Liquidation Preference: Evaluating Capital Stack Considerations in Fund Valuations
Valuing investments in private companies requires a robust understanding of the capital stack and the associated impact of liquidation preferences, conversion rights, and exit probabilities. A recurring debate in fund valuations concerns whether to apply the Option Pricing Model (OPM) or assume a Common Stock Equivalent (CSE) based on fully diluted shares when allocating company […]
Quarterly Industry Report Updates are Available for Q1 2023
Houlihan Capital provides Quarterly Updates on the following industries as of March 31, 2023. Information includes valuation metrics, performance data and M&A activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Services Cannabis Chemicals Consumer Products Containers, Packaging and Paper […]
Quarterly Industry Report Updates are Available for Q4 2022
Houlihan Capital provides Quarterly Updates on the following industries as of December 31, 2022. Information includes valuation metrics, performance data and M&A activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Services Cannabis Chemicals Consumer Products Containers, Packaging and Paper […]
Understanding Valuations of Unicorns in 2017
When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a VC-backed company valued at $1 billion or more, it was a fitting description of an exceptionally rare phenomenon, with around 40 companies in the world holding such title. While unicorn status is still rare, the booming tech market […]
Industry Updates for Q2 are now Available! (2017)
Houlihan Capital provides Quarterly Updates on the following industries as of June 30, 2017. Information includes valuation metrics, performance data and M&A Activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Development Companies Business Services Consumer Products Containers, Packaging and […]