Less deals and slower sale processes.

Closing deals is contextual.

In H2 2025, some major macro aspects must be factored in:

– inflation
– budget deficit
– raising public and private debt
– excessive lending and bad loans
– energy sector indebtedness and inefficiencies
– lower than predicted GDP growth
– lower FDI

Add:
– political instability
– negative sentiment against joining the Eurozone emphasising on potential wide and significant price increases (fuelled by anti-European forces)
– falling investments, down M&A market, longer exit processes, frequently interrupted or suspended

It is not unprecedented. Patient and decisive acquirers can discover value in undervalued or high-potential businesses open to value creation. Plenty of tactical opportunities – but they are complex, time-sensitive, delicate. Not for anyone but – for sophisticated and determined investors. Who could acquire, analyse the relevant data (and context), retain the best available advisers, effectively utilise their advice, decide and move swiftly.