Buyouts are getting bigger. Or so the latest data from Europe would suggest. The average value of private equity deals in the third quarter was nearly double the previous quarter, according to statistics compiled by the Centre for Management Buy-out Research. The total value of deals in the first nine months of this year, at €30.5bn, is already well above the €18.2bn recorded in the whole of last year. Still, this latest resurgence doesn’t bring the industry back to anywhere near the heady volumes, values and multiples seen during the mid-2000s boom.

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