Private Equity In Switzerland 2024

1. What proportion of transactions have involved a financial sponsor as a buyer or seller in the jurisdiction over the last 24 months?

In Switzerland, the M&A market continued to cool off in the first half of 2023, with a 67 per cent decline in deal volume compared to the same period last year. Private sponsors involvement has decreased, representing only 29 per cent of all transactions in H1. This decline was predominantly due to the macroeconomic headwinds, higher interest rates, instability in banking and financing markets, fears of a recession and uncertainty in energy prices as well as the ongoing war in Europe. According to a study by Deloitte, the number of deals acquiring Swiss firms was one of the lowest since it started recording this data. The transaction volume suffered a sharp fall in inbound transactions (-54% vs H1 2022) while outbound transactions hit a record 109 M&A transactions in the first half of 2023 (+18% vs H1 2022). Outbound transactions