The Pulse of Private Equity – 6/28/2021

A snapshot of global buyout multiples

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PitchBook’s latest analyst note, released tomorrow, takes a close look at buyout multiples across the IT, healthcare and consumer spaces. The pandemic had material and divergent impacts on IT and consumer—the 2020 median multiple for IT rose to 20.1x, up almost five turns from 2019’s median of 15.3x. IT buyouts are almost twice as expensive as they were in 2012, when the median multiple was 10.3x.