EMAT - Epsilon Multiple Analysis Tool™

The Reference Source for Private Company Acquisition Multiples

A major step forward in establishing the “market value” of private companies

The aim is foremost to provide a response to the growing demand from those involved in private company investments, particularly Private Equity funds : the introduction of the IAS-IFRS accounting standards (notably IAS 27) and the recent EVCA guidelines make it clear that private portfolio investments should be appraised regularly on the basis of market value.

• Online access to reports covering all major European small and mid-market M&A and LBO transactions
• Detailed analysis of each transaction : deal context and structure, target business and financials, transaction multiples (calculation, comparison and analysis)
• All information sources are systematically given
• A powerful search facility: date, size, deal type, country and industry sector + key words
• Possibility to compose your own comparable indices, or to access Epsilon’s indices covering 23 major sectors (see "Epsilon Transaction Index")
• Optional access to monitor all transactions not retained for multiple analysis (see "CorpfinDeals")

Referenced Transactions

• Transactions M&A - LBO maj. (including a control premium, giving the acquirer > 50% of the target’s shares)
• Equity Value : €1-500m
• Target in the EC 
• Since 01/01/2004 (deal announced date)
• Transaction value not confidential
• Enough information (deal value and target financials) to be able to calculate at least one significant multiple

      > see the statistics on referenced transactions

A unique valuation tool for :

• Establishing the “market value” of private investments
  • BVCA / EVCA recommendations and increasing investor pressure for regular portfolio valuations
  • For “fair value” valuations, the use of comparable transaction multiples is key
• Valuing portfolio investments / exits
  • Put together a sample of comparable multiples in an instant
  • Use Epsilon’s sector classification, based on the International Classification Benchmark
• View all available deal information to check multiples and ensure they are relevant
  • Standard methodology (consistent financial restatements, multiple calculation)
  • Transparent use of information, relevant data
• Use Epsilon’s research service to:
  • Carry out ad-hoc research on a business sector or specific deal
  • Receive copies of source info used in a report by e-mail
  • Contact our financial analysts regarding specific sectors or reports