Multiples Heatmap Q3 2021: to 12x and beyond

Looking solely at deals announced in Q3, the average multiple
paid in PE-backed deals jumped to 12.4x, versus 11.8x in Q2.


To help us round up the main highlights of the report, Unquote
editor Greg Gille spoke to Marcus Archer, managing partner and
head of private equity at Clearwater International, while Unquote
reporter Harriet Matthews interviewed David Cannon, managing
director of KeyBanc Capital Markets, to discuss how US buyers
have been fuelling Europe's red-hot M&A. If that wasn't
enough, Clearwater partners Per Surland and Nathaniel Cooper
spoke to us to share their thoughts on pricing trends for TMT
assets.


0:00 – Intro


3:00 – Marcus Archer on macro trends


12:41 – David Cannon on US investors in Europe


19:00 – Per Surland and Nathaniel Cooper on TMT


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Click here to download the Q3 Multiples Heatmap report, including
detailed breakdowns of pricing and activity trends for Q3 2021
and quarterly pricing movements across the past six quarters.


Theme music: 2012 Kick Up The Fire