With over a decade of providing superior investment banking and financial advisory services, Cassel Salpeter & Co. remains committed to leveraging our market knowledge and proven expertise and experience to benefit our clients, relationships, and associates with successful outcomes.
As we take measure of the year past and the one ahead, we march onward with clarity of vision and resolute purpose, creating and nurturing relationships, seizing opportunities and assisting our clients to maximize value. We are here to help in times of uncertainty and opportunity.
View on 2022, Vision for 2023
After 2021’s record year of M&A, private equity-backed deals, and SPAC and venture capital activity, 2022 slowed down in many, but not all industries and deal types. In the SPAC world, M&A became extremely challenging with many liquidating or finding little money remaining in the trust upon closing of a deal. We view 2023 as a year of selected opportunities, filled with challenges and caution.
The anticipated slowdown we wrote about at the beginning of 2022 ultimately arrived, given climbing interest rates, inflation, and valuations peaking in the third quarter, as well as an unforeseen war. Of course, many of the in the know pundits continue to have differing opinions as to if, and when we will enter a recession, if we are in a recession, whether it might be deep or mild, and finally, if we might avoid a recession entirely. Of course, all of this uncertainty presents different and selected opportunities.
The best dealmakers of 2023 will be prepared and meticulous, while positioning themselves to act quickly, identifying opportunities, be it a timely sale, a capital raise to acquire previously unavailable assets, or to restructure and clean up a balance sheet. We pride ourselves in having the skills to identify and take action on all types of investment banking services for our clients, including sell-side (including distressed sales), buy-side, capital raises, and restructuring.
We continue to see a trend toward greater equity required to get middle-market deals done, and since Q3 2022 increasing costs of capital across the capital stack. Despite the slowdown, with the support of our clients and the financial community we transacted deals across a range of verticals including healthcare, industrials, biotech, retail, and technology, among other industries, and remain poised to assist in securing further opportunities ahead.
Cassel Salpeter Continues Driving Deal Engagement As It Looks Ahead to Transacting Further Opportunities on Behalf of Clients
Our sincere gratitude to our clients, referral relationships, community partners, and other friends and supporters for helping us complete 12 years of committed high quality service. Despite the year’s slowdown, we were able to achieve strong deal flow, deepen our commitments to providing actionable market knowledge, added personnel, and continued to invest in efforts that position us to meet the growing demand for our services, both inside and outside of Florida.
Highlights Include
Successfully handled in excess of 50 M&A, capital raising, restructuring, and advisory assignments across a broad spectrum of industries. Our team completed this work on behalf of family businesses, financial sponsors, private and public companies, boards of directors, and special committees.
Continued to strategically add key team members including Associate Charles Davis who brings his strategic advisory and financial analysis experience to our firm. With seven years of experience across the consumer product goods and manufacturing industries, he joins our team of seasoned veterans, mid-career professionals, and promising junior staff.
Our efforts on behalf of our clients and community caught the eye of South Florida Business & Wealth who conferred Cassel Salpeter Director Laura Salpeter a 2022 Prestigious Woman Award for her business acumen and her commitment to South Florida business.
We continued publishing the Florida Sponsor Deal Report, a semi-annual report recapping sponsor activity in Florida, our Aviation Deal Report, a quarterly resource for the aerospace and defense community keeping you informed of developments within the aviation capital markets, as well as our Healthcare Investment Banking Report tracking industry deal flow, while providing deep dives into pandemic-specific industry trends and impacts, and the Tech Review, a quarterly report highlighting emerging trends and developments in the technology marketplace. All are available on our website at www.casselsalpeter.com.
Chairman and Cofounder James Cassel joined Aviation Director Joey Smith and Healthcare Managing Directors Ira Leiderman and Margery Fischbein in providing thought leadership and subject matter expertise featured in local and national media including the Washington Post, Forbes, Le Monde, Chief Executive Magazine, American Express Business Trends & Insights, Sun Sentinel, Market Scale, BioSpace, Mergers & Acquisitions, and Medium’s Authority Magazine.
Industry Knowledge
