It's coming. Most of the world is in recession (Asia, middle-east, Mexico, Europe) and now the global industrial economy is in recession, including US and Canada. Trillion dollar Trump deficits and consumer spending are the two remaining bright spots.
M&A values have started to decline. While the headline multiple might be holding, ebitda is being more heavily scrutinized with less add-backs and allowed recasting.
Are searchers feeling pressure from funders? Are funders getting timid as the economy cools?
Are searchers desperate to get a deal done before the recession - and be guaranteed a regrettable price paid?
Are there searchers who can 'hibernate' and become a more aggressive buyer in###-###-#### months?
Do many searchers have the wrong investment partners for the next cycle?
I know there are few data points but what happened to searchers and search funds in###-###-#### ?
Forgive the angst this may cause amongst many of you.
Jeff
Winter is Coming - How are Searchers preparing for the recession?
by an investor from Hobart and William Smith Colleges
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We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Still sticking to my father-in-law's advice when I bought my first home, 'You make money when you buy, not when you sell...'