Entries by Administrator

CASE STUDY | When does a business deserve a valuation re-rating?

/by

CASE STUDY | When does a business deserve a valuation re-rating? A business doubles its EBITDA margin in 18 months and forecasts doing it again before stabilising. Do you pay for that story today, or make them prove it first? We recently advised on the valuation of a business supplying mission-critical equipment to the mining […]

The Evolving Rules of Mid-Market M&A in South Africa

/by

South Africa’s mid-market M&A environment has evolved materially over the past several years. The market that existed during the low interest rate and highly liquid post-COVID recovery period is very different to the environment businesses are operating in today. At Kensington Capital (www.kensingtoncapital.co.za), we are observing a market where the “theoretical” has become the “practical”. […]