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Valuation

National Grid – Precedent Transactions

Precedent TransactionsDeal MultiplesImplied Valuation

Executive Summary

Constructed a precedent transactions framework to evaluate implied valuation ranges, deal multiples, and strategic comparability in the context of infrastructure and utility sector transactions.

Objective

To establish a transaction-based valuation reference point that reflects control premiums and strategic value in the infrastructure sector.

Approach

  • Identified relevant precedent transactions in the infrastructure and utilities sector
  • Compiled deal multiples and transaction characteristics
  • Analysed deal rationale and strategic context
  • Assessed implied valuation range and control premium observations

Key Outputs

  • Precedent transactions analysis
  • Deal multiple summary and comparison
  • Strategic rationale assessment
  • Implied valuation range

Commercial Insight

Precedent transactions capture control premiums and strategic value that trading multiples may not reflect. However, deal-specific factors and market timing can significantly influence transaction multiples.

Tools & Methods

ExcelDeal DatabasesAnnual ReportsTransaction Research

Full materials available upon request.

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