On the face of it, European private debt markets are struggling – at least in terms of transaction levels. The latest Deloitte Private Debt Deal Tracker shows the number of transactions declined to 363 deals completed in the second half of 2022 across Europe, down 16 percent compared with the first half, with Q4 figures falling 10 percent on Q3.
Regional Guide: Fewer deals but a lucrative opportunity set
Private debt is moving beyond pure sponsor-driven M&A in Europe as financing options continue to grow.
