1、State of Private Equity(PE)Report Europe 2024 ReviewMarch 20252|State of PE Report Europe|20242|State of PE Report Europe|20243State of PE Report Europe|2024|Table of contentsForeword 4Executive summary 5Update on European PE landscape 6Investment landscape 7Holding periods 10Exits 10Valuation gap 1

2、1Special topic:Trump 2.0,geopolitics and the impact on PE 12Interviews 14Jan Kallmorgen,Partner,EY Strategy&Transactions GmbH 15Peter Witte,Director,EY Global Private Equity Lead Analyst 16Regional deep dives 18Belgium,Netherlands,Luxembourg(BeNeLux)19Central and Eastern Europe(CEE)20Germany,Austria

3、,Switzerland(DACH)21France 22Spain and Portugal(Iberia)23Italy 24Nordics 25United Kingdom and Ireland(UK&I)26Contributors and contacts 273State of PE Report Europe|2024|4|State of PE Report Europe|2024ForewordDear reader,Over the past couple of years,the European private equity(PE)landscape has been

4、 in constant flux.In 2024,as our report details,the European PE landscape experienced a very welcome resurgence,with deal activity rebounding after a period of relative quiet.This momentum,however,is unfolding against a backdrop of complex macroeconomic and geopolitical forces,demanding a nuanced an

5、d adaptable approach.In Europe,we are seeing the first increase in deal activity since 2021.The UK and Ireland(UK&I)led the charge with an impressive 23%surge in activity.Our CEO Outlook Survey further reinforces this optimism,with an overwhelming 99%of European CEOs planning to pursue transactions

6、in the approaching year.While this positive trend encompassed most of Europe,France and Iberia presented a contrasting picture,experiencing declines after their 2021 peaks.Overall,the resurgence is not without its caveats and our optimism for 2025 remains cautious,given the need for ongoing agility