Market Update

Fall is almost upon us, and with that marks the return of a number of traditional fall activities. Kids are going back to school (albeit mostly virtually), the NFL season has begun (without live fans, but still), and what is typically a busy time in the Private Equity and M&A world is shaping up to be busy this year as well. Yet before we look forward, we also wanted to look back to see how (un)traditional the Summer of 2020 was as it relates to deal activity.

While intuitively depressed deal flow makes sense, it becomes even more apparent when looking at the chart below. As has been our theme for the past several months in this update, we have focused on U.S. closed deals only, which means that many (if not all) of these transactions began their processes prior to the COVID-19 pandemic, and therefore experienced a wide variety of delays, issues, and re-negotiation in order to simply get closed at all during these summer months. In the chart below, we have highlighted the summer months for 2019 and 2020 (blue and gold respectively), showing both capital deployed (bar chart) and total number of transactions completed (scatter plot). As you can see, the market continues to feel the impact of the pandemic. While August data is still coming in, were these numbers to hold true, August would re-set the low water mark set in May for the amount of capital deployed. And with that, it’s time to look forward again. Here’s hoping for continued health and safety for your loved ones, and a successful fall season in all of your business endeavors.

Sept 2020 market update chart

Ticket to Dream Couch Classic

We are thrilled to sponsor Ticket to Dream’s upcoming Couch Classic. This virtual event supports the organization’s ongoing impact and outreach to “help foster kids just be kids”. You can support local foster youth by attending the Couch Classic, sponsoring, or bidding on an auction item. View Event ›

Couch Classic

We Are Hiring

DCA is looking for a Research Associate to support both the M&A and PE sides of the business. This is an excellent opportunity for someone who is organized, detail-oriented, and analytical. Recommendations from our colleagues are welcome. View on LinkedIn ›

Villara Capital Cup: Teeing Off for Charity

The Villara Capital Cup, founded by Curt Rocca, is in its sixth year. While this year’s golf tournament looks a little different due to COVID precautions, the golfers’ commitment to fundraising is stronger than ever. Twenty-nine local business leaders have already raised over $1,150,000. The tournament will take place Sept 25-27. Friends and colleagues may show their support by donating to one (or more) of the 26 charities that this year’s Capital Cup supports. Learn More ›

Capital Cup logo

DCA Receives Corporate Citizenship Award

CCADCA is humbled to be one of the recipients of Sacramento Business Journal’s Corporate Citizenship Awards. Our firm’s commitment to volunteerism and philanthropy is woven into the fabric of our company culture, led by Partners Curt Rocca, Steve Mills, and Craig Mitchell. Read More ›

We applaud our fellow Corporate Citizenship Awards recipients for their spirit of giving:

  • DesCor Builders
  • Golden 1 Credit Union
  • Golden Pacific Bank
  • Mulvaney’s B&L
  • PHPR – Patrick Harbison Public Relations
  • Raley’s Family of Fine Stores
  • Suncrest Bank
  • USA Properties Fund, Inc.
  • William L.Lyon and Associates, Inc.
  • Wood Rodgers, Inc.