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Jay Clark, Managing Director of LCG Advisors, spoke at ACG’s “The State of Private Equity in Florida and Beyond” last week at the University Club. He was accompanied by Ameya Agge of Apax Partners, Glenn Oken of Mangrove Equity Partners, Sarah Robson of Axial, and John C. Connery, Jr. of Hill Ward Henderson.

If you missed the event, here are some key takeaway points from Jay Clark:

  • Private Equity investment in Florida continues to be robust, only California, Texas and New York had more in-bound investment in 2015.
  • There is clearly a trend toward increased non-control investments by traditional control private equity investors as a way to generate attractive investment opportunities and address business owner goals.
  • There is currently a growing “valuation gap” between middle market and smaller middle market business owners and buyers. While multiples for good companies have been on the aggressive side for all sizes and types of transactions, the significant premiums that have been reported in the “mega-deal” segment of the market has created unrealistic expectations in many cases for smaller companies.

 

About Jay Clark: Mr. Clark joined LCG as Managing Director to lead the Investment Banking division with over 27 years of experience in the financial services industry. Mr. Clark has completed over $3 billion of transactions in his career which include mergers & acquisitions, capital formation and transaction advisory assignments.