The Pulse of Private Equity – 6/13/2016

Core-middle-market buyout multiples slide in Q1 2016

Between the end of 2015 and the first quarter of 2016, median buyout multiples for the central middle market slid considerably. Calculating multiples by enterprise value over EBITDA, and then breaking them down by enterprise values from $25 million to $250 million, reveals a decline from 8.6x in Q4 2015 to 6.5x in Q1 across that core segment of the middle market.