Deals persist in Q2 amid fragile German recovery
Our Q2 2024 Germany Market Snapshot shows private market activity in the country remains relatively robust, despite a 0.1% contraction in GDP and persistent inflationary pressures.
VC deal value slightly increased from Q1, reaching €2.2 billion across 207 deals, though it remains significantly below the Q4 2021 peak. PE deal value, on the other hand, decreased by 9.5% QoQ to €16.5 billion.
Meanwhile, exit value was up 30.6% from the previous quarter, in large part due to Advent International and Aareal Bank’s €3.9 billion exit from software business Aareon.
Table of contents
| Market overview | 2 |
| Commentary | 3 |
| City comparison | 4 |
| Heatmap and scorecard | 5 |
| Macro activity | 6 |
| Equity markets valuations | 7 |
| Private markets | 9 |
| Fund performance | 10 |
| VC deal activity | 11 |
| VC exit activity | 13 |
| VC fundraising activity | 14 |
| PE deal activity | 15 |
| PE exit activity | 17 |
| PE fundraising activity | 18 |
| Corporate acquisition activity | 19 |
| Credit markets | 20 |
