Deal Multiples

Entry multiples for mid-market buyouts are more appealing than those of larger deals, PitchBook analysis shows.

Not everyone is thrilled about the highly anticipated rate cut.

GPs are poised to capitalize on valuation declines, robust fundraising and a sharp increase in startups’ demand for capital in 2022.

Recent news about the yield inversion will probably have an effect on investor psyche. But answers from our last dealmakers survey paint a more optimistic picture.

INSIGHT2PROFIT, a due diligence firm that advises on pricing, has partnered with PitchBook to release Dealmaking In-Depth, an analysis of the highly competitive M&A landscape.

PitchBook’s latest Global PE Deal Multiples Report reviews key trends in transaction multiples, dealmakers’ sentiment, fees and more across the entire private equity landscape.

Since 2009, deal multiples have consistently ticked up from a low of just 6.4x in the wake of the financial crisis to a staggering 10.6x projected for this year. Add cleaner accounting to the list of reasons why.

The US Federal Reserve announced Wednesday that it was taking the next step towards policy normalization by starting “quantitative tightening” in October. Here’s a quick look at the impact on private markets.

According to our last Deal Terms Survey, respondents don’t think multiples are unreasonable, despite market sentiment.

Here are 11 key charts from our 2Q 2017 US PE Breakdown, including the latest data on EBITDA multiples, exit value and fundraising success.

Global buyout activity has gradually surpassed median EBITDA levels in recent years. Creeping up to 10.2x on the eve of the financial crisis, LBO valuations have oscillated mostly in the range of...

The Global PE Deal Multiples Report is the culmination of quarterly surveys with PE dealmakers that provides insights into the current investment landscape

PitchBook has released its latest Deal Multiples report, based on survey data of hundreds of private equity dealmakers worldwide as well as PitchBook transaction metrics.

Our 3Q US PE Breakdown covers all aspects of the private equity industry with rich data and thoughtful analysis, but not everyone has the time to dive into a 17-page publication. For quick highlights, feel free to browse the following charts.

Based on PitchBook and aggregated survey data, average debt levels in 2Q were much higher for transactions with smaller companies than they were for their larger counterparts.

A median EV-to-EBITDA multiple of 6.13x at the sub-$25 million EV range in 2Q 2016 is nearly a turn higher than what was recorded in the first quarter of the year.

PitchBook has released its latest Deal Multiples report, based on survey data of hundreds of private equity dealmakers worldwide as well as PitchBook transaction metrics.

Between the end of 2015 and the first quarter of 2016, median buyout multiples for the U.S. central middle market slid considerably, dropping from from 8.6x to 6.5x across that core segment of the middle market.