Learn more about the different statistics:
Q3: M&A and PE deal count in Baltics down by 1 reaching 23 deals. Last 12-month cumulative deal count remains weak at -16% vs 2024.
- Baltic countries PE deal count remained 35% below 2024 level, at 30 in LTM 3Q25 (Estonia -10, Latvia -4, Lithuania -2).
- Baltics M&A activity was 3% lower in LTM 3Q25 vs 2024 – number of deals declined by 1 in Estonia, by 3 in Latvia but increased by 2 in Lithuania.
- In terms of quarterly M&A and PE as total, Q3 deal count stood below both 2Q25 and 3Q24 (by -2 and -5 respectively).
- Following sectors saw increased activity in LTM 3Q25 compared to full-year 2024: B2C consumer products and services (+7 deals), Information technology (+3 deals), Materials and Resources (+1 deals).
- Worst performing sector in LTM 3Q25 vs 2024 was B2B business products and services where the activity declined by 33% to 28 deals (driven by various commercial services sub-sector group as a whole, -8 deals).
Quarterly M&A, PE and CV Deals overview in Baltics.
