Your resource for invaluable insight into investment banking and the M&A space. Through honest conversations with industry thought leaders, business pioneers, and innovators, we pull back the curtain and give you the inside scoop on trends in our targeted industries and provide you with the tools to better position your company in today's market.
7MA provides specialized investment banking and advisory services to Business Services and Technology firms, and select industries including Infrastructure and Energy Services, Healthcare and Life Sciences, Consumer, and Financial technology. As a close-knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise private capital, grow through acquisitions, and evaluate new markets. With a senior-level advisor managing every deal team, our clients get deep industry expertise every step of the way. [The views and opinions expressed on this show do not necessarily represent 7 Mile Advisors as a whole. Securities offered through 7M Securities, LLC - member FINRA / SIPC.]
Are Deals Getting Done During the COVID-19 Pandemic?
The COVID-19 pandemic has brought a sense of uncertainty to business owners, strategic buyers, and private equity groups who continue to gauge the long-term ramifications to the stock market.
In this episode of Deal Talk with 7MA, Ariail Barker and Andy Johnston explore a recurring question in the M&A space, are deals getting done during the COVID-19 pandemic? They examine how businesses are handling the fallout from the pandemic and how the team at 7 Mile Advisors has been able to help clients overcome these obstacles.
Successful Physician Partnership Strategies in Today’s COVID-19 Environment
Despite the struggles of the Healthcare industry amid the COVID-19 pandemic, interest in executing transactions and deals remains high. Private equity and strategic investors continue to be on the lookout for providers with whom to strike deals.
In this episode of Deal Talk with 7MA, 7 Mile’s Ben Garber leads the discussion on the evolving landscape of the healthcare MandA space in the wake of COVID-19. Ben is joined by https://www.bassberry.com/professionals/pellegrino-frank-m/ (Frank Pellegrino), https://www.bassberry.com/professionals/flatau-lara/ (Lara Flatau), and https://www.bassberry.com/professionals/humphreys-angela/ (Angela Humphreys) from https://www.bassberry.com/ (Bass, Berry and Sims).
Frank and Lara discuss a few sticky areas to be aware of during transactions, including internal issues among stakeholders in the group. (5:10) They also examine how structures and terms have adjusted to the new environment and the complicating factors that affect executing a strategy during such uncertain times. (9:47)
The group stresses the importance of preparation and getting your operations in order, even if you haven’t received any calls yet. (3:13) And, when a buyer shows interest in your practice, it’s vital to seek the guidance of a team of transactional lawyers and other qualified counsel to advocate on your behalf. (18:08)
Getting good deals through a smooth and fast transaction is possible if you have the right people on your side to ensure the decisions you make support the core of your practice. (29:06)
Related Links:Healthcare Private Equity
https://www.bassberry.com/news/middle-market-healthcare-private-equity-manda-trends-covid-19/ (Middle-Market Healthcare Private Equity MandA Trends and Terms in the Current COVID-19 Environment)
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Deal Talk with 7MA, a bi-weekly podcast by 7 Mile Advisors that aims to give listeners a look behind the curtain of the middle-market Mergers and Acquisitions world. 7 Mile Advisors is a middle-market MandA firm based out of Charlotte, NC, that provides investment Banking services and advise on mergers, acquisitions, and private capital transactions around the globe.
Voya CEO on Executing M&A Transactions During COVID-19 Pandemic
Businesses in industries across the board are still reeling from the impacts of the current COVID-19 health crisis. The majority have had to pivot and rethink many of their processes while generating innovative solutions to better serve their clients. In the M&A space, for instance, have transactions changed dramatically because of the pandemic?
In this episode of Deal Talk with 7MA, host Leroy Davis joins Rod Martin, Chairman and CEO at Voya Financial, and PPI International’s Jim Galli, to discuss their personal experiences conducting M&A transactions during the crisis. Rod shares how Voya has shifted its focus to retirement investment management and employee benefits, what that shift looks like for them, and the challenges they faced in making that pivot. (7:35) For Voya, the switch to remote work was nearly seamless due to the existing infrastructure and remote-capable tools, surprising even Rod. (9:22)
Should Your Business Apply for the Main Street Loan Program?
The U.S. government has taken strides in assisting small and midsize businesses that are suffering financially due to the COVID-19 pandemic. In addition to the Paycheck Protection Program (PPP) from the Small Business Administration, the Federal Reserve will be offering the Main Street Loan Program (MSLP). Although, as of publication, the MSLP hasn’t launched, you can use this time to prepare your materials, should you decide to apply.
In this episode of Deal Talk with 7MA, McGuireWoods Partner Clayton Stallbaumer and Associate Kayla McCann Marty join 7 Mile Advisors Partner Andy Johnston for an in-depth discussion on the different facets of the MSLP and what it means for lenders and borrowers alike. They explore how the loan program operates and the role the Federal Reserve plays in the lending market. (04:04) The program encourages borrowers to take on loans from eligible sources by removing the typical credit risk associated with the loans.
Exploring the Main Street Lending Program for Businesses
Many businesses have suffered significant hardships, with some financial loss leading to bankruptcies and even closures, due to the COVID-19 pandemic. While traditional lenders are hesitant to loan money at this time, the government is spearheading loan program options in an effort to provide economic stability and maintain access to credit.
In this episode of Deal Talk with 7MA, Elliot Davis’ Associates Ryan Loveless and Josh White explore the intricacies of the Paycheck Protection Program (PPP) and the Main Street Lending Program (MSLP). The discussion includes an analysis of the benefits to businesses looking to pursue growth today and after the crisis has abated. They discuss the specifics of the Federal Reserves’ MSLP (03:29) and compare it to the PPP, the program run by Small Business Administration and the Treasury Department. (07:07) There are three types of loans available, which vary in terms of the amount you can borrow, amortization terms, and transaction fees. (14:29)
7 Mile's Industry Bankers Discuss the Impact of COVID-19 Pandemic on Consumer, Healthcare, and IT Verticals
This episode of Deal Talk with 7MA features a panel discussion, held as part of a Carnegie Mellon series, on the effects of the current health crisis across some of 7 Mile's core industry verticals. Host Andy Johnston gathers the insights of 7MA Managing Director Mark Landry and Vice Presidents Ben Garber and Garth Martin on the state of the three key industries in terms of the market and M&A transactions.
Regarding the Consumer industry, Mark highlights three key factors for companies in this space. It’s essential to first check what consumer behaviors have been influenced by the crisis and which of these will continue even after. You also need to consider shifting towards e-commerce and domesticating or near-shoring your third-party supply chain, as opposed to concentrating it in a singular location. (09:55)