Private Equity International | Europe’s Mid-market Resilience

Mar 2024

Originally posted by Private Equity International on March 5, 2024.

According to our Valuation & Opinions Group’s proprietary insights, 80% of European companies reported YoY revenue growth in Q4 2023, and 65% underwent YoY EBITDA growth.

European mid-market companies even outperformed the U.S., reporting 12.6% revenue growth and 7.1% EBITDA growth. This compares with U.S. companies’ 7.8% revenue growth and 4.8% EBITDA growth.

Private credit fair value was flat, valuations marginally declined and stressed and distressed credits continued steadily at 2%. Covenant breaches decreased to 3.4% from 3.9%, indicating that issues were addressed by amendments (18% of Lincoln-tracked companies underwent an amendment).

View additional insights in the original article.

Summary

Proprietary insights from Lincoln International's Valuation & Opinions Group were recently featured in Private Equity International.
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I view working with clients as a partnership that is collaborative, insightful and transparent and deliver with the highest level of service, attention and execution.

Smitha Balasubramanian

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Chicago

I enjoy navigating complex scenarios in real time to provide independent and trustworthy valuation advice.

Nick Baldwin

Managing Director

London

I find immense fulfillment in enabling clients to achieve their objectives and navigate the complexities of today's ever-changing landscape.

Chris Croft

Managing Director

New York

Individual board members have different levels of sophistication and I find it my obligation to distill the financial information in sometimes complicated, bet-the-firm transactions into easy to understand presentations.

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Managing Director

Los Angeles

I am committed to delivering ‘high touch’ client service and thoughtful advice, based on an analytical approach grounded in relevant transaction experience.

Michael Fisch

Managing Director

Chicago

I enjoy sharing insights about market and valuation trends with my clients, while also leading a differentiated and high-touch process.

Brian Garfield

Managing Director

New York

I enhance my clients’ decision making and governance processes by providing independent and objective financial advice in a highly responsive manner.

Chris Gregory

Managing Director

Miami

Leading high-performing and engaged teams who share my enthusiasm for supporting client objectives with high quality work is a key motivator for me.

Varun Gupta

Managing Director

Mumbai

I find every day has a new opportunity or situation to solve. I seek to understand my clients’ point of view and how it fits with the market at the time of a valuation.

Neal Hawkins

Managing Director

Chicago

I am passionate about combining my background in capital markets and private credit transactions with sound valuation principles to provide clients with market-leading perspectives and advice.

Robert Horak

Managing Director

Chicago

I enjoy the opportunity to provide clients with insightful and unbiased advice that will help them make the most informed decisions possible.

Ron Kahn

Managing Director

Chicago

I provide senior-level attention and in-depth industry, transaction and valuation expertise to benefit clients in the continuously evolving marketplace.

Lawrence Levine

Managing Director

Chicago

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