Private Company Price Index (PCPI)
03 November 2021
PCPI Q3 2021: Soaring deal volumes in Q3 confirm market recovery
In Q3 deal volumes surged once again, with 725 completions in the quarter, up from 592 in Q2, representing a rise of 22.5%. Deal volumes during the first three quarters were up by 69% compared to the same period in 2020.
The increase was reflected equally across trade and private equity activity, with trade volumes increasing by 22.7%, and private equity transactions increasing by 21.2%. There was also a rise in the number of big-ticket deals completed by private equity.
With deal volumes in the first three quarters of 2021 already exceeding the total for 2020, we can expect the full year result to be one of the strongest seen for years.
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PCPI blog: Why Insurance M&A remains buoyant despite global turmoil and uncertainty
The general M&A market has proven to be highly resilient over recent months as deal volumes and pricing multiples in many sectors have returned to pre-pandemic levels. The continuing strength of the M&A market has been particularly evident when looking at the insurance sector and specifically the intermediary market of brokers, Managing General Agents (“MGA’s) and other distributors.
M&A Director, Adam Whistance, discusses why the insurance market remains resilient and the opportunity for Insurtech.
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Each quarter we collect data surrounding Enterprise Value (EV) to Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) multiples. The Index tracks the EV to EBITDA multiples paid by trade and private equity buyers when purchasing UK private companies.
We examine this market data and compare it with historic data to identify key trends. We draw on our long experience of running the PCPI and our sector-specific expertise to predict future market trends.
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