Pierre-Axel Botuha joins a discussion on the European mid-market

It is time for Europe’s mid-market private equity firms to get back to the business of doing deals. 3i partner, Pierre-Axel Botuha joins the discussion.

Private equity deal volumes in Europe fell by  65% in the first six months of 2023, according to data from RW Baird. At the same time, fundraising was down by 20% in the first half of the year due to economic uncertainty and geopolitical tensions. This has led to a bottleneck in distributions worldwide, hindering new commitments from LPs. Despite the downturn, sectors like healthcare and technology remain attractive, while cyclical sectors are less so. There is a need for increased deal activity and liquidity to restore market confidence, emphasising the resilience of the lower mid-market and the potential for AI to drive efficiencies and support investment processes.

Published in Private Equity International, December 2023 

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