Mergers
Tully & Holland works on behalf of the seller to evaluate, recommend, structure and close the transaction. more info >>Acquisitions
On behalf of the buyer, Tully & Holland conducts searches, negotiates and structures the transaction and follows through to closing. more info >>Private Placements
Tully & Holland is licensed to assist clients in raising equity and debt for expansion, acquisitions or recapitalizations.more info >>
Valuations
Tully & Holland provides valuation services to current and prospective clients. more info >>Tully & Holland Newsletter
Join our mailing list to be notified of our latest transactions and industry reports. Join now >>
Market Trends Index
LTM as of 05/14/2012
| $M | EBITDA | REVENUE |
| < 25 | 05.39x | 0.78x |
| 25 - 100 | 06.74x | 1.25x |
| 100 - 250 | 07.25x | 1.40x |
| 250 - 500 | 07.00x | 1.27x |
| > 500 | 09.69x | 2.25x |
Source: Capital IQ
Data includes multiples between 3x and 25x excluding real estate and telecommunications transactions.
Transactions
A selection of recently completed transactions by Tully & Holland, Inc. See listings >>
20 William Street, Suite 135
Wellesley, MA 02481
781.239.2900
info@tullyandholland.com
| Member SIPC | Member FINRA |
The Demand Index 2012 Q1 Analysis
Multi-Year Performance Analysis
April 27, 2012 - The first quarter of 2012 followed 2011's strong finish with an equally impressive, if not better, performance. Of the companies analyzed in the Demand Index, those reporting strong positive demand growth in Q1 2011 also had positive growth in Q1 2012. > > >
__________________________________________________________________________
Chris Kampe, Managing Director, discusses Sycamore Partners' second bid for Talbots
May 9, 2012 – Sycamore Partners has made another bid to acquire Talbots, the troubled women’s apparel merchant. In Multichannel Merchant's article, Sycamore Makes Bid for Talbots Again, Chris discusses the retail chain’s financial picture and gives his perspective on the private equity firm’s second, slightly higher, offer. > > >
__________________________________________________________________________
T&H advises GameStop in the divestiture of MovieStop
January 18, 2012 - Tully & Holland announces its role as financial advisor to GameStop in the divestiture of its MovieStop division to MovieStop, LLC. > > >
________________________________________________________________________________________
T&H advises Catalog Marketplace, Inc. in sale to Capital Resource Partners
January 17, 2012 - Tully & Holland is pleased to announce its role as financial advisor to Catalog Marketplace, Inc. d/b/a Glendale in the sale of its assets to Capital Resource Partners. BCA Mezzanine Fund provided senior debt and preferred equity capital in support of Capital Resource Partners' acquisition. > > >
__________________________________________________________________________
__________________________________________________________________________
Our deep industry knowledge in combination with 20 years of successfully completed transactions enables us to provide clients with sophisticated financial advice.
________________________________________________________________________________________________________________________________________________________
Chain Store Sales Update March 2012
Robust Same Store Sales Reported in March
April 11, 2012 - More than eighty-percent of the chains monitored by Tully & Holland reported same store sales increases for the month. While positive sales growth had been anticipated due to the early Easter and easy comparisons against flat sales in March 2011, sales growth exceeded market expectations due to unseasonably warm weather which stimulated sales of Spring apparel offerings. > > >
Notable Quotes
From Chris Kampe, Tully & Holland's Retail Group Managing Director:
Multichannel Merchant
December 21, 2011 – Sycamore Partners’ $212 million buyout offer was turned down by Talbots. In the article titled, Talbots Rejects Buyout Bid, Chris explains Talbots’ rationale for rejecting the offer which was roughly twice their recent stock price. >>>
Multichannel Merchant
November 1, 2011 – In the article,
What Will 2012 Bring For Multichannel Mergers and Acquisitions? Multichannel Merchant and Tully & Holland Managing Director, Chris Kampe offer M&A activity projections for catalog and internet retail companies. Chris forecasts a continued shift toward internet transactions and expects further divestiture of non-core catalog titles. >>>
