Mid-cap valuations still stuck on pre-crisis levels

Mid-cap valuations remain steady despite dip in activity

Activity nosedived in the second half of 2011, but the flight-to-quality phenomenon translated to very little movement on the entry multiples front. Greg Gille reports

The median EBITDA multiple paid in European mid-cap private equity buyouts – here defined as businesses in the €15-150m range – stood at 7.5x in the second half of 2011, according to the recently...

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