The Competitiveness of Private Equity Companies

I would say the most common is to be in the range of 10 to 20. But you can find companies in therange of 30 to 40 as well. And who how competitive is the bidding process for these companies? Polleter, for example. I mean, they are in the range and not at the top of the range. So I'm still surprised that the competition isn't that fierce as you could expect. If we look at the two latest platforms acquisition we are done. That's actually both in Finland. The Rethko was outside an auction process.