Mid-market Argos Index® Q4 2022
Acquisition prices of European SMEs down slightly to 9.9x EBITDA, signalling the start of an anticipated decline. Argos, the independent European investment fund, and Epsilon Research, the online platform for the management of non-quoted M&A transactions, today published the Argos Index® Mid-market for the fourth quarter of 2022. This index, launched in 2006, tracks the valuations of eurozone private, mid-market companies in which a majority stake has been acquired during the last six months.
Argos Index® 4th Quarter 2022
The Argos Index® has started to decline in Q4 at 9.9x EBITDA: it is now below 10x for the first time since Q2 2020. Multiples paid by both private equity funds and strategic buyers have shown a limited erosion.
Argos Index® 2022年第4四半期
Argos Index®は第4四半期に下落し始め、2020年第2四半期以来初めて10x EBITDAを下回る9.9x EBITDAとなった。プライベートエクイティファンドとストラテジックバイヤーの支払価格のマルチプルは共に、限定的な下落を示した。
