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Private equity firms pay record multiples for European targets

Buyout firms are sitting on huge piles of dry powder and competing fiercely for the best deals

Private equity firms pay record multiples for European targets

Private equity firms are paying more to acquire companies in Europe than ever before, writes William Louch for FN's sister publication Private Equity News.

According to the Fitch Ratings, buyout firms paid an average of 11.6-times earnings before interest, taxes, depreciation and amortisation for European targets in the first half of 2017.

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