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Adam Putz

Senior Financial Writer

Adam writes about M&A at PitchBook. Originally from Minnesota, Adam studied philosophy and journalism before earning a PhD in English from the University of Warwick. He is the author of The Celtic Revival in Shakespeare’s Wake (Palgrave Macmillan, 2013). When he’s not covering the latest deal or financial news out of Europe, Adam likes to write about environmental issues. In his free time, Adam enjoys hiking and canoeing, reading and traveling.

ARTICLES BY CURRENT AUTHOR

Do not pass go: Regulating Big Tech would risk dismantling startup exit routes

The world’s largest tech companies have recently come under increased scrutiny amid antitrust concerns. But breaking up Big Tech could have unpredictable effects on the startups that regulators would be aiming to protect.

The median PE buyout size in consumer products is heading for a decade high

Though PE’s track record in retail has come under some hefty scrutiny of late, financial sponsors have also helped brick-and-mortar operations expand through digital strategies.

Lance Armstrong sets his sights on ‘human optimization’ with new firm

For Lance Armstrong, raising an inaugural venture fund has taken a good bit of grit. We spoke to Armstrong about his VC firm, its team members and their latest investment into the sports and wellness sector.

How edtech is getting smarter

On the back of widespread adoption of app-based services and innovations in consumer-facing tech, education has slowly come under the B2C umbrella—but it’s still lagging relative to other industries.

What is a sovereign wealth fund?

Sovereign wealth funds represent around $8 trillion in assets under management. That’s more than the world’s hedge funds. That’s more than private equity. But how do they manage all that cash?
KKR

Q&A: Industrials head Pete Stavros unpacks KKR’s equity sharing model

“Feel good” and “positive empathy” probably aren’t the first things you think of when you think of PE and manufacturing. KKR’s industrials team is out to change how buyout shops grow their investments and treat their employees.

A visual summary of M&A activity in 3Q 2018

Financial sponsors represented some 35% of all completed M&A deals for the quarter, but that’s just one of the striking data points captured in our latest quarterly datagraphic on M&A activity.

Big Blue dons Red Hat in $34B deal

IBM’s deal for Red Hat represents a roughly 10x multiple on the company’s predicted revenue for next year. With that hefty figure, Big Blue’s following the SaaS-quisition crowd.

How to achieve sound valuations in mergers and acquisitions

Warren Buffett once said that price is what you pay, and value is what you get. For the latest in PitchBook’s M&A 101 series, we try to get to the bottom of the valuations process.

Following Canada’s lead, legal cannabis set to take off on a global scale

With Canada legalising recreational marijuana, the coming year could cement the global emergence of cannabis. We spoke with Bruce Linton, CEO of Canopy Growth, about his industry’s future.

USMCA, strong domestic market to fill deal pipeline in the coming year

With mounting anxiety around rising interest rates and trade tensions with China weighing down markets, we caught up with EY’s Bill Casey to discuss why dealmakers remain so confident.

DOJ joins SEC in probing Tesla as Elon Musk’s woes deepen

If a budding rivalry with Lucid Motors weren’t enough, the US Department of Justice is now investigating Elon Musk’s assertion that Tesla had "[f]unding secured” to go private.

How vertical farming aims to eliminate food deserts from urban landscapes

Food deserts affect more than 20 million people in the US, predominantly in urban areas. But rapidly maturing agtech solutions like vertical farming are starting to chip away at the problem.

Charting Marketo’s journey from private to public

Adobe has agreed to acquire Marketo from private equity firm Vista Equity Partners in a $4.75 billion exit. That’s a massive return for Vista, which took the company private for $1.8 billion in 2016.

FoodShot launches investment vehicle to improve agtech and food systems

The future of farming has a tough row to hoe ahead of it as the global population approaches 10 billion by 2050. But newly launched investment platform FoodShot Global and its partners are ready.

M&A flashback: Instagram joins Facebook in $1B deal

When Facebook acquired Instagram six years ago, the social media giant had only just gotten a handle on mobile after struggling to translate its sprawling empire of “likes” from the desktop. This landmark deal changed everything.

Coinbase continues M&A streak with Distributed Systems deal

Coinbase’s acquisition of the digital identity startup is the latest move in the attempt by cryptocurrency’s first unicorn to diversify its platform through a boost in M&A activity.

Things fall apart: High-profile M&A deals fold under pressure

Dealmaking activity thus far this year has reflected an uptick in the number of meaty deals to close. But a number of high-profile transactions have started to come undone.

How Trump’s trade war with China will hit VC, PE and M&A

President Trump’s aggressive economic nationalism is deepening the trade rift with China. Amid all these cross-currents, here are the top-of-mind impacts, according to PitchBook’s news team.
M&A

Following Apple’s winding road to $1T

For a brief but brilliant moment on August 2, Apple became the first publicly traded US company to achieve a market cap of $1 trillion. How did we get here?

The battle over workplace collaboration just went from cold war to red hot

Amid the massive selloff in its stock Thursday, Facebook announced the acquisition of email and messaging platform Redkix. Later that day, Slack struck a similar deal for Atlassian’s collaboration products.

A visual summary of M&A activity in 2Q 2018

With the second quarter of 2018 come and gone, we can examine some of the significant M&A trends that have developed in North America and Europe.

Grubhub gets $2.5B boost thanks to stellar earnings, LevelUp takeover

Investors piled into Grubhub on Wednesday, driving shares of the food delivery company up nearly 25%. But that’s only part of the story. Grubhub will also acquire VC-backed LevelUp for $390 million.
M&A

M&A 101: The role of due diligence in mergers and acquisitions

Our fourth installment of PitchBook’s M&A 101 series investigates due diligence and its role in preparing a company for a successful sales process.

M&A binge could steady subscriber growth for Netflix

After a miss on Monday’s earnings report, the streaming giant’s stock stumbled over a cliff in after-hours trading, falling by some 14%. It trimmed that loss to 5% Tuesday. But what gives?
M&A

Canopy Growth’s acquisition of Tokyo Smoke signals consolidation for Canadian cannabis

Canopy’s $205 million deal for Hiku highlights how rapidly the cannabis sector is consolidating in anticipation of legal recreational marijuana sales in Canada as the Cannabis Act takes effect later this year.
M&A

PitchBook’s M&A 101 series

For the first four installments of our M&A 101 series, PitchBook financial writer Adam Putz spoke with industry experts about different M&A transaction types, investment banking and due diligence.