2018 Livingstone annual review
Livingstone closed 82 deals in 2018 worldwide, with 23 of those transactions coming out of the US office. Low interest rates, the cut in the federal corporate tax, and pressure faced by many private equity investors to sell and buy assets all helped serve to make for another strong year for mid-market M&A in the US and globally.
Our strengths by sector stayed the same as in 2018, with Industrial, Business Services, and Healthcare taking the lead once again in the US.
Livingstone’s debt advisory service had a banner year as well. Leverage is a key factor in private equity performance and our ability to zero in on the best lender with the best structure in the universe of 250 or so institutions serving the North American middle market has proven to be a key competitive advantage for many of our financing clients.
Given the market volatility we’ve experienced in recent months, this year may be rockier than 2018. However, exceptional deals like our US-Spanish acquisition make me confident that whatever economic or geopolitical volatility lies ahead, our firm’s knowledge, creativity, and the caliber of our team will continue to create value for our clients.
Learn more about our 2018 firm performance and our 2019 industry outlook by downloading our 2018 annual review.
Stephen MilesCo-Founder, retired
- Los Angeles