Resource
Private Equity Market Study — 11th Edition
September 20, 2024
Latham & Watkins has produced the 11th edition of its annual survey of European private equity transactions.
Analysing data from more than 310 European deals between July 2022 and June 2024, Latham & Watkins’ 11th edition of its annual European Private Equity Market Study provides insights into the trends and developments shaping the market.
We are Europe’s leading law firm for private equity deals, having advised on more transactions than any other firm this year,In H1 2024, Latham ranked #1 for Europe Private Equity by Deal Value and Count, according to LSEG and Bloomberg. and so the survey provides an unmatched representation of the state of the market.
Examples of trends and developments include:
- Focus on dynamic equity terms continues, including approach to compulsory transfer provisions, leavers and vesting, and sweet equity.
- Locked box mechanisms remained popular among PE buyers and sellers — compared to corporate buyers and sellers.
- The use of earnouts varies between sectors. Earnouts feature most prominently in healthcare and life sciences deals.
- Foreign direct investment (FDI) approval conditions continue to feature in dealmaking.
- The downward trend for liability caps on commercial warranty claims continues.
- Escrows remain uncommon across all jurisdictions.
Presentation
We would be delighted to present our findings to your team and discuss how market trends could impact your approach to deals.
Endnotes
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