Private Equity Newsletter

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PwC Germany I April 2025

Private Equity Webcast: Legal Market Update and Trends

In brief


The M&A agenda continues to shape despite facing various uncertainties also for private equity firms and their portfolio companies. Due to several economic and geopolitical factors, political agendas and many more challenging reasons, the M&A market in Germany is forced to further developments and finds new solutions for the many challenges of today.

The landscape for M&A transactions in Germany is showing promising signs of recovery and the forecast for 2025 indicates a positive trend in stabilization and growth of the market. In addition, there are a number of legislative developments adopted by the outgoing German government and also recent case law relevant for private equity investors in various sectors.

Contact us

Our PE Legal Webcast


Join us on April 10, 2025, for our upcoming webcast, to get more insights and detailed inputs on recent legal trends and developments in Germany by our experts around Tobias Koppmann (register here).

Agenda: Key Aspects


(1) Market Trends SPA (purchase price mechanisms, earn-outs, vendor loans, ESG clauses) and W&I (e.g. knowledge concepts)

(2) Legal update on current financing trends and terms

(3) Legal update on recent developments in restructuring

(4) MEP – Update on recent developments regarding profit participation rights)

(5) Recent case law and developments in Germany regarding reinvestments / roll-overs as well as regulatory relief for large midcap companies

(6) Brief update regarding Omnibus CSRD and EU Regulatory

(7) Sector-specific updates on recent legislative developments in Germany, including

  • Healthcare & MedTech (including Hospital Transformation Fund Act, amendments to the implants register)
  • Brief update on recent energy legislation and developments
  • Implications of the new US tariffs regime for portfolio companies in Germany
  • Professional Service Firms

Outlook


Despite all the uncertainties that the M&A market is confronted with, an upgoing trend can be seen and the development in the market continues rapidly. In particular, in financial aspects the market continues to develop new practices to secure its stability and therefore secure the ongoing of M&A transactions despite tough times.

Finally, our experts would be delighted to provide you with an outlook on new opportunities and the developments and trends PE investors are facing based on the ongoing negotiations of the new coalition’s agreement of the incoming German government.

Do you have any further questions?

Then please feel free to contact us

Contact the Team

Do you need more information?

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Your Private Equity Contacts

Steve Roberts PE Leader EMEA and Germany steven.m.roberts@pwc.com

Dr. Ralf U. Braunagel PE Tax Lead ralf.ulrich.braunagel@pwc.com

Klaus Bernhard PE CMAAS and ESG Lead klaus.bernhard@pwc.com

Patrick Devine Deals Technology Leader patrick.devine@pwc.com

Dominik Roland PE S& Lead dominik.roland@pwc.com

Daniel Spengemann PE Audit Lead daniel.spengemann@pwc.com

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