The session will focus on recent macroeconomic events and the impacts on capital markets and valuation. 2022 experienced a steadily rising interest rate environment directly impacting capital providers’ risk tolerance in deploying capital. Specifically, the session will cover current trends in the senior debt market (i.e., discussion on spreads and leverage multiples), A&E market multiples (both from a public company and M&A multiple perspective), and other macro-economic factors (e.g., inflation, interest rate sensitivity, labor/workforce, etc.) and how they impact lending and from the perspective of their impact on annual valuation for current ESOPs and other privately held businesses receiving appraisals annually. The session is intended to provide the audience with a broad understanding of how key factors might impact current valuation and capital markets decisions and provide a broad understanding of how professionals are thinking about these topics. Finally, the capital markets continue to evolve; what will the environment be like in 2023?
Learning Objectives:
- Understand key trends and themes that impacted the capital markets in 2022 and today
- Identify macro factors impacting valuations
- Learn strategies to manage share price expectations of key stakeholders (management, Board, shareholders)
Presenters: Joe Skorczewski and Dan Kaczmarek, Chartwell