Global IPO activity showed steady progress in 2024. Although geopolitical volatility still lingers, the foundations are in place for another solid year

Although European IPO markets still trail pre-pandemic levels, they began an upward trajectory in 2024, with an encouraging pipeline of new IPO candidates lined up for 2025.

Global IPO proceeds improved in 2024, but while some IPO markets performed strongly, others faced a challenging year. In 2025, regional markets appear set to drive IPO themes

Strong performance from regional IPO hubs has helped stabilize global IPO markets and lay the foundation for further gains in 2025

The European Commission continues to be a driver of FDI screening across the EU, with Member States now moving toward coordinated enforcement.

Sluggish M&A and IPO markets have put the brakes on private equity exit activity across Europe, but as pressure builds to clear the backlog of unsold portfolio companies, firms are taking innovative approaches to selling businesses

M&A Explorer | The value of European banking M&A hits its highest point in a decade as lenders hunt for growth across the continent

Debt Explorer | While issuance of high yield bonds strengthened across all key global jurisdictions in 2024, the US and Europe still face mounting maturity walls

M&A Explorer | The pro-business agenda of the new US administration looked set to boost outbound M&A into Europe in 2025, but tariff announcements and geopolitical tumult mean that dealmakers are holding fire for now

M&A Explorer | Despite prevailing headwinds in wider M&A markets, take-private deal flow across EMEA sustained robust levels of activity as dealmakers jumped at opportunities to buy listed companies at attractive valuations

M&A Explorer | Investors are ramping up AI-related M&A to secure cutting-edge capabilities and market-beating returns, but high valuations and open-source disruption are forcing a rethink on deal strategy

Debt Explorer | After a period of volatility, Europe’s leveraged finance market is primed for resurgence, with new and exciting opportunities available to lenders and borrowers alike

M&A Explorer | As global supply chains continue to suffer from ill health, M&A offers a path to recovery

With their massive energy needs, data centers will rely on a range of innovative technologies and construction methods

After a challenging period of elevated  rates, Europe's leveraged finance markets are poised for growth in 2025, with stabilising costs, rising competition and renewed opportunities for dealmakers.