Five M&A deals were completed in the Accounts Receivable Management space in the first quarter for a total of $103 million in transaction value, making it the sixth consecutive quarter that has alternated between relatively high and low aggregate deal values, according to a report by Greenberg Advisors.
Two deals also were announced in the first quarter that actually closed in the fourth quarter ended Dec. 31, 2010. Although $103 million is down significantly from $528 million in the fourth quarter, it is 11% higher than the first quarter of 2010 - despite 44% fewer deals.
“The market has changed pretty dramatically in the past few years but appears to have stabilized. As a result, industry owners and investors now have more alternatives – and good ones, at that – in the M&A and capital markets," says Brian Greenberg, CEO at Greenberg Advisors, based in Rockville, Md.
The largest first quarter transaction involved a private equity trade involving Tailwind Capital Partners’ sale of insurance recovery-focused Trover Solutions to ABRY Partners, based in Boston.
Interestingly, four of the five deals completed in the quarter involved targets specializing in the healthcare sector, an area that continues to attract considerable interest, according to Greenberg.
For the detailed report, click on the link.
