Private Company Price Index (PCPI)

A quarterly PCPI publication from BDO.

18 February 2025

PCPI Q4 2024

Year-on-year M&A volumes strengthened in 2024, as many entrepreneurs plan to exit UK

2024 deal volumes reached a long-term peak, with over 3000 completions and valuations remaining resilient, in alignment with long term averages.

What’s on the horizon for 2025?

Our latest report summarises M&A activity throughout 2024, examining the factors contributing to growth in activity levels, why valuations are steady and the outlook for 2025.

PCPI blog: Industrial automation: an investment hotspot

The Industrial Automation sector is experiencing a significant surge in M&A activity, with market drivers creating a strong case for investment.

Our latest blog explores the various factors propelling the industry’s success and how manufacturers are overcoming adoption challenges. We assess the reasons behind surging global deal volumes and robust valuations, and how the sector is gearing up for continued growth.

About PCPI

Each quarter we collect data surrounding Enterprise Value (EV) to Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) multiples. The Index tracks the EV to EBITDA multiples paid by trade and private equity buyers when purchasing UK private companies.

We examine this market data and compare it with historic data to identify key trends. We draw on our long experience of running the PCPI and our sector-specific expertise to predict future market trends.

Key Contact

Roger Buckley

Roger Buckley

Deal Advisory Partner - M&A
View bio

Download report

Please refer to the Introduction to our Privacy Statement and the Contacts section, which tell you what we do with your personal information, your rights and other relevant information.