Report Highlights

Highlights from our 2024 UK M&A Valuation Indices, covering UK M&A transaction multiples for M&A deals completed in 2024.

Despite a slow start, 2024 turned out to be a solid year for the UK M&A market. Whilst not returning to the elevated levels of activity of 2021 and 2022, the year under review saw a 5% increase in deal completions versus 2023. The median Enterprise Value to EBITDA (EV/EBITDA) multiple paid during the year, excluding outliers, was 6.6x in 2024 compared to 6.0x in 2023.

In addition to the MtM All Cap Index (all deals under £250 million), we present five size indices. The Nano-Cap index, which consists of M&A transactions valued at under £2.5m, is designed to be representative of the smallest companies in the UK.

Our provisional data suggests that Nano-Cap multiples remained stable in 2024 versus 2023.

SECTOR-BASED INDICES

The TMT sector index rallied in 2024, following a small decline in 2023 versus 2022.

*see the full report for our definition of outliers.

Request the executive report below. Please contact olga@marktomarket.io to discuss access to the full versions of all MarktoMarket Reports.

For the full list of previous reports visit our reports page.