Private equity cash ensures IFA M&A 'boom' continues

The market report said competition among acquirers had kept valuation multiples at "historically high levels". It explained high quality IFA businesses could command an eight to ten times EBITDA valuation. It also said that while rising interest rates have introduced some pressure, "premium firms with strong compliance frameworks and geographically attractive locations continue to attract top-tier valuations". Heligan Group said private equity backing – which continues to inject capital into consolidators – was fuelling the growth of national IFA firms, "with secondary buyouts and rec...