Mid-Market
The mid-market is the deal segment for mid-sized companies. In the DACH region that typically means enterprise values of 5 to 250 million euros.
The mid-market sits between small-cap (enterprise value below 5 million euros) and large-cap (above 250 million euros). DACH practice often splits it further: lower mid-market at 5 to 50 million euros, upper mid-market at 50 to 250 million. Buyers here are industrial buyers, private-equity funds, family offices, and the occasional private investor building a platform.
The tool is not confined to that mid-market band. Size classes run from micro to large, up to about 1 billion euros of enterprise value. The bands are not copied from a deal database. They come from Damodaran's listed-company multiple for the sector and a DACH discount we derive.