LMM PE Valuations
Curious what the market sentiment is for the buyer community today. Personally,our fund has been feeling like banked processes are getting an absurd number of bids at wild valuations, for average assets. Feels like pressure to deploy capital is overpowering Investment Committees concern about the macro environment. Thoughts?
What sector are you in — business services?
We are a LMM manufacturing and equipment services / rental team and our assets are getting like upper single digits bids from sponsors
We are generalists. But seeing the gap across a wide range of industries. The equipment rental industry you mention is a perfect example. Historically has traded in the 6-7x range, now HSD.
Running a professional services sell side which honestly is a ShitCo, in its defence has strong roll up potential and a solid predetermined acquisitions list. Winning bid at 7x.
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