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In Q4, M&A and private equity activity in the Baltics totaled 25 deals, slightly up quarter-on-quarter, though 2025 volumes remained 13% below 2024 levels.
- In 2025, private equity deal activity in the Baltics fell to 28 transactions, down from 46 in 2024. Q3 was the weakest quarter with three deals, while Q4 led the year with 10 transactions, indicating tentative momentum toward a trend reversal.
- Baltics M&A activity showed improvement of 5% YoY in 2025 when the deals volumes totalled to 69. Quarterly data did not provide indications of clear trend, stronger activity was seen in the middle of the year while the first and last quarter remained the weakest of the year.
- In 2025, deal activity exceeded 2024 levels only in the Consumer Products and Services (B2C) and Information Technology sectors, rising by 21 and 10 deals, respectively.
- In Q4, the Energy sector posted the strongest quarter-over-quarter growth (+4 deals), while Consumer Products and Services (B2C) continued to lead in deal activity with 12 transactions across the Baltics.
Quarterly M&A, PE and CV Deals overview in Baltics.
