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Private M&A Market Study — 10th Edition

September 26, 2023
Latham & Watkins has produced the 10th edition of its annual survey of European private M&A transactions.

Analysing data from more than 340 European deals signing or closing between July 2021 and June 2023 (inclusive), Latham’s 10th edition of its annual European Private M&A Study provides insights into the trends and developments shaping the overall market.

Given Latham’s role as Europe’s leading law firm for M&A, the deals surveyed provide an excellent representation of the private M&A market.

Examples of trends and developments include:

  • Locked box mechanisms increasing, with their usage favoured amongst PE buyers and sellers
  • Popularity of earnouts rising, with variance between sectors
  • Escrows remain uncommon across jurisdictions
  • Foreign direct investment approval conditions growing
  • Changing caps for commercial warranty claims, W&I insurance usage increasing after plateauing in previous years

Presentation

We would be delighted to present our findings to your team and discuss how market trends could impact your approach to deal negotiations.

Endnotes

    This publication is produced by Latham & Watkins as a news reporting service to clients and other friends. The information contained in this publication should not be construed as legal advice. Should further analysis or explanation of the subject matter be required, please contact the lawyer with whom you normally consult. The invitation to contact is not a solicitation for legal work under the laws of any jurisdiction in which Latham lawyers are not authorized to practice. See our Attorney Advertising and Terms of Use.