News
Akin Bay forms Healthcare and Life Sciences Group…more
Akin Bay forms Loan Portfolio Advisory Group…more
Akin Bay and Blackmore Partners Form Strategic Alliance…more
Akin Bay CEO Quoted in Articles from The Deal… more
Akin Bay and Principia Partners Form Strategic Alliance…more
Akin Bay creates alliances with top-tier specialty consulting firms…more
Wham-O®, Inc. Acquired by Cornerstone Overseas Investments Limited... more
Maker of Frisbee, Hula Hoop sold to Hong Kong distributor... more
Emeryville's Wham-O sold Manufacturer of Hula Hoops, Frisbees goes to Hong Kong firm... more
Middle Market Investment Banking
Akin Bay has focused on middle market investment banking over the last 20 years. We are one of the premier independent U.S. boutique investment banks, with the depth of experience and expertise to advise companies across a broad spectrum of industries, ranging in revenues from $20 million to over $1 billion. Our experience has made us a market leader in providing the highest quality mergers and acquisitions and capital raising advisory services for middle market companies across a wide spectrum of industries.
Akin Bay provides Mergers & Acquisitions, Debt and Equity financing, Restructuring, Strategic Partnering and other Financial Advisory services to both publicly held and privately owned and family controlled businesses, and to private equity funds, hedge funds and other principal investors.
Through our 100 plus completed transactions and financial advisory assignments, we have differentiated ourselves from our competitors by providing investment banking services with the same high quality analysis and presentation as our large national investment banking competitors, coupled with our more personalized, in-depth strategic analysis and singular idea generation.
We bring to our clients a wealth of diverse experience across 6 industry groups and 40 sub-groups. We combine the technical and financial skills to deal with the complex financial structures which characterize today's capital markets, and an unsurpassed creative approach that breaks from the standard "boutique" investment banking firm, delivering to our middle market client base a level of investment banking service fully competitive with that of any worldscale investment banking firm.
Market Statistics
| LBO Leverage Ratios (1) | 2008 |
2009 |
|---|---|---|
| Average Debt/EBITDA | 4.5 x |
3.3 x |
| Average Senior Debt/EBITDA(2) | 3.7 x |
2.9 x |
| EBITDA/Cash Interest Expense | 2.5 x |
3.4 x |
| Average Purchase Price | 9.5 x |
8.1 x |
| LBO Activity (1) | ||
| Volume (in millions) | $3,100 |
$900 |
| Deals (2) | 8,650 |
6,900 |
| High Yield | ||
| New Issue Volume (in billions) | $105 |
$25 |
Sources:
(1) - S&P LCD
(2) - Thomson Financial
Member: FINRA, MSRB and SIPC