Europe M&A by the Numbers: Q1 2025

The European M&A market experienced a slight decline in Q1 2025, with both deal volumes and deal sizes showing a dip compared to the previous quarter. Transaction values saw a modest increase of 3.6% year-over-year. However, the total number of deals dropped by 5%, from 3,141 deals in Q1 2024 to 2,981 deals this quarter. The largest transaction of the quarter took place in the Italian banking sector, where Banca Monte dei Paschi and Mediobanca Banca di Credito Finanziario merged in a deal valued at $13.7 billion. The United Kingdom remained the leader in both deal size and transaction volume across Europe.