Clearwater International Multiples Heatmap Q1 2021

28 May 2021

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Unquote is pleased to present the Clearwater International Multiples Heatmap, published in association with Clearwater International. The report identifies key themes driving European Private Equity (PE) deals’ EV/EBITDA multiples on a quarterly basis.
 
In this issue:
  • European overview: A renewed sense of confidence in the European PE market is reflected in a steady increase in valuations over the course of the year. Deal multiples saw four consecutive quarterly increases to reach 11.5x in the first quarter of the year – a new high.
  • Spotlight on the Nordic region: The Nordic PE market continued to see record levels of deal value in Q1, with valuations soaring even higher as the pandemic-driven uncertainty is giving way to optimism in many sectors.
  • Healthcare sector focus: Reinvigorated by the massive boost in financing and attention received with the spread of the pandemic, the healthcare sector saw multiple valuations pick up in Q1 2021 and hit a record high of 13.7x.