NEW YORK, Aug. 1, 2013 /PRNewswire/ -- Axial, the online network that connects professionals who advise, buy and finance private companies, today released its Q2 Leaderboards. The significant movement on the Leaderboards reflects an extremely dynamic lower middle market financing and M&A environment.
Axial Leaderboards rank the most active investment banks, private equity firms, and corporate acquirers by looking at companies currently working on the most deals, connecting most often, and having the biggest impact on the network. After analyzing data from 322,890 Member connections, the updated Q2 results introduce many new Members to the list with only a few companies remaining from last quarter.
Monarch Bay Securities moved up the investment banking list from to 6th to 3rd; meanwhile, Vercor, Peter A. Sokoloff & Co. and Allegiance Capital all dropped in the rankings. On the private equity leaderboard,the top 3 companies were all new to the list - Crescendo Capital Partners, Catalus Capital, and Foundation Investment Partners. Q1 frontrunner Smith Equity Partners fell to 5th. On the private equity list, there was a very narrow difference between company activity in the top 50 companies, with less than two points separating companies in the 15th and 50th slots.
"We're really excited to shine a light on the dynamic and fragmented lower middle market with our quarterly leaderboards. The arrival of so many new companies at the top of these leaderboards confirms both the scale and robustness of America's lower middle market economy," said Peter Lehrman, Axial's Chief Executive Officer. "We view these leaderboards as one tool among many to enable private companies to identify who is most actively providing capital and M&A advisory services."
Axial also released a new leaderboard focused on lenders this quarter, signaling the significant growth of companies participating in non-M&A financial transactions on the network in 2013. Select lenders on this quarter's list include Seacoast Capital, Enhanced Capital Partners, and Penn Mezzanine.
Overall Q2 activity exceeded last year's, with growth in investment opportunities increasing nearly 64 percent over the same quarter in 2012. Growth in pursuits (expressions of interests on these opportunities) increased by 123 percent over that same time period. Axial estimates that over 75 transactions now close each month as a result of connections made on the network.
Axial also announced today a major upgrade to its Company Profiles product, providing Axial Members with enhanced tools to better showcase and share their expertise, their markets of interest, and their team's history of closed transactions.
The complete list of Axial Leaderboard rankings can be found at www.axial.net/leaderboards.
Axial operates the world's most active network for professionals who operate, advise, finance, and acquire private companies. Each week, over 200 private companies confidentially connect with over 13,000 different financial intermediaries, capital providers, and strategic acquirers. Professionals join Axial to expand their network, confidentially source and share opportunities, and gain access to capital, advice and relationships that help them and their organizations succeed. Axial is backed by Redpoint Ventures and First Round Capital. To learn more about Axial, or to request membership on the network, visit www.axial.net.
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