{"id":4993,"date":"2025-01-04T16:08:04","date_gmt":"2025-01-04T15:08:04","guid":{"rendered":"https:\/\/bcch.com\/?p=4993"},"modified":"2025-02-10T16:50:53","modified_gmt":"2025-02-10T15:50:53","slug":"cee-emerging-europe-ma-report-2024-24-from-cms","status":"publish","type":"post","link":"https:\/\/bcch.com\/?p=4993","title":{"rendered":"CEE Emerging Europe MA Report 2024-24 from CMS"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; theme_builder_area=&#8221;post_content&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p><strong>Emerging Europe deal activity rebounds, reaching highest levels since 2018<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>Key points:<\/p>\n<ul>\n<li>Dealmaking in the CEE region is increasingly buoyant.<\/li>\n<li>Transaction volume was up last year, and market conditions show potential for more deals to be done.<\/li>\n<li>The International Monetary Fund forecasts that European emerging market economies are anticipated to grow by 3.1% in 2025, compared with 1.4% in Europe\u2019s advanced economies.<\/li>\n<li>Emerging Europe to benefit from sustained growth, a robust financial ecosystem, and an increasingly digitalised economy.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Findings from the CMS Emerging Europe M&amp;A 2024\/25 report, published today in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deal market as activity rose to the highest levels since 2018. Market confidence has been bolstered by improving economic conditions and a greater sense of stability as inflation continues to subside, and central banks cautiously anticipate further interest rate cuts.<\/p>\n<p>&nbsp;<\/p>\n<p>The report shows that deal flow in Emerging Europe increased by 8% compared with 2023, with 1,281 deals announced in 2024. However, despite higher deal volume, aggregate deal value fell by 30.9% to EUR 25.72bn. Values were impacted by the relative absence of \u201cmegadeals\u201d valued at EUR 1bn or more. In 2024, there was a shift towards small and mid-market deals. Average deal value fell to EUR 20.1m in 2024 compared with EUR 31.4m in 2023.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Cross border investment<\/strong><\/p>\n<p>Cross border deals remained strong with activity increasing to 776 deals, 31 higher than the previous year. Standout performers for M&amp;A included the United States, which retained its top position by deal count (102), and the UK, which ranked as the second most active foreign investor (68) despite deal volume decreasing. Aggregate deal value reduced from EUR 35.5bn to EUR 23.3bn, with Luxembourg ranking in first place by deal value (EUR 2.01bn).<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Country hotspots<\/strong><\/p>\n<p>Poland maintained its position as a major M&amp;A market (269 deals at EUR 5.77bn) and Romania was the region\u2019s second most active jurisdiction (187 deals), however, both saw overall reductions in deal volume compared with 2023. Countries where deal activity increased included Bulgaria (88 deals), Croatia (92 deals) and Hungary (63 deals), where volumes rose by 7.3%, 10.8% and 10.5% respectively. Several countries saw deal values fall compared with 2023, including Poland and Hungary, due to fewer megadeals. However, the Czech Republic and Slovakia present a more complex picture as deal volume fell by 7.2% (128 deals) and 14.6% (35 deals) respectively \u2013 but deal values jumped by 53.8% (EUR 5.65bn) and 25.5% (EUR 4.19bn).<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Radivoje <\/strong><strong>Petriki\u0107, Partner at CMS Austria, comments: <\/strong>\u201cThe levels of M&amp;A activity demonstrate the continued resilience of CEE markets \u2013 with overall transaction volume up by 8% at a five-year high. We expect to see the same trajectory and impetus continuing in 2025 with a higher volume of transactions across several sectors. Overall, the CEE region continues to benefit from relatively high levels of GDP growth and any short-term challenges are significantly outweighed by the strength of long-term potential in the region.\u201d<\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n<p><strong>Sector<\/strong><strong> diversity<\/strong><\/p>\n<p>The report shows that there were significant shifts in the sectors driving deal activity. By recorded deal value, the largest sectors were Energy &amp; Utilities, Real Estate &amp; Construction and Food &amp; Beverage. Energy &amp; Utilities saw deal value increase by 162% (rising from EUR 3.72bn to EUR 9.75bn). Real Estate and Construction saw an increase in both deal volume (194, up from 158) and value (EUR 5.65bn, up by 77.2% from EUR 3.19bn).<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Horea Popescu, Partner at CMS Romania, comments: <\/strong>\u201cThe M&amp;A sector in the CEE region is continuing an exciting period of transformation, driven by regulatory changes, new technologies, energy transition, and developing business strategies.<\/p>\n<p>Finance and insurance are sectors where we\u2019re seeing notable levels of activity. We\u2019ve seen a significant boom in terms of the number of deals. There&#8217;s still room for consolidation in the financial and insurance sectors in CEE markets, where more deals may happen.\u201d<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Private equity <\/strong><\/p>\n<p>In 2024, Emerging Europe saw private equity deal volume increase by 12.6% to 278 deals. However, reflecting the wider trend seen across the region, private equity deal value fell by 11.4% to EUR 13.88bn. Notable deals included Blackstone\u2019s acquisition of a portfolio of ten logistics assets in the Czech Republic and Slovakia for EUR 470m and CVC Capital Partners\u2019 acquisition of Partner in Pet Food (PPF) in Hungary for EUR 2.0bn, which was the largest transaction by value.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Helen Rodwell, Partner at CMS Czech Republic, comments:<\/strong> \u201cPrivate equity investors continue to take an interest in Central and Eastern Europe and, with private equity deal volumes increasing by 12.6% last year, the investment landscape remains dynamic. In recent years, partnering with local capital has proven to be an additional route to market in the region &#8211; giving rise to additional opportunities and competitive advantage for the larger private equity houses.\u201d<\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><strong>Outlook<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Horea Popescu, Partner at CMS Romania, <\/strong>expressed his outlook for 2025, stating: \u201cDespite some short-term challenges, dealmaking in the CEE region remains attractive for international investors, as shown by higher deal volumes in a range of countries and sectors last year. As optimism looks set to become the hallmark of 2025, buyers will continue to capitalise on the region\u2019s diverse investment opportunities.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The CMS Emerging Europe M&amp;A 2024\/25 report can be found <span><a href=\"https:\/\/cms.law\/en\/int\/publication\/emerging-europe-m-a-report-2024-2025\">here<\/a><\/span>.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>Emerging Europe deal activity rebounds, reaching highest levels since 2018 \u00a0 Key points: Dealmaking in the CEE region is increasingly buoyant. Transaction volume was up last year, and market conditions show potential for more deals to be done. The International Monetary Fund forecasts that European emerging market economies are anticipated to grow by 3.1% in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[9,8],"tags":[],"class_list":["post-4993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bcch-news","category-membernews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CEE Emerging Europe MA Report 2024-24 from CMS - BCCH<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bcch.com\/?p=4993\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEE Emerging Europe MA Report 2024-24 from CMS - BCCH\" \/>\n<meta property=\"og:description\" content=\"Emerging Europe deal activity rebounds, reaching highest levels since 2018 \u00a0 Key points: Dealmaking in the CEE region is increasingly buoyant. Transaction volume was up last year, and market conditions show potential for more deals to be done. The International Monetary Fund forecasts that European emerging market economies are anticipated to grow by 3.1% in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bcch.com\/?p=4993\" \/>\n<meta property=\"og:site_name\" content=\"BCCH\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-04T15:08:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-10T15:50:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sch\u00e4ffer G\u00e1bor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sch\u00e4ffer G\u00e1bor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bcch.com\/?p=4993\",\"url\":\"https:\/\/bcch.com\/?p=4993\",\"name\":\"CEE Emerging Europe MA Report 2024-24 from CMS - BCCH\",\"isPartOf\":{\"@id\":\"https:\/\/bcch.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bcch.com\/?p=4993#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bcch.com\/?p=4993#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png\",\"datePublished\":\"2025-01-04T15:08:04+00:00\",\"dateModified\":\"2025-02-10T15:50:53+00:00\",\"author\":{\"@id\":\"https:\/\/bcch.com\/#\/schema\/person\/996696d08a3bddd94deb2e731bac037e\"},\"breadcrumb\":{\"@id\":\"https:\/\/bcch.com\/?p=4993#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bcch.com\/?p=4993\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/bcch.com\/?p=4993#primaryimage\",\"url\":\"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png\",\"contentUrl\":\"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png\",\"width\":1140,\"height\":414},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bcch.com\/?p=4993#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bcch.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CEE Emerging Europe MA Report 2024-24 from CMS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bcch.com\/#website\",\"url\":\"https:\/\/bcch.com\/\",\"name\":\"BCCH\",\"description\":\"British Chamber of Commerce in Hungary\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bcch.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bcch.com\/#\/schema\/person\/996696d08a3bddd94deb2e731bac037e\",\"name\":\"Sch\u00e4ffer G\u00e1bor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/bcch.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73aa5048afd417c4060e997b0061306f34143217874d2e7953aad097b95e6a54?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73aa5048afd417c4060e997b0061306f34143217874d2e7953aad097b95e6a54?s=96&d=blank&r=g\",\"caption\":\"Sch\u00e4ffer G\u00e1bor\"},\"url\":\"https:\/\/bcch.com\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CEE Emerging Europe MA Report 2024-24 from CMS - BCCH","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bcch.com\/?p=4993","og_locale":"en_GB","og_type":"article","og_title":"CEE Emerging Europe MA Report 2024-24 from CMS - BCCH","og_description":"Emerging Europe deal activity rebounds, reaching highest levels since 2018 \u00a0 Key points: Dealmaking in the CEE region is increasingly buoyant. Transaction volume was up last year, and market conditions show potential for more deals to be done. The International Monetary Fund forecasts that European emerging market economies are anticipated to grow by 3.1% in [&hellip;]","og_url":"https:\/\/bcch.com\/?p=4993","og_site_name":"BCCH","article_published_time":"2025-01-04T15:08:04+00:00","article_modified_time":"2025-02-10T15:50:53+00:00","og_image":[{"width":1140,"height":414,"url":"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png","type":"image\/png"}],"author":"Sch\u00e4ffer G\u00e1bor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sch\u00e4ffer G\u00e1bor","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/bcch.com\/?p=4993","url":"https:\/\/bcch.com\/?p=4993","name":"CEE Emerging Europe MA Report 2024-24 from CMS - BCCH","isPartOf":{"@id":"https:\/\/bcch.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bcch.com\/?p=4993#primaryimage"},"image":{"@id":"https:\/\/bcch.com\/?p=4993#primaryimage"},"thumbnailUrl":"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png","datePublished":"2025-01-04T15:08:04+00:00","dateModified":"2025-02-10T15:50:53+00:00","author":{"@id":"https:\/\/bcch.com\/#\/schema\/person\/996696d08a3bddd94deb2e731bac037e"},"breadcrumb":{"@id":"https:\/\/bcch.com\/?p=4993#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bcch.com\/?p=4993"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bcch.com\/?p=4993#primaryimage","url":"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png","contentUrl":"https:\/\/bcch.com\/wp-content\/uploads\/2025\/02\/cmse34.png","width":1140,"height":414},{"@type":"BreadcrumbList","@id":"https:\/\/bcch.com\/?p=4993#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bcch.com\/"},{"@type":"ListItem","position":2,"name":"CEE Emerging Europe MA Report 2024-24 from CMS"}]},{"@type":"WebSite","@id":"https:\/\/bcch.com\/#website","url":"https:\/\/bcch.com\/","name":"BCCH","description":"British Chamber of Commerce in Hungary","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bcch.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/bcch.com\/#\/schema\/person\/996696d08a3bddd94deb2e731bac037e","name":"Sch\u00e4ffer G\u00e1bor","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/bcch.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73aa5048afd417c4060e997b0061306f34143217874d2e7953aad097b95e6a54?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73aa5048afd417c4060e997b0061306f34143217874d2e7953aad097b95e6a54?s=96&d=blank&r=g","caption":"Sch\u00e4ffer G\u00e1bor"},"url":"https:\/\/bcch.com\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/posts\/4993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bcch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4993"}],"version-history":[{"count":3,"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/posts\/4993\/revisions"}],"predecessor-version":[{"id":4997,"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/posts\/4993\/revisions\/4997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcch.com\/index.php?rest_route=\/wp\/v2\/media\/4996"}],"wp:attachment":[{"href":"https:\/\/bcch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}