Sectorwatch: Enterprise Software - January 2020 - 7 Mile Advisors
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Sectorwatch: Enterprise Software January 2020
Enterprise Software
January 2020
Sector Dashboard [4]
Public Basket Performance [5]
Operational Metrics [7]
Valuation Comparison [10]
Recent Deals [13]
Appendix [14]
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be
delivered only in conjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice &
Disclaimer at the end of the document. All data cited in this document was believed to be accurate at the time of authorship and came
from publicly available sources. Neither 7 Mile Advisors nor 7M Securities make warranties or representations as to the accuracy or
completeness of third-party data contained herein. This document should be treated as confidential and for the use of the intended
recipient only. Please notify 7 Mile Advisors if it was distributed in error. 2Overview
7MA provides Investment Banking & Advisory Services to the Business Services and Technology
Industries globally. We advise on M&A and private capital transactions, and provide market assessments
and benchmarking. As a close knit team with a long history together and a laser focus on our target
markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate
new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we
focus.
Dashboard Valuation Comparison
• Summary metrics on the sector • Graphical, detailed comparison of valuation
• Commentary on market momentum by multiples for the public basket
comparing the most recent 12-month
performance against the last 3-year
averages.
Public Basket Performance Recent Deals
• Summary valuation and operating metrics • The most recently announced deals in the
for a basket of comparable public companies sector
3Dashboard
Operating Metrics
Revenue Growth Momentum
4.5% 1 - year revenue growth compared to revenue growth Median LTM GP Margin % 72.8%
average for last 3 years
Current revenue growth rate exceeds the average of the last 3 years by this
amount, indicating that market momentum is increasing Median LTM EBITDA Margin % 25.8%
Pricing / Gross Margin Momentum Median LTM Rev. Growth % 13.1%
1 - year gross profit % compared to gross profit %
0.8% average for last 3 years 0% 20% 40% 60% 80%
Current gross profit margin exceeds the average of the last 3 years gross profit
margin by this amount, indicating supplier pricing power
Valuation
Profitability Momentum Median TEV / LTM EBIT 27.0x
1 - year EBITDA % compared to EBITDA % average for
1.6% last 3 years Median TEV / LTM EBITDA 22.0x
Current EBITDA margin exceeds the average of the last 3 years EBITDA margin
by this amount, a condition that may attract new entrants Median Price / LTM Earnings 15.3x
Median TEV / LTM Revenue 8.0x
0x 10x 20x 30x
4Public Basket
Rev TEV /
LTM Rev Growth EBITDA TEV / EBITDA Rev /
Company TEV $m $m YoY GP % % Rev X X # FTEs FTE $k
Workday, Inc. 41,379 3,440 31% 71% -6% 12.0 0.0 10,500 328
VMware, Inc. 64,561 9,752 13% 85% 25% 6.6 26.0 22,990 424
salesforce.com, inc. 164,298 15,850 26% 75% 14% 10.4 71.7 35,000 453
Adobe Inc. 168,780 11,171 24% 85% 34% 15.1 44.0 22,634 494
SAP SE 178,978 29,374 12% 70% 26% 6.0 22.9 96,498 304
International Business Machines Corporation 182,688 77,147 -3% 47% 22% 2.4 11.0 - NA
Oracle Corporation 204,226 39,583 0% 80% 41% 5.2 12.6 136,000 291
Microsoft Corporation 1,219,157 129,814 13% 67% 44% 9.4 21.2 144,000 901
Average 278,009 39,516 15% 72% 25% 8.4 26.2 58,453 456
Median 173,879 22,612 13% 73% 26% 8.0 22.0 28,995 424
share price as of 22Jan20
510x
15x
20x
25x
0x
5x
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
TEV/EBITDA - Median
Apr-17
TEV/EBITDA - Average
Jul-17
Oct-17
5.8x
17.3x
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
TEV/Revenue - Median
TEV/Revenue - Average
Oct-19
Jan-20
0x
4x
6x
8x
2x
10x
20x
30x
0x
Apr-15
Apr-15
Jul-15
Jul-15
Oct-15
Oct-15
Jan-16
Jan-16
Apr-16 Apr-16
Jul-16 Jul-16
Oct-16 Oct-16
Jan-17 Jan-17
Public Basket Valuation Trends
Apr-17
TEV/EBITDA - Median
TEV/Revenue - Median
Apr-17
Jul-17 Jul-17
Oct-17 Oct-17
Jan-18 Jan-18
Apr-18 Apr-18
Jul-18 Jul-18
Oct-18 Oct-18
Jan-19 Jan-19
Apr-19 Apr-19
Jul-19 Jul-19
TEV/EBITDA - Average
TEV/Revenue - Average
Oct-19 Oct-19
Jan-20 Jan-20
Public EBITDA Multiples over Time
Public Revenue Multiples over Time
6Operational Metrics
LTM Gross Profit Margin % LTM EBITDA %
VMware, Inc. Microsoft Corporation
Adobe Inc. Oracle Corporation
Oracle Corporation Adobe Inc.
salesforce.com, inc. SAP SE
Workday, Inc. VMware, Inc.
International Business
SAP SE
Machines Corporation
Microsoft Corporation salesforce.com, inc.
International Business
Workday, Inc.
Machines Corporation
Median Median
- 20% 40% 60% 80% 100% (10%) 10% 30% 50%
7Operational Metrics
LTM Revenue per
LTM Revenue Growth %
Full Time Employee x 000’s
Workday, Inc. Microsoft Corporation
salesforce.com, inc. Adobe Inc.
Adobe Inc.
salesforce.com, inc.
VMware, Inc.
VMware, Inc.
Microsoft Corporation
Workday, Inc.
SAP SE
SAP SE
Oracle Corporation
International Business Oracle Corporation
Machines Corporation
Median Median
(10%) - 10% 20% 30% 40% $- $500 $1,000
8Operational Metrics
Average Days
Accounts Receivable Turnover
Sales Outstanding
Oracle Corporation VMware, Inc.
International Business
SAP SE
Machines Corporation
Adobe Inc. Workday, Inc.
Microsoft Corporation salesforce.com, inc.
salesforce.com, inc. Microsoft Corporation
Workday, Inc. Adobe Inc.
International Business
SAP SE
Machines Corporation
VMware, Inc. Oracle Corporation
Median Median
0x 2x 4x 6x 8x 10x 12x 0 20 40 60 80 100
9Valuation
TEV / LTM Revenue TEV / LTM EBITDA
Adobe Inc. salesforce.com, inc.
Workday, Inc.
Adobe Inc.
salesforce.com, inc.
VMware, Inc.
Microsoft
Corporation
SAP SE
VMware, Inc.
Microsoft Corporation
SAP SE
Oracle Corporation
Oracle Corporation
International International Business
Business Machines Machines Corporation
Corporation
Median Median
0x 4x 8x 12x 16x 20x 0x 20x 40x 60x 80x
10Valuation
TEV / LTM EBIT Price / LTM Earnings
salesforce.com, inc. salesforce.com, inc.
Adobe Inc.
Adobe Inc.
VMware, Inc.
Microsoft Corporation
SAP SE
Oracle Corporation
Microsoft Corporation
International Business
Machines Corporation
International Business
Machines Corporation
VMware, Inc.
Oracle Corporation
Median
Median
0x 100x 200x 300x 0x 50x 100x 150x 200x 250x
11Valuation
Historical Valuation Multiples Historical Valuation Multiples
versus Gross Profit versus Revenue Growth Rate
80x 85.3% 85.0% 90% 80x 30%
79.7% 26.4%
23.7%
70x 80%
70x
25%
75.0% 70%
60x 60x
69.8%
66.6% 20%
60%
50x
50x
50% 13.0% 15%
40x
47.3% 40x
40% 13.3%
11.8% 10%
30x
30% 30x
20x 5%
20% 20x
EBITDA(x)
EBITDA(x)
LTM GP%
LTM RGR%
10x 10% 0%
10x (3.1%)
0.3%
11x 13x 21x 23x 26x 44x 72x
0x 0% 11x 13x 21x 23x 26x 44x 72x
0x -5%
EBITDA(x) LTM GP% EBITDA(x) LTM RGR%
12Recent Transactions
Total
Transaction Target TEV / TEV /
Date Target Buyer / Investor Value Revenue Revenue EBITDA
13Jan20 Plaid Inc. Visa Inc. 4,900.00 - - -
9Jan20 Veeam Software Group GmbH Insight Venture Management, LLC 5,000.00 1,000.00 - -
6Jan20 Armis, Inc. Insight Venture Management, LLC; CapitalG 1,100.00 - - -
Management Company, LLC
17Nov19 Sage Pay Business of The Sage Group plc Elavon Inc. 300.88 - - -
18Nov19 CloudSimple, Inc. Google LLC - - - -
23Sep19 Zingle, Inc. Medallia, Inc. 42.00 - - -
4Sep19 Movere, Inc Microsoft Corporation - - - -
28Aug19 Kony, Inc. Temenos AG 580.00 - - -
22Aug19 Pivotal Software, Inc. VMware, Inc. 3,349.32 716.06 4.3x NM
22Aug19 Carbon Black, Inc. VMware, Inc. 2,208.43 229.71 9.0x NM
21Aug19 SignalFx, Inc. Splunk Inc. 1,050.00 - - -
7Aug19 ClickSoftware Technologies Ltd. salesforce.com, inc. 1,350.00 - - -
6Aug19 Account-to-Account Payment Business of Nets Holding A/S Mastercard Incorporated 3,194.29 - - -
3Jul19 Corel Corporation KKR & Co. Inc.; KKR Americas Fund XII LP - - - -
9Jun19 Tableau Software, Inc. salesforce.com, inc. 17,377.59 1,191.61 13.7x NM
6Jun19 Looker Data Sciences, Inc. Google LLC 2,600.00 - - -
23May19 Daily Inches Inc. Upland Software, Inc. 50.00 - - -
12May19 Amber Road, Inc. E2open, LLC 433.60 86.20 4.9x NM
17Apr19 PostUp, Inc. Upland Software, Inc. 35.00 - - -
17Mar19 Worldpay, Inc. Fidelity National Information Services, Inc. 43,590.64 3,925.40 11.0x 29.1x
18Mar19 AgileCraft LLC Atlassian Corporation Plc 154.00 - - -
19Feb19 Attunity Ltd. QlikTech International AB 560.62 86.25 6.0x 57.2x
11Feb19 Ellie Mae, Inc. Thoma Bravo, LLC; Thoma Bravo Fund XIII LP 3,683.32 7.0x 59.6x
480.27
3Feb19 The Ultimate Software Group, Inc. Hellman & Friedman LLC; JMI Management, Inc.; The 10,984.39 1,140.54 9.5x 93.7x
Blackstone Group L.P. (nka:The Blackstone Group
Inc.); GIC Pte. Ltd.; Canada Pension Plan Investment
Board; Qatar Investment Authority
28Jan19 JN Projects, Inc. Dropbox, Inc. 175.20 - - -
16Nov18 Cylance Inc. BlackBerry Limited 1,500.00 130.00 11.5x -
15Oct18 SendGrid, Inc. Twilio Inc. 2,020.00 137.17 13.4x NM
18Dec17 Aconex Limited Vantive Australia Pty Ltd 1,258.87 127.39 9.7x NM
13Enterprise Software
January 2020
APPENDIX:
Public Basket
Constituents
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be
delivered only in conjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice &
Disclaimer at the end of the document. All data cited in this document was believed to be accurate at the time of authorship and came
from publicly available sources. Neither 7 Mile Advisors nor 7M Securities make warranties or representations as to the accuracy or
completeness of third-party data contained herein. This document should be treated as confidential and for the use of the intended
recipient only. Please notify 7 Mile Advisors if it was distributed in error. 14Public Basket
Workday, Inc.
Workday, Inc. provides enterprise cloud applications for finance
and human resources worldwide. It provides applications for
customers to manage critical business functions to optimize
their financial and human capital resources. The company offers
Workday Financial Management application that provides
functions of general ledger, accounting, accounts payable and
receivable, cash and asset management, employee expense Revenue Multiples - Workday, Inc.
and revenue management, projects, procurement, inventory, 30x
and grants management. It also provides Workday Human
Capital Management application, which includes human 20x
resources management, such as workforce lifecycle and
organization management, compensation, absence, and 10x
employee benefits administration; and global talent
0x
management comprising goal and performance management,
succession planning, and career and development planning.
Workday, Inc. was founded in 2005 and is headquartered in
TEV/Revenue Average
Pleasanton, California.
Date Key Development Headline
12/8/19 Workday, Inc. (NasdaqGS:WDAY) completed the acquisition of
Scout RFP, Inc. from a group of investors.
11/3/19 Workday, Inc. (NasdaqGS:WDAY) signed a definitive
agreement to acquire Scout RFP, Inc. from a group of investors
for approximately $540 million.
7/17/19 Workday, Inc. (NasdaqGS:WDAY) acquired Trusted Key
Solutions Inc.
5/13/19 Workday To Seek Acquisitions
15Public Basket
Revenue Multiples - VMware, Inc.
10x
8x
6x
4x
2x
VMware, Inc. 0x
VMware, Inc. provides compute, cloud, mobility, networking,
and security infrastructure software to businesses in the United
TEV/Revenue Average
States and internationally. The company offers compute
products, including VMware vSphere, a data center platform,
which enables users to deploy hypervisor, a layer of software EBITDA Multiples - VMware, Inc.
40x
that resides between the operating system and system
hardware to enable compute virtualization; storage and 30x
availability products that provide data storage and protection 20x
options; network and security products; and cloud management
10x
and automation products to manage and automate
overarching IT processes involved in provisioning IT services 0x
and resources to users from initial infrastructure deployment to
retirement. VMware, Inc. is a subsidiary of Dell Technologies
Inc. TEV/EBITDA Average
Date Key Development Headline P/E Multiples - VMware, Inc.
1/20/20 VMware, Inc. (NYSE:VMW) has agreed to acquire Nyansa, Inc. 120x
Formation8 Partners.
90x
12/29/19 VMware Inc. (NYSE:VMW) completed the acquisition of
remaining 83.91% stake in Pivotal Software Inc. (NYSE:PVTL) 60x
(‘Pivotal’) from Ford Motor Company (NYSE:F) (‘Ford’),
EMC Equity Assets LLC and other shareholders. 30x
11/18/19 Nokia and VMware Expand Partnership to Ease Large-Scale, 0x
Multi-Cloud Operations
11/6/19 CloudBees Partners With Atos and VMware to Harness the
Power of DevOps Automation for Enterprises
10/6/19 VMware, Inc. (NYSE:VMW) completed the acquisition of Carbon P/E Average
Black, Inc. (NasdaqGS:CBLK) from Atlas Venture L.P. and others.
16Revenue Multiples - salesforce.com, inc.
Public Basket
15x
12x
9x
6x
3x
salesforce.com, inc. 0x
salesforce.com, inc. develops enterprise cloud computing
solutions with a focus on customer relationship management.
The company offers Sales Cloud to store data, monitor leads TEV/Revenue Average
and progress, forecast opportunities, and gain insights through
analytics and relationship intelligence, as well as deliver quotes, EBITDA Multiples - salesforce.com, inc.
300x
contracts, and invoices. It also provides Service Cloud, which
enables companies to deliver personalized customer service 200x
and support, as well as a field service solution that enables
companies to connect agents, dispatchers, and mobile 100x
employees through a centralized platform, which helps to
schedule and dispatch work, and track and manage jobs in 0x
real-time. The company was founded in 1999 and is
headquartered in San Francisco, California.
TEV/EBITDA Average
Date Key Development Headline
12/16/19 Voluntis Collaborates with Salesforce to Introduce Full-Service
P/E Multiples - salesforce.com, inc.
Platform for Digital Therapeutics Prescription and
Reimbursement 300x
11/20/19 CaixaBank to Develop Digital Financial Services with Salesforce
11/19/19 Salesforce and Amazon Web Services Expand Global Strategic 200x
Partnership
9/30/19 salesforce.com, inc. (NYSE:CRM) completed the acquisition of 100x
remaining shares in ClickSoftware Technologies Ltd. from
Francisco Partners Management LLC. 0x
8/6/19 salesforce.com, inc. (NYSE:CRM) entered into a definitive
agreement to acquire remaining shares in ClickSoftware
Technologies Ltd. from Francisco Partners Management LLC for
approximately $1.4 billion. P/E Average
17Revenue Multiples - Adobe Inc.
Public Basket
20.0x
15.0x
10.0x
5.0x
Adobe Inc. 0.0x
Adobe Inc. operates as a diversified software company
worldwide. Its Digital Media segment provides tools and
solutions that enable individuals, small and medium businesses, TEV/Revenue Average
and enterprises to create, publish, promote, and monetize their
digital content. Its flagship product is Creative Cloud, a EBITDA Multiples - Adobe Inc.
60x
subscription service that allows customers to download and
install the latest versions of its creative products. This segment 40x
serves traditional content creators, Web application developers,
and digital media professionals, as well as their management in 20x
marketing departments and agencies, companies, and
publishers. The company’s Digital Marketing segment offers 0x
solutions for how digital advertising and marketing are created,
managed, executed, measured, and optimized. The company
was founded in 1982 and is headquartered in San Jose, TEV/EBITDA Average
California.
P/E Multiples - Adobe Inc.
Date Key Development Headline 150x
12/5/19 Adobe Inc. (NasdaqGS:ADBE) acquired Oculus Medium from 120x
Facebook Technologies, LLC.
11/4/19 HP Inc. and Adobe Fuel New Era of 3D Production Technology 90x
for Creatives 60x
11/3/19 Adobe, The New York Times Company and Twitter Announce
30x
Content Authenticity Initiative to Develop Industry Standard for
Content Attribution 0x
6/11/19 Datacolor Collaborates with Adobe to Launch New Innovative
Solution for Textile Industry
3/27/19 Adobe, Microsoft and SAP Announce New Open Data Initiative P/E Average
Details
18Public Basket
SAP SE Revenue Multiples - SAP SE
10x
8x
SAP SE operates as an enterprise application software, and
analytics and business intelligence company worldwide. It offers 6x
SAP HANA, which enables businesses to process and analyze 4x
live data; SAP Data Hub, a solution that enables businesses to 2x
manage data from various sources; SAP Cloud Platform, which 0x
enables businesses to connect and integrate applications; SAP
BW/4HANA, a data warehouse solution; SAP Leonardo, a
system that enables customers to make business sense and
TEV/Revenue Average
opportunity of disruptive technologies; and SAP Analytics
Cloud, which leverages the intersection of business intelligence,
planning, and predictive analytics. SAP SE was founded in 1972
and is headquartered in Walldorf, Germany.
EBITDA Multiples - SAP SE
30x
Date Key Development Headline
10/23/19 Verizon and SAP SE Co-Developing Next Gen Iot Analytics 20x
Solutions
8/29/19 BearingPoint RegTech, Berlin Hyp, SAP and Okadis Develop 10x
Solution for the Integration with SAP FSDM in Regulatory
Reporting on Abacus360 Banking 0x
8/22/19 Schwarz GmbH & Co KG acquired Two Go from SAP SE
(DB:SAP).
5/6/19 Accenture plc and SAP SE to Co-Develop and Co-Innovate New
Industry Solutions on SAP® C/4HANA Suite TEV/EBITDA Average
4/24/19 SAP SE Intends To Seek Acquisitions
19Revenue Multiples - International Business
Public Basket
5x
Machines Corporation
4x
3x
2x
1x
International Business Machines Corporation 0x
International Business Machines Corporation operates as an
integrated technology and services company worldwide. Its
Cognitive Solutions segment offers Watson, a computing TEV/Revenue Average
platform that interacts in language, processes big data, and
learns from interactions with people and computers. This EBITDA Multiples - International Business
20x
segment also offers data and analytics solutions, including Machines Corporation
analytics and data management platforms, cloud data services, 15x
enterprise social software, talent management solutions, and 10x
tailored industry solutions; and transaction processing software
5x
that runs mission-critical systems in banking, airlines, and retail
industries. The company was founded in 1911 and is 0x
headquartered in Armonk, New York.
Date Key Development Headline TEV/EBITDA Average
12/31/19 Great Hill Partners, LP and Spectrum Equity Management, L.P.
completed the acquisition of Sales Performance Management
P/E Multiples - International Business
Business of International Business Machines Corporation 40x
(NYSE:IBM).
Machines Corporation
12/19/19 International Business Machines Corporation and the University 30x
of Tokyo Announce an Agreement to Partner to Advance
20x
Quantum Computing and Make it Practical for the Benefit of
Industry, Science and Society 10x
12/1/19 SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) completed
the acquisition of certain Algorithmics and related assets from 0x
International Business Machines Corporation (NYSE:IBM).
11/24/19 Great Hill Partners, LP and Spectrum Equity Management, L.P.
signed a definitive agreement to acquire Sales Performance
Management Business of International Business Machines P/E Average
Corporation (NYSE:IBM).
20Revenue Multiples - Oracle Corporation
Public Basket
10x
8x
6x
4x
2x
Oracle Corporation 0x
Oracle Corporation develops, manufactures, markets, sells,
hosts, and supports application, platform, and infrastructure
TEV/Revenue Average
solutions for information technology (IT) environments
worldwide. It offers human capital and talent management,
enterprise resource planning, customer experience and EBITDA Multiples - Oracle Corporation
20x
relationship management, procurement, supply chain
15x
management, project portfolio management, business analytics
and enterprise performance management, and industry-specific 10x
application software, as well as financial management and
5x
governance, and risk and compliance applications. Oracle
Corporation was founded in 1977 and is headquartered in 0x
Redwood City, California.
TEV/EBITDA Average
Date Key Development Headline
1/13/20 Achieve Life Sciences, University of Bristol, and Oracle
Corporation Announce Study Results Demonstrating Potential P/E Multiples - Oracle Corporation
80x
for Accelerated Speed of Drug Discovery
10/1/19 Oracle Corporation (NYSE:ORCL) signed an agreement to 60x
acquire CrowdTwist, Inc.
9/23/19 Quantifind, Inc. and Oracle Announce Strategic Collaboration to 40x
Transform Anti-Money Laundering Processes 20x
9/16/19 Agentis and Oracle Team to Help Utilities Drive Energy Efficiency
for Every Customer 0x
9/16/19 Oracle Consulting and Deloitte Collaborate to Help
Organizations Move and Innovate with Oracle Cloud
P/E Average
21Revenue Multiples - Microsoft Corporation
Public Basket 10x
8x
6x
4x
2x
Microsoft Corporation 0x
Microsoft Corporation develops, licenses, and supports
software, services, devices, and solutions worldwide. The TEV/Revenue Average
company’s Productivity and Business Processes segment
offers Office, Exchange, SharePoint, Microsoft Teams, Office
365 Security and Compliance, and Skype for Business, as well as EBITDA Multiples - Microsoft Corporation
30x
related Client Access Licenses (CAL); and Skype, Outlook.com,
and OneDrive. It also provides LinkedIn that includes Talent and 20x
marketing solutions, and subscriptions; and Dynamics 365, a set
of cloud-based and on-premises business solutions for small 10x
and medium businesses, large organizations, and divisions of 0x
enterprises. The company was founded in 1975 and is
headquartered in Redmond, Washington.
TEV/EBITDA Average
Date Key Development Headline
1/12/20 Samsung Electronics America Announces Working with
Microsoft and Verizon to Bring the New Samsung Galaxy P/E Multiples - Microsoft Corporation
XCover Pro to the U.S. Market 80x
12/10/19 NTT Corporation and Microsoft Corp. Form a Strategic Alliance
to Enable New Digital Solutions 60x
11/20/19 Vattenfall and Microsoft Announces Joint Development of First- 40x
Of-Its-Kind Solution
20x
11/19/19 Open Invention Network Teams with IBM, Linux Foundation and
Microsoft to Further Protect Open Source from Patent Trolls 0x
11/13/19 Microsoft Corporation (NasdaqGS:MSFT) cancelled the
acquisition of XOXCO, Inc.
P/E Average
22CONTACT INFO
7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private
capital transactions and provide market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our
target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. Securities offered through
7M Securities LLC.
Leroy Davis, Partner 704.899.5962 leroy@7mileadvisors.com
Tripp Davis, Partner 704.899.5762 tripp@7mileadvisors.com
Andy Johnston, Partner 704.899.5961 andy@7mileadvisors.com
Mark Landry, Managing Director 561.972.0609 mark@7mileadvisors.com
Ben Lunka, Managing Director 704.496.2995 ben@7mileadvisors.com
Neil Churman, Director 281.742.9340 neil@7mileadvisors.com
John Cooper, Director 704.973.3996 john@7mileadvisors.com
Tim Frye, Director 704.973.3994 tim@7mileadvisors.com
Kristina Sergueeva, Director 704.899.5149 kristina@7mileadvisors.com
Ben Garber, Vice President 412.626.7898 ben.garber@7mileadvisors.com
Nicholas Prendergast, Vice President 704.973.3995 nicholas@7mileadvisors.com
Ariail Barker, Director, Sales & Marketing 704.981.2908 ariail@7mileadvisors.com
Emily Halstenberg, Marketing & Sales Coordinator 704.409.9912 emily@7mileadvisors.com
Marty Johnson, Senior Associate 704.973.3999 marty@7mileadvisors.com
Sydney Scadden, Senior Associate 704.973.3998 sydney@7mileadvisors.com
Garth Martin, Senior Associate 704.973.3997 garth.martin@7mileadvisors.com
Steve Buffington, Associate 704.960.1828 steve@7mileadvisors.com
Dennis Fox, Associate 704.706.9168 dennis@7mileadvisors.com
Rory Julyan, Associate 704.981.2520 rory@7mileadvisors.com
Daniel Kim, Associate 704.912.4584 daniel@7mileadvisors.com
Olufunke Abass, Associate 704.285.8171 olufunke@7mileadvisors.com
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