Exclusive invite-only event, Chatham House Rule

11 June 10:00 CEST


10:00 Welcome
10:05 Participants’ round of introduction
10:15 Keynote: 
10:50 Open discussion
  • Think thank
  • Deepening of the discussion
  • Sharing best practices
11:45 Final thoughts

The discussion offers a comprehensive look at the merger and acquisition (M&A) landscape in Europe for the year 2024. It includes an in-depth analysis of prevailing trends, highlighting the most active sectors and regions. The discussion also touches on the findings of the CMS European M&A Study 2024.

In 2023, the mergers and acquisitions (M&A) market demonstrated resilience amidst various challenges, retaining a cautiously optimistic outlook for 2024. The European M&A Study highlights a shift in pricing structures, with a notable decrease in price per action (PPAs) and earn-outs, leaning towards more predictable deal terms, though smaller transactions still face pricing uncertainties. Additionally, environmental, social, and governance (ESG) considerations have become increasingly significant in M&A due diligence processes, driven by a surge in sustainable and responsible investment interests, further fueled by escalating regulatory and reputational demands.

The study also underscores the rising trend of strategic investments, with a significant number of strategic investors participating as both buyers and sellers, indicating a strategic realignment of business portfolios in response to market dynamics. Furthermore, the approach to risk allocation remains consistent, with operational warranties typically lasting between 12 to 24 months and liability caps staying under 50% of the purchase price. Warranty and indemnity (W&I) insurance usage in large European deals continues to be stable, especially in the UK. Despite the overarching geopolitical and economic uncertainties affecting transactions, there is a noted confidence rebound in the debt market, with potential uplifts from election cycles. All of this suggests a complex but dynamic M&A landscape ahead.



Louise Wallace
Head of the CMS Corporate/M&A Group


Dr. Malte Bruhns
Rechtsanwalt, Head of the CMS Corporate/M&A Group


Participation is organised on an invite-only basis.



The components used during the roundtable can be downloaded by clicking the links below.


Hotel Riu Plaza España
C.Gran Vía, 84, 28013 Madrid, Spain