M&A Transactions in Portugal in Q3 2025

The M&A market in Portugal recorded 46 transactions in the third quarter of 2025, 10 more than in the previous quarter, with greater activity in the Industrials sector (13 deals), Insurance Brokerage (5 deals), as well as in Healthcare and IT, both with 4 deals each. Private equity funds and their portfolio companies were responsible … Read more

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M&A Transactions in Portugal in Q2 2025

During the second quarter of 2025, a total of 36 transactions were recorded in Portugal. The most dynamic sectors during this period were Industrial with 11 transactions, the Food & Beverage (F&B) sector with 7 transactions, while the Insurance Brokerage and the Sports sectors remained hot, each with 2 transactions. The largest transactions were led … Read more

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EV / EBITDA multiple explained

Relative valuation is commonly used in the deals negotiation process, namely the EV / EBITDA multiple. The main factors that explain differences in the EV / EBITDA multiple between sectors and companies within the same sector are: i) the geography of the company’s operations; ii) market dynamics; iii) the characteristics of the company; iv) the … Read more

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M&A Transactions in Portugal in Q1 2025

The first quarter of 2025 recorded a total of 38 transactions in Portugal, with notable activity in the IT sector with 5 delas, Industrial, Transport & Logistics, Sports and Insurance Brokerage sectors, each registering 4 transactions. The Industry 4.0 and Healthcare sectors reported 3 transactions each, while the F&B sector recorded 2 deals. A total … Read more

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