• Baltics PE deal count -13% YoY in LTM 1Q25, driven by deals in Estonia and Latvia while the deal count in Lithuania showed improvement.
      • Baltics M&A activity in LTM 1Q25 remained below 2024 level in all countries (-18% YoY in total) – M&A activity -14% YoY in Estonia, -26% in Latvia and -17% in Lithuania.
      • The only growing sector (+1 deal in LTM 1Q25 vs 2024) was Materials and Resources sector. 
      • Deal count in other sector underperformed. Strongest decline was seen in Business Products and Services where deal count fell by 8 to 34 in LTM 1Q25 vs full-year 2024.

        Learn more about the different statistics

      Risto Hunt

      Manager, Deal Advisory

      KPMG Baltics OÜ