IPEM Private Equity Pan-European Survey 2024

Despite the presence of significant market challenges and rising political risk, will 2024 be a good year for dealmaking? In this report, Criticaleye Partner AlixPartners explores how European private equity is taking the opportunity to return to the fundamentals of investor returns while also reimagining how the PE business model operates to get deals done.

Key Takeaways:

• There is growing optimism that exit deals can be done in 2024 — a priority focus area for the whole PE industry. Overall, 56 percent of General Partners see more exit opportunities in the next 12 months, with alternative liquidity and continuation vehicles on the table.
• Buyouts are once again expected to be less reliant on leverage, albeit elevated from the very low levels seen in 2023; 66 percent of buyout funds also expect more equity to be involved in transactions this year.
• 54 percent of firms cite organic revenue and margin growth as a priority for generating value in 2024, while 51 percent are looking at organisational efficiency within their operating models.