A review of a large sample of M&A and LBO transactions originated between 2015 and 2019 shows that overall, addbacks inflated marketing EBITDA by an average of over 28% and accounted for 54% of reported last-12-months EBITDA at deal inception. The...
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November 25, 2020, 09:10 AM
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After a record decade of economic growth in the U.S., the current expansion is becoming long in the tooth. S&P Global Ratings economists now place the probability of a U.S. recession within 12 months at between 25% and 30%. Although our baseline...
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February 13, 2020, 09:15 AM
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