firms typically avoid companies with high science risk. Instead, they favor businesses with well-established products, services and technology. Specialization and Expertise: Many PE firms seek companies with specialized knowledge and capabilities that align with their strategic focus areas, ensuring they can add value and drive growth post-acquisition. Thank you to the Los Angeles Times for inviting me to participate in this issue! I am honored to be able to contribute to this piece. If you'd like to discuss any of the insights from this issue, reach out to me directly. #privateequity #lifesciences #healthcareservices #biotech #investmentbanking #businessvaluation

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Harris Williams recently advised Unison Therapy Services, a portfolio company of Ridgemont Equity Partners, on their sale to Ascend Capital Partners. Unison is one of the largest outsourced therapy providers for prekindergarten-12 students in school- and community-based settings. Ascend was attracted to Unison’s exceptional track record of organic growth and demonstrated ability to expand their service offerings and client relationships to better serve children and families. Unison thrived under Ridgemont’s ownership, and this partnership will allow Unison to leverage Ascend’s clinical expertise, infrastructure, and support in their next phase of growth. We look forward to following their continued success. https://lnkd.in/eiXm43ny #mergersandacquisitions

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