According to the recent PwC report, 2024 marked a significant turning point for the Italian private equity market. While the world prepares for a recovery in merger and acquisition operations, Italy has distinguished itself as the European country with the most dynamic growth in this sector. This success is not coincidental but the result of a cultural change in how Italian companies view their future.
The numbers that tell a revolution
The numbers speak clearly: in 2024, private equity moved €56.4 billion in 496 operations, more than double the previous year. But what's really striking is that almost half of all market transactions (44%) involved private equity funds, for a total value of €30.4 billion. These figures are not just statistics but reflect a profound change in how Italian companies approach growth.
The reality of Italian companies
The Italian business fabric is unique: over 90% of our companies are micro-enterprises, often true excellences in their market niches. However, this strength can become a limitation when it comes to competing on a global scale. It's interesting to note that while 76% of SMEs maintain a traditional governance structure, 35% of entrepreneurs express a desire to grow. Two out of three companies are now open to evaluating the entry of financial partners, marking a significant change in Italian entrepreneurial mindset.
Beyond capital: the true value of private equity
- A strategic partnership: Modern private equity is no longer just a capital provider. For 55% of Italian entrepreneurs, it represents a strategic partner that brings managerial expertise and a shared entrepreneurial vision.
- Dimensional scaling: Through strategic acquisitions and consolidations, micro-enterprises can overcome the limitations of small size while maintaining their identity and excellence.
- Opening to global markets: Private equity resources and expertise become the key to accessing new markets and investing in innovation.
- Attractive force: More structured governance and dedicated resources make companies more attractive to talent, creating a virtuous cycle of growth.
- Governance evolution: The entry of an institutional investor brings not only capital but also best practices and processes that strengthen the company structure.
The moment is crucial for Italian companies. The choice is no longer between growing or remaining stable, but between evolving or risking falling behind. Private equity, with its strategic approach and ability to create long-term value, is increasingly proving to be the ideal partner for Italian SMEs that want to write the next chapter of their success story.
Source: PwC, "Global & Italian m&a trends in industrials & services and outlook 2025",https://www.pwc.com/it/it/services/deals/trends.html