Private equity market outlook: Trends for the second half of 2025
Deal volumes, valuation multiples, and regulatory changes — what family offices and asset managers should watch in H2 2025.
## Market overview H2 2025
After a subdued first half, early signs of recovery are emerging in the private equity market.
## Deal volumes
Transaction volumes are rising again, especially in the mid-market segment.
## Valuations
Valuation multiples have stabilized and currently stand at 10-12x EBITDA for high-quality assets.
## Regulatory developments
New EU sustainability reporting directives also affect family offices above a certain size.