
Unquote Private Equity Podcast: To 12x and beyond
Once again, the Clearwater International Multiples Heatmap reveals that average entry multiples broke new records in Q3, on the back of a still-buoyant M&A market.
Deal-makers shrugged off concerns about inflation, supply chain constraints and rising Covid-19 cases to propel European PE activity to near-record highs.
Looking solely at deals announced in Q3, the average multiple paid in PE-backed deals jumped to 12.4x, versus 11.8x in Q2.
To help us round up the main highlights of the report, Unquote editor Greg Gille spoke to Marcus Archer, managing partner and head of private equity at Clearwater International, while Unquote reporter Harriet Matthews interviewed David Cannon, managing director of KeyBanc Capital Markets, to discuss how US buyers have been fuelling Europe's red-hot M&A. If that wasn't enough, Clearwater partners Per Surland and Nathaniel Cooper spoke to us to share their thoughts on pricing trends for TMT assets.
0:00 – Intro
3:00 – Marcus Archer on macro trends
12:41 – David Cannon on US investors in Europe
19:00 – Per Surland and Nathaniel Cooper on TMT
Click here to download the Q3 Multiples Heatmap report, including detailed breakdowns of pricing and activity trends for Q3 2021 and quarterly pricing movements across the past six quarters.
Theme music: ©2012 Kick Up The Fire
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds