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December 2010 - Monthly Briefing

2010 ended much as the year began with a solid flow of transaction activity that was interrupted by a summer of fewer, but very much larger deals. There were 237 acquisitions in the sector in Europe in the month. The combined consideration was $9.9 billion. However, the prime valuation ratios have moved up throughout the year with P/E ratios running at 16.0 compared to 14.1 at the end of 2009. P/S ratios ended the year on 1.1 – up from 1.0.

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