MARKETS10 September 2026· 16 min
European Tech M&A 2026: Valuations, Multiples & Weak Signals
As European tech M&A enters a recalibration cycle, deal multiples have compressed 30-45% from 2021 peaks while strategic acquirers quietly accumulate positions. This deep-dive decodes current valuation frameworks, sector-specific multiples, and the weak signals predicting the next wave.
SOURCES
[1]Dealroom.co — European Tech Report H2 2024 & Historical M&A Database
[2]Pitchbook — European PE & VC Valuations Multiples Report 2024
[3]Hg Capital — 2024 Investor Day Portfolio Benchmarking Presentation
[4]Oliver Wyman — DORA and Basel IV Compliance Cost Estimates for European Financial Services, 2024
[5]BloombergNEF — European Climate Tech Investment Monitor Q3 2024
[6]Lincoln International — European Private Company Index Q3 2024
[7]Preqin — European Private Equity Unrealized Value Report 2024
[8]European Commission — FDI Screening Regulation Annual Report 2023 (EU Regulation 2019/452)