Module II· Precedent TransactionsBasic
Question
Which data sources do you use to find precedent-transaction multiples?
Answer
IB standard
- S&P Capital IQ: the most comprehensive coverage, deal terms + multiples
- Mergermarket: deal news with multiple information
- Refinitiv Eikon (formerly Thomson): historical depth
- Bloomberg M&A: combines with other Bloomberg data
- PitchBook: strong on PE deals
- DEF 14A / annual reports: deal details for public deals
Middle-market problem
many private transactions with no multiple disclosure → a data problem.
Pitch tip
Always cite the source for each deal — senior MDs check this.