Although entry multiples paid by private equity houses remained stable – albeit at a historically low level – overall lower mid-cap valuations were dragged down by strategic buyers in the third quarter, according to recent research published by Argos Soditic. Greg Gille reports
It could have been worse. Despite an alarming 47% decline volume- and value-wise for mid-cap LBO activity in Q3, the median multiple paid by buyout houses operating in the €15-150m segment remained stable...
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