Middle-market activity booming in France & Benelux
December 04, 2015
3Q PE investment in the France & Benelux middle markets saw record levels of deals completed and capital invested, according to our latest European Middle Market Report. In total, the region recorded 93 transactions and €15.4 billion in capital invested last quarter, year-over-year increases of 48% and 146%, respectively; the numbers were eclipsed only by U.K. & Ireland on a regional basis.
As covered in the report, several key factors have played a role in this surge: the growing willingness of regional lenders to accommodate more flexible loan structures, the ongoing weakness of the French economy creating more targets, and, last but not least, the fairly deep inventory of MM companies in the region. Further, steady growth in the proportion of healthcare and IT deals hints at continued consolidation by PE investors in the MM among fragmented industries.
For more thorough breakdowns of key European regions, along with analysis of prominent trends across the overall middle-market landscape, updated 3Q league tables and much more, click here to get free access to the report. PitchBook Platform users can look over all PE activity in France & Benelux here.