France Private Capital Breakdown

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French private markets defy downturn 

France's private markets and its overall economy have shown great resilience in 2023, with private equity deal value increasing by 43.9% compared to the end of last year. Venture capital in the country also displays promising signs.  

Our 2023 France Private Capital Breakdown reveals the country was home to two of the three PE megadeals to occur in Europe this year. Furthermore, Paris continues to defend its second-place position as a top VC hub in Europe with strong deal value. Other highlights include: 

• PE exit value hit a quarterly record in Q1 this year, reaching €21.3 billion across 69 exits. 
• PE/VC fundraising remained difficult, with only a single fund closed for each in Q1. 
• VC deal value reached €2.5 billion in Q1, a 40.1% increase from the end of last year. 
• VC exits have been hurt by a dearth of public listings, with acquisitions accounting for 80% of activity.