US Buyout Deal Multiples Matched 2021 Levels in 2025
In 2025, the median enterprise-value-to-EBITDA multiple for US buyout deals reached a record high of 12.5x, matching levels seen during the peak year of 2021 according to StepStone Group and PitchBook data. Large acquisitions saw even higher multiples at 16x due to increased equity contributions from private equity sponsors.
Topics: buyout deals debt financing private equity valuation multiples