European median PE buyout EV/EBITDA multiples declined in 2023, to 11.0, versus 2022, but, “through the third quarter of 2024, median EV/EBITDA multiples have rebounded to 12.8x,” according to the “European Private Market Update Q3 2024” from VRC. The report further states: “For the remainder of 2024, higher public market valuations and lower expected borrowing costs should bring higher deal volumes and higher valuations.” The report has a great deal more information and insights into the European private markets.