PitchBook： 2025年第二季度欧洲私募股权市场分析报告（英文版）

European PE deal value slowed in Q2 as sponsors worldwide hit the pause button in April, following US President Donald Trump’s tariff announcements. Deal value dropped 10.5% QoQ, but deal count was more resilient, up 3.1% QoQ, thanks to a pickup in activity towards the end of the quarter boosted by European central banks staying on trajectory regarding monetary easing. Given the increased volatility, sponsors continued to target smaller add-on deals, which represented one in every two deals.