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.


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