Consumer & Retail |

Quarterly M&A Update | Q4 2024

Latest market trends, valuation levels and deals

Consumers and retailers remain cautious with interest rates and politics in focus

The revenues in the crucial fourth quarter of 2024 were below expectations in Germany. Despite a somewhat weaker holiday season, the sector saw strong transaction activity with 257 deals, particularly in the Personal Care and Consumer Electronics sectors. M&A activities in the Consumer and Retail sectors were also focused on themes such as e-commerce, sustainability, and supply chain optimization. The average valuation for companies in the Consumer & Retail sector stood at an EV/EBITDA multiple of 12.5x, with slight declines in most subsectors and a moderate recovery in the luxury goods segment. For the first quarter of 2025, inflation, interest rate developments, and political events are expected to be key factors influencing consumer behavior.

We are delighted to share the latest issue of our Consumer & Retail Quaterly M&A Update for the fourth quarter of 2024. In this report, we provide an update on latest industry trends plus insights into valuation levels and recent transactions.

We hope you enjoy the read and look forward to your feedback.