European PE deal multiples declined to 9.9x in the first quarter of 2018, according to the recently released Clearwater Multiples Heatmap Q1 2018 Update, the first time the average multiple has fallen to single digits since Q1 2016.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin