Alexa

CEOs of fastest-growing private companies say acquisition activity to rise

CEOs of fastest-growing private companies say acquisition activity to rise

The chief executives of the fastest-growing U.S. private companies anticipate an increased number of acquisitions over the next three years, according to a survey released Friday by PricewaterhouseCoopers.
Of the 286 CEOs surveyed, 38 percent said they planned an acquisition within the next three years. That compared with 20 percent who have completed acquisitions of an entire company or part of one in the past three years.
Meanwhile, 28 percent said they planned to offer for sale part or all of their own company.
Favorable conditions in the capital markets have contributed to a boom in buyout activity over the past year, and if the survey is any indication, the trend could continue.
The survey shows a greater number of executives considering nontraditional financing for upcoming deals. All-cash deals were prevalent in the past three years.
"The competition for quality deals has heated up significantly as private equity coffers are overflowing with cash looking for an investment home," said Fentress Seagroves, transaction services partner in PricewaterhouseCoopers' Private Company Services practice, which released the survey.
The CEOs surveyed said key factors adding to a rise in acquisitions included a desire to gain market share, non-organic growth and making their own company more attractive as an acquisition target for another, larger one.
___
On the Net:
http://www.barometersurveys.com


Updated : 2020-12-05 02:57 GMT+08:00