European M&A value falls just 6.4% in Q2, far outpacing North America's 24.3% drop

M&A · PartnershipMacro
โดย PitchBook News·Read original
Summary · why it matters

European M&A value fell 6.4% quarter-over-quarter in the second quarter to $344 billion, a much shallower decline than the 24.3% drop recorded in North America, according to PitchBook's Q2 2026 Global M&A Report. Deal count in Europe rose 0.9% to 5,061, even as it fell an estimated 7.3% in North America. The region's resilience has been building for a year, with sponsors and corporate acquirers drawn by lower entry multiples and untapped family-owned businesses. B2B was Europe's strongest sector, with deal value up 35.6% to $129 billion, driven by two megadeals: Kone, Advent International, and Cinven's $34.3 billion purchase of TK Elevator, and EQT's $14.6 billion take-private of Intertek at a 62% premium. The European Central Bank became the first G7 central bank to raise rates in June, responding to an energy shock tied to Middle East conflict, and the region's resilience through year-end will depend on how monetary policy and geopolitical uncertainty evolve.

Impact on stocks 3

Smart City / Autonomous Infrastructure▲ · 1 stocks
KONE Oyj
0II2
▲ PositiveCapitalrelevance

Kone is part of a consortium acquiring TK Elevator in a $34.3B megadeal, boosting M&A activity and deal value.

Industrials▲ · 1 stocks
Intertek Group PLC
ITRK
▲ PositiveCapitalrelevance

Intertek is being taken private by EQT at a 62% premium, a clear positive for shareholders.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 3

Advent InternationalPrivate▲ Positive
Capitalrelevance

Advent International is a buyer in the TK Elevator acquisition, reflecting active deal-making.

CinvenPrivate▲ Positive
Capitalrelevance

Cinven is part of the consortium acquiring TK Elevator, indicating strong deal activity.

TK Elevator Holding GmbHPrivate▲ Positive
Capitalrelevance

TK Elevator is being acquired for $34.3B, a significant M&A transaction.

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