European M&A Outlook Report

PwC’s Head of Tax and M&A explores how the new 2026 three-tiered framework impacts deal structures, private equity rollovers, valuation baselines, and more.

Dutch-born SINCERIUS expands into Belgium, combining its proven data-driven due diligence model, Big Four seniority and entrepreneurial culture with deep local dealmaking expertise under new partner, Koen Vermoere.

Rood & Riddle joins the Equine Care Group as the latest addition to its five-year acquisition spree.

PwC head of M&A Tax, Nancy de Beule, navigates Belgium’s EBITDA multiples, capital gains and withholding tax using a combination of tax-savvy and accounting know-how.

David Theys has spent more than 25 years moving through the world's financial capitals – in London, Paris, Moscow, Dubai, Hong Kong – before settling, a decade ago, back in Belgium. Today he lives in Antwerp and is based close to Brussels, but his career reads like a map of global finance: investment banking, corporate finance, restructuring, debt advisory, valuation.

Intera Partners-backed vehicle-damage services provider Suvia Group has acquired AutoRepairGroup from PE firm Standard Investment.

Prompt-first dealmaking and semantic search are streamlining due diligence, allowing M&A professionals to focus on strategic value rather than dredging through documents.

Reverz merges with the Belgian enterprise hardware specialist, Ker Bolton, to become a global leader in IT lifecycle management.

Digital used-car leasing company Lizy plans to accelerate its ARR and European expansion with new investment.

Marc Coucke's investment firm, Alychlo has acquired a majority stake in famous ribs restaurant chain, Amadeus, to accelerate its nationwide rollout.

Belgian cultivated seafood startup Fishway has been acquired by Israel-based industrial technology company, Ever After Foods.

Benelux’s authorised Toshiba HVAC distributor, Intercool, has been acquired by Carrier Global Corporation.