Who needs IPOs anyway? GPs eye M&A, CVs and dividend recaps

Private equity firms see several ways to push exits back up to historical norms in 2025 – with or without public listings.

Stock markets might be on a tear and equity capital markets open, but European private equity firms are skeptical that the continent’s IPO market will offer a viable exit route in 2025. With several other sale options looking attractive, however, GPs are confident that exit activity will grow this year.