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Q1 2024
European PE Breakdown
April 16, 2024
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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
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 |