1、Headline not higher!European Private EquityOutlook 2024Positive momentum in the airMarch 2024STUDYCover Radka Danailova/iStockThe European Private Equity Outlook 2024 is the 15th consecutive publication in a series launched by Roland Berger in 2010.This years key messages include In 2024,65%of respo

2、ndents anticipate a higher volume of M&A transactions involving private equity(PE).A significant change in sentiment compared to 2023.This expectation is primarily driven by the anticipated easing of financing conditions and the perception of greater investment opportunities Technology,software&digi

3、tal solutions and pharma&healthcare remain the most attractive target industries in 2024 for M&A transactions with PE involvement The availability of debt financing and the overall economic situation are expected to have a major impact on PE transactions in 2024.The small-and mid-cap segments are co

4、nsidered the most promising asset classes in 2024,being less dependent on large amounts of debt financing.Furthermore,debt financing for private equity investments in infrastructure is expected to be favorable in 2024 Over 75%of PE professionals believe that current valuation multiples are overvalue

5、d,a perspective that has remained largely consistent with last years views.However,technology,software&digital solutions,pharma&healthcare,and infrastructure are likely to continue(very)high valuation multiples Primary investments and secondary buyouts are expected to be the most important deal sour

6、ces in 2024.Majority investments are forecast to offer significant value creation potential.Secondary buyouts will become relevant as many PE exits were postponed in 2023 Development of portfolio companies and continuation funds are set to be a key focus of PE activity in 2024,while respondents expe