The “Silver Tsunami” trend has become a key theme in the UK private equity space. Two separate UK industrial services businesses crossed our desk this month with the same profile: founder owners nearing retirement with no family successor, turnover in the £15m to £30m range, and a willingness to step back over three to four years rather than exit the business entirely on completion.
A new category of UK lower mid-market fund has emerged in recent years, focused on sectors where AI can materially improve operations and enhance revenues. These funds describe their targets as “AI-positive” sectors.
Europe’s online pharmacy platforms have spent the last decade building something valuable – large, loyal digital customer bases across multiple markets and channels. The question now is how that value is best realised, and increasingly the answer is in combination.
Europe’s IPO reform agenda has been in motion for more than two years and despite listing requirements being relaxed, growth companies across all sectors continue to choose private capital over raising capital from the public markets.
Software LBO multiples peaked in 2021. The 2021 and 2022 vintages are now reaching their first refinancing events, and the capital structures assumed at the LBO are being tested against what private credit will lend today.
In February, we highlighted a clear shift in the UK warehouse market. Occupiers are increasingly trading up into better quality buildings rather than simply expanding into more space. That trend is now beginning to feed directly into the warehouse fit out and equipment supply chain.
The Nordic M&A market entered 2026 with strong momentum despite an unusually uncertain geopolitical backdrop. EY reports 263 announced Norwegian transactions in Q1 2026, the strongest first quarter on record, signalling that dealmaking remains resilient and structurally supported by consolidation, digital transformation and strategic repositioning.
Investment in the energy transition is shifting from building individual renewable projects to developing larger, integrated businesses. While wind and solar assets remain essential, investors are increasingly focused on companies that can deliver, operate, and improve performance across a portfolio of projects.
Investment in the energy transition is shifting from building individual renewable projects to developing larger, integrated businesses. While wind and solar assets remain essential, investors are increasingly focused on companies that can deliver, operate, and improve performance across a portfolio of projects.
Digital health is undergoing a shift which is driven by advances in artificial intelligence and a repricing of software multiples. For much of the past decade, the sector has been built on SaaS models; recurring revenues, workflow tools, and expanding product offerings.