2. 2016 was a rewarding year at Headwaters.
It was a time of recognition in the industry and record
breaking numbers at our company.
3. Sell-side Investment Bank of the Year
Private Equity Deal of the Year
TMT Deal of the Year
Consumer Goods Deal of the Year
Canada Deal of the Year
M&A Deal of the Year
Top Investment Banking Firm to Work For
Consumer Services Deal of the Year
Consumer Services Deal of the Year
Awards
4. Amit Mujumdar
Director
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Ian Fay
Managing Director
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Arthur Bentley
Managing Director
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David Charles
Managing Director
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Gaurav Bhasin
Managing Director
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John Gaensbauer
Managing Director
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Michael Schumacher
Managing Director
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Ravi Bhagavan
Managing Director
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Randy Eppler
Managing Director
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Our team is comprised of investment bankers and industry veterans from across the country, with
deep industry knowledge and a passion for advocacy. In 2016, we added 9 senior bankers to our team to
continue our mission of providing extraordinary results for our middle-market clients.
New Hires
6. Industry Events
Our bankers attended over 200 industry events in 2016. A few of our favorite moments are shown below.
Phil Seefried: CNBC
Sun Jen Yung: Digital Hollywood Panelist
7. As a firm, we produced 40+ industry reports over the year.
Reports
8. We work a lot. We play a lot. We make fun of each other a lot. But the best part of Headwaters is watching
people share and help one another – it’s hard to believe we work at an investment bank. Let’s be honest:
we spend a lot of time making conference calls, putting our shoes in the bin in the airport security line and
sitting in the office late at night putting the final touches on the 67th draft of a document. But we know how
to cut loose too.
Life on the Inside
9. Here are
five themes to
look out for in
2017
1 2
3 4
5
Large forces to be set in motion by
the new administration. Significant
tax legislation, changes in health
care policy, and trade restrictions
will create significant uncertainty
in the short term, upheaval in the
middle term, and opportunity in the
long term.
Increased demand for lower middle
market businesses. With valuations
remaining near all-time highs, buyers
have gone down market in an attempt
to find less pricy assets. Roll-up
strategies are overwhelmingly popular.
We expect the gap between lower
middle market valuations and their
larger peers to tighten.
Quality transactions remain in short supply.
The M&A cycle is a bit “long in the tooth”, with
many of the better properties having been sold
in the last 3 years. With continued demand
from sponsors and corporate buyers alike,
companies with attractive growth profiles,
recurring revenues, and solid margins will trade
at significant premiums.
European markets present both risk and opportunity. With Brexit still fresh in their minds, other Eurozone countries
face emotional elections ahead with the theme of nationalism driving protectionist and separatist agendas. However,
with downward move in the Euro/British Pound and relatively lower valuations in comparison to the US market,
companies continue to look for strategic add-ons in Europe and the UK.
America is the world’s new growth market.
With disruptions in the former growth darling
– BRIC countries – and the continued slow
growth around the world, there is more global
capital seeking a home in the US market than
we’ve seen in some time.
10. Thank
You!
We’d like to thank all of our clients, partners and players in the deal community for their support and
contribution. We look forward to continuing to work with you in the years to come.
