Peak value? Murray Devine Private Equity Valuation Report 1H 2017
August 16, 2017
Murray Devine, a leading national valuation advisory firm, today published its inaugural Private Equity Valuations Report, examining trends in PE deal volume and valuation multiples for the first six months of 2017.
Analyzing data provided by PitchBook, Murray Devine's report confirms that deal volume and valuations are beginning to diverge, with the pace of PE investment activity slowing year over year, while valuations have climbed to a 10-year high. This is a tendency more common near the end of a market cycle, when sponsors typically target high-quality assets with defensible market positions while lower-quality businesses may fail to trade hands due to mismatched buyer and seller expectations. Get the free report here.