Tag Archives: Private Market

Former M&A and Finance Editor Ken MacFadyen Joins BackBay Communications as Director

BOSTON–(BUSINESS WIRE)–BackBay Communications, a financial services-focused integrated branding, marketing, advertising and public relations firm, has hired Ken MacFadyen as Account Director.

At BackBay, Ken focuses on strategic communications, content development and media relations. Immediately prior to joining BackBay, Ken served as a speechwriter and communications specialist in the Office of the CEO at Panera Bread LLC, a $5 billion market cap national restaurant chain, and before that worked in the Global Communications/Investor Relations group of The TJX Companies, a $40 billion-plus market cap off-price retailer. Prior to his work in corporate communications, Ken spent over a decade in publishing, covering M&A, leveraged finance, private equity and other alternative asset categories. He served as the editor in chief at Mergers & Acquisitions and prior to that served in senior editorial roles at Investment Dealers’ Digest and Buyouts magazine. He holds a BA in English (Phi Beta Kappa) from The University of New Hampshire.

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Latin America Weakness in 2015? Energy & M&A Big Factors

With Latin America equities likely to underperform other emerging markets in 2015 for the sixth year in a row, favor Mexico and expect weakness in Brazil, Morgan Stanley says.

While Mexico and Brazil valuations look rich, Morgan Stanley is overweight Mexico and underweight Brazil as part of its outlook for Latin America investing in 2015. Big factors in the outlook for Latin America are global and out of its control: the direction of oil prices, the effectiveness of Japan’s economic policies, and reform in China, writes Jorge Kuri, director of Latin America equity research atMorgan Stanley.

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Buzzfeed hires executive to oversee M&A strategy

Buzzfeed has hired Sam Figler as its first-ever head of global business development, overseeing the company’s strategic partnerships and mergers & acquisitions strategy, a Buzzfeed spokeswoman told Capital.

Figler is the first big business-side hire that Greg Coleman has made since being named president of Buzzfeed in August.

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PetSmart’s LBO Price Reveals Appeal of Unloved Stock: Real M&A

Shareholders (PETM) of a stock that no analysts have been recommending just got a great deal.

In a year that’s had the fewest U.S. leveraged buyouts since the financial crisis, PetSmart Inc. was able to clinch a transaction. BC Partners is taking the pet-supplies chain private in a deal valued at about $8.6 billion, or 9.2 times its earnings before interest, taxes, depreciation and amortization. That’s 16 percent higher than the median multiple in U.S. retail LBOs of the past five years, according to data compiled by Bloomberg.

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Marketing and Media M&A Expected to Increase in 2015 Finds AdMedia Partners Survey

NEW YORK–(BUSINESS WIRE)–Dec 15, 2014–According to a survey released today by M&A firm AdMedia Partners, an overwhelming majority (81 percent) of senior executives at leading marketing services, media and related technology companies believe mergers and acquisitions by strategic buyers in the industry will rise in the coming year.

Respondents generally had a positive outlook for M&A in these sectors, driven in particular by digital and data. Expectations for M&A activity in 2015 were overall up, with similar to slightly higher valuation levels to 2014. However, many respondents viewed valuations as fair for both sides: a good time for sellers to achieve liquidity, and a good time for buyers to acquire strategic and growing assets in a favorable financial environment.

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