European PE deal flow got off to a strong start in 1Q 2017. The value of PE deals completed totaled only slightly less than the figure from the previous quarter, which while a decrease from 2015 levels is strong when compared against historical numbers. Tech deals have become a growing part of the European industry, too. Last quarter saw more than 20% of completed transactions involve a tech company, well above levels we have tracked in the past decade.
The PitchBook 1Q 2017 European PE Breakdown lays out datasets covering deal flow, exits and fundraising from across Europe, with a special highlight of activity within the UK.
- With more than €82.5 billion in deal value comes in only slightly behind the total invested during the same period last year.
- Fundraising has continued its frenzied pace as PE firms amassed €18.7 billion in commitments across 30 vehicles in 1Q, setting the year on pace to beat last year's €72 billion total.
- UK deal flow has largely mirrored that of the rest of the continent since Brexit, even picking up during the first quarter. In fact, the last two quarterly totals are each more than the amounts seen leading up to and immediately after the referendum.