The second quarter ended June 30 brought a major rise in the number of M&A transactions in the accounts receivable management (ARM) space compared with the first quarter, according to M&A advisory firm Greenberg Advisors. The second quarter also saw a jump in average transaction size.
Greenberg Advisors tracked 13 transactions in Q2 for a total of $740 million inaggregate ARM deal value, with an average transaction value of $56.9 million.
The numbers reflect massive increases from Q1, when eight transactions were completed for $140 million in aggregate ARM deal value, and the average deal value was $17.5 million.
Large deals in Q2 involved AnaCap Financial Partners' (along with Morgan Stanley Alternative Investment Partners and Partners Group) acquisition of Cabot Financial, EOS Group's acquisition of
Credirec SAS, SourceCorp.'s merger with HOV Services, and TDR Capital's management-led acquisition of Lowell Group.
For the detailed report from Greenberg Advisors, click on the link.
