Economic growth in the eurozone stalled, registering zero growth in the last quarter of 2023 and only a 0.5% annual growth for the year. The contraction of the German economy by 0.3% in Q4 underscored the broader slowdown across the region. Interestingly – we see signs of more robust M&A activity. We hope that stock markets and M&A activity are reflecting a brighter future for the rest of the year.
For M&A, deal activity in January involved 102 deals in total; that’s an increase of seven deals year on year. A couple of the notable ones are:
- Surexport Compania Agraria SL acquired Jong Fruit BV
- Elis S.A. acquired Moderna Holding BV
- Skins Cosmetics BV was acquired by Vendis Capital
The most active sector (in number of deals) in January was Household & Personal Care, as shown by:
- Haleon plc’s chapstick division being acquired by Suave Brand Co LLC,
- Peninsula Capital Partners LLC acquiring a 30% stake in Veralab Srl and
- a 24.24% stake in Topbrands Europe B.V. being acquired by B&S Group S.A.
Read more in the February edition of our newsletter.
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