Argos Index® Mid-market 1st-quarter 2024
Argos Wityu, the independent European investment fund, and Epsilon Research, the online platform for the management of unlisted M&A transactions, have today published the Argos Index® Mid-market for the 1st quarter of 2024. Launched in 2006, this index tracks the valuations of private, eurozone mid-market companies in which a majority stake has been acquired during the last six months.
Argos Index® 1st Quarter 2024
The Argos Index® is slightly down at 8.9x EBITDA in Q1 2024, continuing
a 2.5 years decline since its Q2 2021 peak. It is its lowest level since 2017,
close to its 20 years average. The Argos Index® was driven this quarter by
the decreasing prices paid by investment funds (down to 9.1x EBITDA),
that gradually converge with those paid by strategic buyers (stable at 8.7x
EBITDA).
Argos Index® 2024 年第 1 四半期
2024年第1四半期のArgos Index®は、わずかに下落して8.9x EBITDAとなっ
た。2021年第2四半期に最高値に達して以降、2年半にわたる下落が継続して
いる。Indexは2017年以来最低の水準にあり、過去20年間の平均値に近づいて
いる。当四半期のArgos Index®には、投資ファンドの支払価格の落ち込み（9.1x
EBITDAに下落）が反映されており、投資ファンドの支払価格とストラテジックバ イヤーの支払価格（8.7x EBITDAで安定）の差が徐々に縮まりつつある。
