easy · Private Equity

A PE firm acquires a company at 8.0x EBITDA and exits 5 years later at 10.0x EBITDA.

If EBITDA remained flat at $100M and debt was reduced by $200M, which factor was the largest driver of equity value creation?

  1. Multiple Expansion
  2. Organic Revenue Growth
  3. EBITDA Growth
  4. Margin Expansion

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