Week in Review: Good Times, General Solicitation, and Lending

On Monday, the ban on general solicitation was lifted. There were no ads for Blackstone’s new fund in Times Square (yet), but it is still too early to feel any impact. While some expect the greater availability of information will disintermediate many PE firms and VC firms, others think it will cause PE firms to be more visible with their performance metrics.

This week also saw many confident predictions about the future of M&A. Tony James, for example, thinks the still-nascent U.S. recovery, European stabilization, and growth in China set the stage for “good times.”  The boom may already be here, as fundraising has hit the best nine-month record since 2008.

And the surge of tech IPOs continued this week — including King, the British computer game maker, which indicated yesterday its intent to file for IPO on Nasdaq.

Opinions:

• Regulation Reshaping the Investment Banking Industry
• Why Large Companies Struggle With Business Model Innovation
• Carlyle Wants Nonaccredited Investors to Join the PE Party
• Small Business Financing is Available, Just Not Where You’re Looking
• 7 Top M&A Highlights of Q3
• 3 Alternatives to Alternative Lending
• Three Things PE Firms Look for in an Entrepreneur

Transactions:

• Bird Technologies acquires DeltaNode
• Scarborough Capital Management Attains New Owners
• CriticalPoint Capital Acquires Organized SportsWear
• TCP Capital Corp Sets Pricing for IPO
• Announced Transactions — September 26, 2013

Member Spotlight:

Shore Points Capital Management, LLC, is a New York-based private equity firm focused on smaller middle-market change-of-control transactions.  A Member of Axial since early 2013, the firm partners with existing owners/managers as they acquire and invest in well-managed and well-positioned software, manufacturing, service, and distribution companies located principally in North America.

In June 2013, Shore Points announced the addition of Colyar Consulting Group (CCG) as its latest portfolio company.  CCG represents the fifth investment in standalone software businesses sponsored by the principals of Shore Points.  Shore Points is actively seeking follow-on acquisitions for CCG, as well as new software platform companies.

Shore Points primarily sponsor deals involving businesses with enterprise values from $15 million to $75 million, with EBITDA of $2 million to $10 million.

Connect with Shore Points Capital or any of the other 13,000+ Axial Members.