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Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012.
Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012.
(Tim Fraser For The Globe and Mail)

Private equity prices are coming down

Even before public investors decided that they weren’t going to pay so much for companies, private equity firms were already paring back what they would put on the table.

The key valuation multiple for private equity deals has been coming down for a year, well before stock markets in general sold off.