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Leveraged Loans: Purchase Price Multiples On European LBOs Rise

LBOs in Europe are getting more expensive for private equity sponsors. The average purchase price, as a multiple of trailing EBITDA, reached 10x in 2016's first quarter, more than any full-year average, according to S&P Global Market Intelligence LCD.

european LBO purchase price multiple

The multiples paid on these buyouts fall across a wide range. Many of the deals that came to market in the first quarter were bought for an unremarkable multiple, in the 8–9x area, but a good handful of transactions topped 10x — some by a fair margin. - Ruth McGavin

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This story first appeared on www.lcdcomps.com, LCD’s subscription site offering complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.

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