Reflecting the resilience of the broader French economy, the country’s private equity market had a strong start, with 309 deals worth €25.3 billion ($27.3B US) completed in Q1. This is an 11.9% increase compared to the final quarter of last year in deal volume and a 43.9% uptick in value over that same time period.
France’s PE exit market continues to be robust, with a handful of mega-deals over €1 billion pushing the Q1 value total to €21.3 billion from 69 exits. That’s a 142.5% increase from the previous quarter, with the total equating to nearly half of 2022’s full year exit value. Among the big deals is the quarter’s largest exit, Groupe Bruxelles Lambert sale of French outsourcing and consultancy firm Webhelp to listed Concentrix for €4.5 billion in March.