欧晰析咨询：2025年私募股权与并购交易市场回顾报告：欧晰析交易活动全景速览（英文版）（20页）.pdf

1、Private Equity&Transactions 2025OC&C deal activity at a glanceuncommon senseTM02|OC&C Private Equity&Transactions 20252025 at a glanceWE ENTERED 2025 WITH CAUTIOUS OPTIMISM AND A MARKET EXPECTING TO SEE A SIGNIFICANT UPTICK IN DEAL FLOW FOLLOWING AN ANAEMIC PERIOD.OC&C Private Equity&Transactions 20

2、25|03DPI had been at its lowest period for decades and LPs were,and continued to be,getting restless as a lack of liquidity was hampering the ability to re-invest in new funds,driving a challenging fundraising environment across the board.That optimism faded somewhat in H1 when the Private Equity gr

3、oundhog came out of its hole and saw the shadow of macro uncertainty(in particular the uncertainty and confusion caused by Liberation Day and the continuously evolving trade environment)and decided to return to hibernation.A small number of very large transactions are doing disproportionate work.Meg

4、a-deals(16 announced in 2025 vs 10 in 2024)have proliferated,materially inflating total announced value despite only modest growth in deal volumes.These alone total 281bn and drive a significant portion of the YoY uplift.The headline numbers show a market that eventually came to order and its easy t

5、o claim a full return to form,as indeed many have,but the recovery has been uneven and more fragile than aggregate numbers suggest.In reality,this uplift is driven by a combination of mega deals and is most evident in announced deals with the path to completion stretching amid continued uncertainty.

6、This value-over-volume dynamic is most pronounced in North America,where headline growth reflects scale rather than breadth,while Europes recovery remains more volume-led.At the same time,a significant share of announced activity remains unconverted:many processes have launched,but closure is slower