European MM Activity Hits €45B in 1Q After Record 2014
June 10, 2015
The middle market—the heart of European private equity—is beating more strongly than ever. 2014 saw over 1,000 completed deals in the space worth a total of €173 billion, both middle-market records.
PitchBook's inaugural European Middle Market Report breaks down the drivers shaping middle-market activity in the continent, analyzing deal flow by industry, region and more. A few key points we address:
The U.K. & Ireland's boom in middle-market investment since 2012
The strength of the core middle market and recent uptick in bigger deals
Nordic numbers, which hint at a turn to the MM given pricing concerns