Private equity multiples are at their highest for six years according to new data from accountants and business advisors BDO Stoy Hayward. The Private Equity Price Index (PEPI) which tracks the price earnings ratio of deals involving a private equity buyer has reached a six year high of 17.6. This is compared to 2002 – shortly after the fall-out from the dot com period - when the PEPI was at a six year low of 8.6.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate