Linklaters P2P Guide

Public equity markets in Europe are braced for another wave of public M&A activity from financial sponsors in 2023. 

Interest rate stabilisation, combined with continuing depressed valuations in the equity markets as a result of wide-ranging global macroeconomic factors, will drive financial sponsor interest in pursuing listed targets. Financial sponsors will likely look to de-risk by forming consortia, unlocking larger, more complex and regulated targets, which often need innovative capital structures.

Successful planning and execution of these transactions relies on having a clear line of sight on the latest public M&A practice and target board and shareholder strategy and psychology. Having advised on many of the most significant public offers across Europe, we are uniquely placed to provide this insight from a pan-European perspective and deliver your public-to-private transaction.

Drawing on this experience, this guide highlights some key features and recent trends in public-to-private transactions that sponsors should consider when evaluating public M&A opportunities in selected European countries. We have included the contact details of some of our experts who have contributed to this guide, but please feel free to get in touch with your own Linklaters contacts about any of the issues raised.

To access the guide, please contact your usual Linklaters contact or email Online Services Mailbox.