PitchBook Publishes Deal Multiples and Trends Report
March 19, 2014
Drawing from surveys of private equity dealmakers, as well as data from the PitchBook Platform, PitchBook has published its 1Q 2014 Deal Multiples and Trends Report. This report, sponsored by PNC Business Credit, offers a detailed picture of current deal structuring and investment multiples in the private equity industry. Deal-making is examined through several lenses, including EBITDA and TTM revenue multiples, debt-to-equity ratios, closing times and fees.
Some key findings from the report include:
• Debt levels sat at nearly 63% in 4Q 2013, up from 58% in 3Q.
• The median EBITDA multiple in 4Q 2013 was 6.46x.
• The percentage of transactions that incorporate transaction and monitoring fees has fallen over the last two years.