PitchBook：2026年第一季度欧洲私募股权市场分析报告（英文版）（19页）.pdf

1、EUROPEANPE BreakdownSponsored byQ12026From pricing strategy to discount guardrails,we help investors improve price realisation across portfolio companies,lifting EBITDA and reinforcing the equity story at Munich|Paris|London|New York|ChicagoPricing control that strengthens the exit story.Q1 2026 EUR

2、OPEAN PE BREAKDOWN3Sponsored byContentsInstitutional Research GroupNicolas Moura,CFA,CAIA Senior Research Analyst,EMEA Private Capital Charlie Farber Manager,Data AnalysisAdi George Associate Data APublished on 8 April 2026Sponsored byIntroduction 4Deals 5Spotlight:Unlocking UK Pension Capital for P

3、rivate Markets 8A word from CIL Strategy Consultants 9Exits 11Fundraising 15References 18Q1 2026 EUROPEAN PE BREAKDOWN4Sponsored byIntroductionEuropean PE entered 2026 with momentum intact,only for an exogenous shock to bring it abruptly into question.The Iran conflict,which escalated in the second

4、half of Q1,triggered a 22.5%QoQ decline in deal value and a 12.4%drop in deal count.Public markets fell 5%to 10%in response,and while private-market valuations have yet to fully adjust,a correction is expected absent a near-term resolution.The closure of the Strait of Hormuz and the resulting upside

5、 risk to energy prices and inflation have placed central banks in a holding pattern,leaving European PE caught between the momentum of a strong H2 2025 and an increasingly risk-off posture.The data tells a consistent story of caution beneath the headline numbers.Megadeals,still elevated at 37.7%of t

6、otal deal value,largely reflect transactions already in motion before the geopolitical shift.Club deals surged to 43.3%of deal value,add-ons reached a decade high of 71.4%of buyouts,and softwarerattled by the AI-driven reassessment of the SaaS model in public marketsfell from second to third in PE d