The Pulse of Private Equity – 10/10/2016

Sustained High Multiples Contributing to Deal Values in the US Lower Middle Market

In a recent Lead Left column, we observed that median enterprise value/EBITDA buyout multiples for businesses with EVs of under $25 million were quite high, at 6.13x in 2Q 2016. Coupling that with yearly deal flow figures for the US lower middle market—defined herein