“If we had to pick one word to summarise European PE in 2024, it would be recovery,” data firm Pitchbook said on the publication of its 2024  report on 21 January 2025. “PE deal value increased 35.4% YOY while deal count increased 18.2%, marking the third-best year of dealmaking in European PE after 2021 and 2022 in terms of deal value.” European PE deal value increased from €439.3bn in 2023 to €594.8bn (including estimated deal value) in 2024.

In Luxembourg, too, private equity deal value increased last year. Data from Pitchbook said deal value jumped from €2.2bn in 2023 to €6.9bn in 2024. The grand duchy accounted for 1.3% of Europe deal value in 2024 (up from 0.5% in 2023).

Deal count in Europe as a whole also increased, noted Pitchbook. 2024 saw a total of 8,264 deals (including 1,394 estimated ones). That’s up by more than 1,000 deals when compared to deal count in 2023, which stood at 6,990.

In Luxembourg, deal count dropped a bit in 2024. There were 31 deals last year, compared to 36 in 2023.

The fourth quarter of 2024 saw the largest number of deals (nine) in the grand duchy.

Find the full Pitchbook report .