The average EBITDA multiple for European buyouts increased to 10.4x in 2017 compared with 10.2x in 2016, according to the recently released Clearwater Multiples Heatmap Annual Review.
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies