Statistics on the EMAT Database Content

#1 European Database on Private M&A Transaction Multiples​

Private M&A Transaction Multiples Database in Europe

With 10,000+ deals analysed in detail, EMAT is the most comprehensive database in Europe of private M&A transaction multiples

Total Reports published: 11,249

Breakdown by sector of activity

Sectors followed Nb Reports Breakdown
Energy and Basic Resources 169 1.1%
Chemicals 297 1.9%
Construction & Building Materials 784 5.1%
Agricultural Sector 133 0.9%
Metals 139 0.9%
Industrial Goods 885 5.7%
Electrical / Electronic Equipment 530 3.4%
Transport Equipment & Manufacturers 518 3.3%
Personal & Household Goods 510 3.3%
Food & Beverage Industry 750 4.8%
Health, Pharmaceuticals & Biotechnology 1,244 8.0%
Retail and Wholesale ('R&W') 1,117 7.2%
Transports 406 2.6%
Hotels Restaurants and Bars 157 1.0%
Media - Communication 681 4.4%
Business Services 1,464 9.4%
Consumer Services 504 3.2%
Software 1,759 11.3%
Internet 1,162 7.5%
IT Services 527 3.4%
Telecommunication Services 479 3.1%
Technology Hardware & Electronic Equipment 507 3.3%
Environment and Climate Change 795 5.1%

Breakdown by Size

Equity Value (€m) Nb Reports Percentage
[0 – 5] 1,738 15.5%
[5 - 15] 1,990 17.7%
[15 - 50] 3,247 28.9%
[50 - 150] 2,399 21.3%
[150 - 500] 1,308 11.6%
[>= 500] 560 5.0%

Breakdown by Deal Type

Deal type Nb Reports Percentage
Acquisition 8,763 78.1%
LBO (Leverage Buy Out) 2,464 21.9%

EMAT Coverage of Europe

Number of Deal Reports Published, per Target Country

Country Nb Reports Percentage
France 1,924 23.9%
Germany 1,022 12.7%
United Kingdom 969 12.1%
Italy 731 9.1%
Spain 538 6.7%
Netherlands 496 6.2%
Sweden 303 3.8%
Ireland 294 3.7%
Belgium 215 2.7%
Finland 174 2.2%
Norway 152 1.9%
Switzerland 130 1.6%
Denmark 119 1.5%
Austria 92 1.1%
Poland 89 1.1%
Portugal 63 0.8%
Czech Republic 41 0.5%
Luxembourg 35 0.4%
Russia 32 0.4%
Greece 30 0.4%
Romania 26 0.3%
Slovenia 26 0.3%
Estonia 20 0.2%
Malta 18 0.2%
Hungary 17 0.2%
Croatia 12 0.1%
Cyprus 9 0.1%
Lithuania 7 0.1%
Slovakia 7 0.1%
Serbia 7 0.1%
Ukraine 7 0.1%
Bulgaria 6 0.1%
Iceland 4 0.0%
Latvia 4 0.0%
Monaco 4 0.0%
Georgia 3 0.0%
Montenegro 3 0.0%

Last published Reports

Announced date Acquirer Target Target Country Industry Sector Reports
17/07/2025 Graco Color Service Italy Industrial Machinery 122615
17/07/2025 Private group led by Activa Capital, Celda Capital Développement Groupe Desegur Drôme Testing, Inspection and Certification services (TIC) 122667
17/07/2025 Hanza Milectria Oy, Kiinteistö Oy Kanungin Karhu, Milectria OÜ Finland Aerospace & Defence, Electronics / Electricity / Wiring, Cables & Wires Manufacturers 122926
18/07/2025 Private Group backed by Capza DI Environnement (Dauphiné Isolation Environnement) Drôme Industrial Cleaning 122465
21/07/2025 Private group led by Nazca Capital SGEIC Teltronic Spain Telecommunications equipment 123038
23/07/2025 Private group led by Evolem Investronic Doubs Industrial Machinery 122626
24/07/2025 Also Westcoast UK, Ireland and France United Kingdom IT Supply Chain Services 123010
28/07/2025 Private group led by Siparex, BNP Paribas Développement, Caisse d’Épargne Rhône Alpes Groupe Dreyer Vaucluse Construction Finishings, Industrial Refrigeration Equipment & Machinery 122483
28/07/2025 Ushio Entertainment & Industry Lamps business (ENI) of ams-OSRAM Austria Electrical Components & Equipments, Optoelectronics 123009
28/07/2025 Semapa - Sociedade de Investimento e Gestao SGPS Industrias Mecanicas de Extremadura (Imedexa) Spain Building Materials & Fixtures, Steel 123019
29/07/2025 Magellan Partners Worldline Mobility & E-Transactional Services (MetS) Hauts-De-Seine Banking software / payment system, System Integration 122547
30/07/2025 Sprout Social NewsWhip Media Ireland e-media, Marketing Software 122637
31/07/2025 Private group led by EMZ Partners Implid France Audit & Accounting 123079
31/07/2025 Solutys Nedap France Val-D'Oise Electronic Equipment (for corporates), Electronic Security Systems 123926
31/07/2025 Private group led by Montefiore Investment, Ceres Industries Capital and CFJ (Compagnie Financière Jousset) Karavel Group Paris Travel & Tourism, Travel & Tourism, Online Travel Agencies 123974
01/08/2025 Legrand Cogelec Vendée Electronic Security Systems, Electronic Security Systems 122707
04/08/2025 Theon International Kappa Optronics Germany Aerospace & Defence, Electronic Equipment, Optoelectronics 122672
04/08/2025 Private Group led by A&M Capital Europe Isla Délice (Amalric) Hauts-De-Seine Meat processing, Canned, Frozen and Cooked Food 122797
12/08/2025 Wilmington Professional Group Conversia Spain Human Resource Management (HRM), Enterprise Content Management (ECM) 122682
15/08/2025 Lantmännen ek för Leipurin Finland Food R&W 122979
26/08/2025 Halma Brownline Netherlands Industrial Machinery, Measurement & Test Equipment, Equipement for Test & Measuring 122872
29/08/2025 Private Group led by Waterland Cruinn Diagnostics Ireland Specialised R&W, Diagnostic Medical Equipment 122770
03/09/2025 Private group led by Andera Partners, Bpifrance HMS (Groupe Numans) Rhône Audit & Accounting 122850
04/09/2025 Solutys Group Rayonnance Hauts-De-Seine IT Supply Chain Services, Customer Relationship Management (CRM), Retail Software, Transport Management System (TMS) 123940
08/09/2025 Private group led by Société Générale Capital Partenaires, BRED Banque Populaire, Bpifrance, Qualium Investissement Parella Paris Architectural and Design Services 122866
10/09/2025 Lehibou Adonys Security Paris IT Consulting 123365
11/09/2025 Private Group led by Andera Partners Sagitta Pharma Indre-Et-Loire Drugs Retailers 122886
16/09/2025 Esprinet Vamat Netherlands Electrical Components & Equipments, Electrical Product (retail) 122998
03/10/2025 Private group led by Edmond de Rothschild Private Equity M-Energies Meurthe-Et-Moselle Heating, Ventilation and Air-Conditioning (HVAC) 123845
20/10/2025 Private group led by InnovaFonds, Jadel, Financière Sophia Groupe Isore Mayenne Finishes and Fittings (F&F), Insulation Work 123853