Take-private transactions surged in 2024, with the total value of European deals involving a majority stake of over $1 billion rising 44% to $52 billion. According to Dealogic, 15 such deals were completed, compared to just 10 the year before, reflecting a renewed appetite among PE firms to acquire undervalued public companies.
Down rounds have become increasingly common in US and European VC fundraising. According to Forbes, approximately 20% of all US VC rounds in 2024 were down rounds – a notable increase from the historical average of around 10%. In Europe, both 2023 and 2024 also experienced a higher percentage of down rounds, even as the overall number of fundraising events dropped.
The Telecom, Media & Technology sector led all M&A activity in EMEA in 2024, with total deal value reaching €194.5 billion, an 11.9% increase year-on-year according to data provided by Datasite. This surge was primarily driven by two key themes: the growing role of AI in strategic acquisitions and the increasing investment in digital infrastructure as businesses look to scale up their technology capabilities.
The global M&A landscape in 2023 and 2024 was subdued; however, 2024 showed pockets of growth, with some countries recording significant increases in deal volume. Canada stood out with a remarkable 59% rise in M&A activity compared to 2023. Conversely, regions such as the Nordics, Benelux, and China experienced lower volumes than the prior year.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.
PE investment has been slow over the last few years, with funds facing challenges in finding exits. The low exit volume has led to longer holding periods, slower fund lifecycles, and limited new capital for investment.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.
The enterprise telecom industry, challenged by shrinking revenues and cloud competition, is now leveraging AI to revive growth. As businesses migrated to cloud platforms like AWS and SAP Hana, telcos lost their traditional role in connectivity, facing margin pressures as enterprises prioritised cost savings; however, AI’s rise offers telcos a strategic resurgence by demanding robust infrastructure.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.
The enterprise telecom industry, challenged by shrinking revenues and cloud competition, is now leveraging AI to revive growth. As businesses migrated to cloud platforms like AWS and SAP Hana, telcos lost their traditional role in connectivity, facing margin pressures as enterprises prioritised cost savings; however, AI’s rise offers telcos a strategic resurgence by demanding robust infrastructure.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.
In November, we touched on a few spin-offs happening in global markets, including two in South Africa.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.
The Financial Services and Markets Act 2023 (FSMA 2023) introduces reforms aimed at enhancing the UK’s capital-raising ecosystem. For mid-market investment banks, these changes simplify the fundraising process, making it easier and more cost-effective for smaller enterprises to access equity and debt markets.
Previously, Aalto Capital explored the “synergy gap,” noOver the past year, Aalto Capital has explored valuation discrepancies between Europe and the United States, focusing on the AIM market. This segment represents mid-market, higher-growth companies, many of which face unique challenges compared to larger, more mature businesses.ting that our research showed strategic buyers don’t always pay higher premiums in IT M&A. While valuation remains a top concern for most founders, it’s equally vital to understand the broader implications of selling to a strategic versus financial buyer.