Key Trends Shaping Micro Middle Market M&A – MMM Report for 1H 2025

The first half of 2025 marked a turning point for U.S. micro middle market M&A. As dealmakers, business owners, and investors adapt to shifting market conditions, understanding where the momentum lies has never been more critical. Houlihan Capital’s latest Micro Middle Market M&A Report analyzes the forces influencing deal activity,…
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Strategic Considerations for Fairness Opinions: A Decision Framework

Strategic Considerations for Fairness Opinions: A Decision Framework

Introduction In today's complex deal environment, boards and their advisors face increasingly nuanced decisions regarding whether an independent fairness opinion strengthens or actually complicates the transaction process. Market volatility, regulatory scrutiny, and evolving fiduciary standards have shifted the cost-benefit calculation around fairness opinions from a compliance exercise to a critical…
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Continuation Vehicles in Venture Capital: Unlocking Liquidity While Preserving Growth Potential

Continuation Vehicles in Venture Capital: Unlocking Liquidity While Preserving Growth Potential

As venture capital firms navigate prolonged exit timelines and increasing liquidity demands from limited partners (LPs), continuation vehicles (CVs) are emerging as a critical solution. Once a niche instrument in private equity, CVs are now gaining traction in venture capital, particularly amid reduced IPOs, tepid M&A activity, and growing pressure…
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