All,
I'm looking for data in regards to multiple expansion of exited search acquired businesses. Typically I model no multiple expansion on the base case and 1x upward on the upside case. I've seen others mark this up substantially (2-3x multiple expansion for non-technology businesses) and want to compare these models with actual data.
I reviewed the most recent Stanford Primer but couldn't find data on this topic. Any insight -- with specific successful exit multiple expansions would be helpful. So far I have an n of 1 that is around 1.25x expansion.
Thank you in advance!
Average Multiple Expansion for Search Acquired Businesses?
![](https://55550cf88fb9105859d2-ecc273435fde99d2e690dfef78341117.ssl.cf5.rackcdn.com/img/defaultprofile.png)
by an investor from Washington and Lee University
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Anyone claiming they can realize multiple expansion has a heavy burden of proof to their IC/potential investors. Even my upside cases don't include any.