Baltic Private M&A Deal Points Study 2024 is out now: Energy & utilities sector is most active in the M&A market

02 October 2024

Despite turbulent times in macroeconomic and geopolitical situations over the past few years, the Baltic M&A market has been reasonably active, especially in Lithuania, according to the recent “Baltic Private M&A Deal Points Study 2024”.


The energy and utilities sector is the most active in the Baltic M&A market, accounting for 23% of all transactions during the latest survey period. It is followed by technology (12%) and construction and real estate (10%) sectors.
During the survey period, the value of a typical Baltic M&A transaction fell back to the EUR 1-10 million bracket, and the share of megadeals (over EUR 100 million) continued a downward trend.

The Baltic M&A counterparties are generally comfortable using internationally acknowledged transaction tools, such as price adjustments, MAC clauses, and liability limitations (warranty limitation periods, overall caps, claim baskets, and thresholds). However, R&W insurance is still very seldom used in Baltic M&A transactions.

The study analysed 179 private M&A transactions with a deal value of over EUR 1 million completed in the Baltics between April 2022 and March 2024. The report gives a detailed overview of the Baltic mergers and acquisitions (M&A) market compared to previous periods, including the most active sectors, sales processes and forms of transactions, payment terms, liability provisions, and much more.

  • FULL REPORT - please find the Baltic Private M&A Deal Points Study 2024 - HERE
  • LAUNCH EVENT PHOTO GALLERY - have a look at the launch event photo gallery - HERE

The study was compiled in cooperation with Sorainen, Cobalt, Ellex, TGS Baltic, Eversheds Sutherland, Walless, and Triniti under the auspices of the Estonian, Latvian, and Lithuanian Private Equity and Venture Capital Associations. The Baltic M&A deal points studies have been published since 2010 to analyse the current status and trends of the Baltic M&A market.


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