• Private Company Price Index Q1 2017

Private Company Price Index Q1 2017

30 June 2017

We are delighted to attach the latest edition of our Private Company Price Index (PCPI) for Q1 2017.

The PCPI, collects data surrounding Enterprise Value (EV) to EBITDA multiples.  The Index tracks the EV to EBITDA multiples paid by trade and private equity buyers when purchasing UK private companies.

In our PCPI editions, we examine this market data and compare it with historic data to identify key trends, and the current factors impacting current multiples.

The latest edition shows a trend of lower (deal) volumes being executed at continued strong multiple levels.  The Northern Ireland market, not unlike GB, is seeing a lower volume of good quality businesses coming to the market, and, therefore, there is increased competition for such opportunities.

Notable, Northern Ireland transactions in the period included:

  • Ulster Carpets acquisition of GTM;
  • Healthcare Ireland Ltd’s acquisition of Kingsway, Braefield and Slemish Private Nursing Homes;
  • Oasis Healthcare Group Ltd’s acquisition of Dental Excellence Dental Practice and Cranmore Excellent in Dentistry Ltd; and
  • LCC Group Ltd’s acquisition of Cloghan Ltd.

Click download for the Q1 PCPI report.