Q2 2019 saw a 2% decrease in the last 12 months average multiple for PE-backed transactions across Europe when compared to Q1 2019, but at a consistent level to multiples seen in the same quarter in 2018.
The Nordic region has seen record levels of capital deployment from international PE firms this year, but creating a strong angle through specialisation is imperative to compete with the local players says Clearwater International Denmark Managing Partner John Jensen.
Dealflow in the industrials space is cooling, but pricing remains robust due to a flight to quality. Constantine Biller, International Head of Industrials and Chemicals at Clearwater International, talks to Unquote about trends in one of Europe’s core sectors.
The Clearwater International team’s advice on deal strategy, from tailoring a process that worked for us through to negotiations with bidders and potential bidders, was invaluable to realising the right outcome for the shareholders with the right partner for our business. The team were not afraid to provide appropriate challenges when required and were completely committed throughout, managing multiple complex work streams across Europe, the UK and the US, to realise this completion. It certainly helped that we also enjoyed working with the team!
David Stanhope, CEO, Centriq Group