Examining financial and operating metrics offers valuable insights into private equity markets and how strategies are executed by private equity managers.
Derived from the data of more than 16,500 global portfolio company investments acquired by private equity firms from 2000 to 2023, this annual report provides a comprehensive analysis of our observations on key metrics including purchase price multiples, leverage multiples, revenue growth, earnings (EBITDA growth), and earnings (EBITDA) margins. It allows for a comparison between private and public companies across time, industry sector, and company size. Within the report, there are dedicated Europe and Asia analyses as well as regional comparisons. We have also included analyses of realized private equity investments, assessing revenue and EBITDA growth, and changes in leverage and valuations during PE ownership.