1、European Private Equity Outlook 2025The balancing act continuesJanuary 2025STUDYCover mbolina/iStockThe European Private Equity Outlook 2025 is the 16th consecutive publication in a series launched by Roland Berger in 2010.This years key messages include Over 90%of the professionals surveyed anticip

2、ate increased M&A activity involving private equity(PE),driven by portfolio exits deferred from recent years and by improved financing conditions,including stabilized interest rates and better debt financing availability.Technology,software&digital solutions and pharma-ceuticals&healthcare remain th

3、e most attractive sectors for PE investments because of their resilience and scalability.Valuation multiples for these industries are expected to rise,while other sectors,such as automotive,may see(further)declines.Small-and mid-cap segments continue to be seen as the most promising asset classes as

4、 they are less debt dependent.The financing outlook for infrastructure investments is likewise positive,while large-cap deals continue to face heavier constraints due to high-volume capital requirements even though they are expected to improve from current conditions in 2025.Digitalization,data anal

5、ytics,add-on acquisitions and commercial excellence are expected to be the most important drivers of value creation going forward.Primary investments and secondary buyouts are expected to be the most important deal sources in 2025.Majority investments are forecast to offer significant value creation

6、 potential.Secondary buyouts will become relevant as many PE exits were postponed in 2024.Secondary buyouts and family-owned company acquisitions are expected to drive deal sourcing.Resilience-focused measures such as investing in stable businesses and add-on acquisitions are seen as effective strat