Epsilon Research

📊 Despite geopolitical turmoil, mid-market M&A rebounded strongly in H2 2025 — deal volumes up 30% vs H1. Are we at a market bottom? The Q4 2025 #ArgosIndex® dropped to 8.3× EBITDA, its lowest since 2014. Q1 2026 edition out on May 20 — stay tuned. 🔎 epsilon-research.com/Market/Argos #Valuation #PrivateEquity #MidMarket #CorporateFinance #Eurozone #LBO

📉 The Q3 2025 #ArgosIndex®, carried out by #EpsilonResearch and tracking #Acquisition prices for European #SMEs, drops to 8.7× EBITDA, the lowest level since 2017. 🔍 Full release on epsilon-research.com/Market/Argos #Valuation #Mergers #PrivateEquity #MidMarket #CorporateFinance

The Q1 2023 #ArgosIndex® #midmarket was published by #EpsilonResearch & Argos Wityu: acquisition prices of unlisted European #SMEs continued their slow decline to 9.7x EBITDA, driven by lower activity in the M&A market - Detailed analysis: ow.ly/4OuNm

#TSS2023: Meet the speakers CEO of @researchepsilon Grégoire Buisson will discuss the story of valuation multiples through years and give the main trends and insights. 🗓️ 13 June 2023 📌 Van Der Valk Hotel Charleroi Airport 👉 Register now: transeo-summit.eu/register #Transeo

The Q1 2022 #ArgosIndex® #midmarket was published by #EpsilonResearch & Argos Wityu: acquisition prices of unlisted European #SMEs climbed back to 10.6x EBITDA, buoyed by the multiples paid by #PE funds - Detailed analysis: ow.ly/4OuNm

La commission #Innovation a développé un #partenariat entre la #CRCCParis et @researchepsilon qui vous permet d'accéder à la #basededonnées transactionnelles #EMAT à des prix préférentiels. 📲 Je découvre les offres : bit.ly/32zGc0T ⛔ Réservé aux membres de la #CRCC.

The Q3 2021 #ArgosIndex® #midmarket was published by #EpsilonResearch & Argos Wityu: after a series of record highs over the last 3 quarters, the Index consolidated to 11.0x EBITDA, as prices paid by #PE funds dropped - Detailed analysis: ow.ly/4OuNm #valuation #SMEs

[The #ArgosIndex] The 2020Q3 Argos Index mid-market was published by #EpsilonResearch & Argos Wityu: acquisition prices of #Eurozone SMEs are back to 10.1x EBITDA, almost as high as it was prior to the Covid-19 crisis - See detailed analysis: ow.ly/4OuNm

2020Q1 Argos Index published by #EpsilonResearch & Argos Wityu: acquisition prices of #Eurozone SMEs are down 10% to 9.3x EBITDA, after a record high of 10.3x in Q4. The impact of the Covid-19 crisis is still limited at this stage- See detailed analysis: ow.ly/4OuNm

2019Q3 Argos Index published by #EpsilonResearch & Argos Wityu: acquisition prices of private #Eurozone SMEs still at historic high of 10.1x EBITDA, increasing the gap with listed mid-market companies (multiple of 8.4x EBITDA) - See detailed analysis: ow.ly/4OuNm

2019Q2 Argos Index published by #EpsilonResearch & Argos Wityu: acquisition prices of private #Eurozone SMEs remain stable at a historic high of 10x EBITDA, despite the slowing mid-market M&A activity - See detailed analysis: ow.ly/4OuNm

2019Q1 Argos Index published by #EpsilonResearch & Argos Wityu: acquisition prices of #Eurozone SMEs has stabilized at 10.1x EBITDA, its historical record, pushed by the continued increase in multiples paid by strategic buyers - See detailed analysis: ow.ly/4OuNm

2018Q4 Argos Index published by #EpsilonResearch: acquisition prices of private #Eurozone mid-market companies reached a record high level, at 10.1x EBITDA - See detailed analysis: ow.ly/4OuNm

2018Q3 Argos Index published by #EpsilonResearch: acquisition prices of #Eurozone SMEs stabilized at record high level, at 9.8x EBITDA - See detailed analysis: ow.ly/4OuNm

A l'occasion de la sortie du Baromètre CNCFA EPSILON 2018 de la Transmission de PME...

2018Q2 Argos Index published by #EpsilonResearch: price of private #Eurozone mid-market companies reached a record level at 9.9x EBITDA: ow.ly/4OuNm

2018Q1 Argos Index published by #EpsilonResearch: price of private #Eurozone mid-market companies hit new record level at 9.5x EBITDA: ow.ly/4OuNm

L'Indice Argos Q3 2017, publié par #EpsilonResearch, à la une d'Option Finance: twitter.com/Option_Finance…

Mid-market multiples climb to all-time high realdeals.eu.com/news/2017/11/1… via @Real Deals