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Q1 2024
European PE Breakdown
April 16, 2024
This report was reuploaded on June 20, 2024, to update a data point on pages 11 and 13.
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European PE makes a slow start to 2024
PE dealmaking in Europe declined in the first three months of the year as investors largely eschewed mega-deals in favor of smaller add-ons. Our Q1 2024 European PE Breakdown illustrates how overall deal value declined 37.2% from Q4 and 19.6% year-over-year. Exit activity was similarly lackluster.
Nevertheless, the region had a record quarter for fundraising. A handful of final closes for mega-funds buoyed the total. Among them was EQT’s 10th flagship vehicle with €22 billion (about $23.36 billion)—accounting for more than a third of all Europe PE capital raised in Q1.
Table of contents
Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.
European PE makes a slow start to 2024
PE dealmaking in Europe declined in the first three months of the year as investors largely eschewed mega-deals in favor of smaller add-ons. Our Q1 2024 European PE Breakdown illustrates how overall deal value declined 37.2% from Q4 and 19.6% year-over-year. Exit activity was similarly lackluster.
Nevertheless, the region had a record quarter for fundraising. A handful of final closes for mega-funds buoyed the total. Among them was EQT’s 10th flagship vehicle with €22 billion (about $23.36 billion)—accounting for more than a third of all Europe PE capital raised in Q1.
Table of contents
| Introduction | 3 |
| Deals | 4 |
| Spotlight: Rise in PE deals in European nonbacked companies | 7 |
| Exits | 8 |
| Fundraising | 11 |