Deal Flow Monitor: Q3 2025

Lower interest rates and the regulatory outlook in the US fueled high-value transactions in the third quarter of 2025, lifting aggregate deal values across private equity and VC deals despite declining deal volume

• Private capital deal value expected to surpass 2024 total thanks to high-value transactions

• Led by large take-private transactions, private equity deal values double from previous quarter – despite declining total deal volume

• While VC exits remain soft, some bright spots have emerged across IT and healthcare sectors, driven by market demand