
Mapping out value with the Multiples Heatmap

As entry multiples continue to rise, an exclusive report produced by Clearwater International and unquote" uncovers the regions and sectors offering the best value, by looking back at prices paid by private equity over the last 18 months.
Where are the value opportunities across Europe at the moment? In which countries and in which sectors should investors be looking?
Clearwater International and unquote" can now offer some of the answers to industry participants, having identified where the highest multiples have been paid across regions and sectors, the direction of those multiples over time, and what trends can be unearthed as a result.
The Multiples Heatmap data is based on a sample of 329 European private-equity-backed buyouts completed between January 2014 and June 2015, and represents more than 40% of the total buyout market in that time.
The multiples calculated are based on the ratio of enterprise value (EV) to EBITDA. Profit figures come from a variety of sources, including the lead backers, government agencies and other reputable publicly available sources, as well as from intelligence held by the Clearwater International network.
Although entry multiple tracking has become more commonplace in recent years, the Multiples Heatmap allows private equity professionals and their advisers to truly map out the market by comparing European countries and industry sectors.
Download the full results of the study here
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