Posted on November 10, 2014
We recently interviewed Peter Lehrman, CEO of Axial, one of the most energetic and innovative companies providing advanced technology solutions to M&A and corporate finance professionals operating in the middle market. Speaking from the “Roosevelt Room” in Axial’s headquarters in the Flatiron District, Peter covers a good deal of ground and I highly recommend you listen.
We began with a discussion of the current M&A market and Peter shared with us some highlights of Axial’s recent Concord event in New York: a packed crowd listened to various Axial members and panelist experts on the middle market, but for some of them the main event took place outside the lecture hall.
Highlighting this heightened market activity, Peter shared some of Axial’s internal data showing a rapid rise in new deal submissions. In September over 1000 new deals were submitted to the Axial site, compared with a recent average of 750 submissions a month. Just-released data shows that October submissions grew again to more than 1200. No word yet on whether this will bridge the imbalance between buyers and sellers.
Axial recently completed an $11 million capital round with Comcast Ventures. Peter envisions this capital helping Axial become the go-to meeting place for all participants in middle market M&A. Their target community includes private and public companies as well as the professionals who advise them with regard to strategic relationships and transactions.
Although Peter was reluctant to share too much about his new product pipeline, he did share Axial’s vision for the role of technology in our industry. He firmly rejected the idea that robots and intelligent systems will replace smart and creative deal professionals in the M&A industry. Instead, he believes new systems and apps will make M&A professionals more effective by eliminating many of the more burdensome administrative tasks we now endure. My… read the rest
Categories: Axial, Banking, Business Acquisition, Business Sale, Focus Investment Banking, Focus Investment Banking LLC, Focus LLC, Innovation, Interviewees, Investment Banking, M&A, Mergers, Mergers and Acquisitions, Middle Market, Peter Lehrman, SaaS, Software
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Posted on February 4, 2011
When I first started in the M&A business there were a few hundred private equity firms in the U. S. and virtually none overseas. Getting to know them was relatively easy. Today there are literally thousands of PE firms in the U. S., hundreds, if not thousands in Europe, and a rapidly growing complement of Asian and middle eastern PE firms focused on the emerging market countries. Picking the perfect candidate to acquire or invest in any particular lower middle market company has become an overwhelming challenge for intermediaries focused on a good ‘ole boy Rolodex approach to the M&A business.
AxialMarket (www.axialmarket.com) was created to fill that gap. Axial provides an online marketplace populated by more than 1500 intermediary firms and thousands of PE firms, strategic buyers, family offices, venture capitalists and other qualified private market participants who use Axial’s controlled, trusted marketplace to confidentially source and manage a pipeline of transaction opportunities across the private markets. Pre-qualified intermediaries have the opportunity to post blind listings of companies for sale or needing financing or recapitalization. On the buyside PE firms as well as strategic buyers pay monthly subscription fees to have access to thousands of qualified listings. Axial uses its sophisticated SaaS database to pre-select those buyside firms most likely to be interested in a particular deal. These firms are then presented to the intermediary for consideration and only approved buyers are permitted to see the deal summaries. The bottom line is that deals are getting down; more than three thousand business sales, including companies with revenues from $1 million to $400 million have been completed utilizing Axial listings since its inception.
Today we are pleased to have with us Peter Lehrman, the driving force behind AxialMarket. Highlights of Peter’s interview (4 1/2 minutes) as well as the full interview (about 30 … read the rest
Categories: Business Acquisition, Business Sale, Growth Equity Financing, Interviewees, Investment Banking, Junior Capital, M&A, Mergers, Mergers and Acquisitions, Mezzanine Debt, Middle Market, Peter Lehrman
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