EMIS & CMS PRESENT THE

Emerging Europe M&A Report 2025/26

EMIS, along with leading global law firm CMS, are pleased to bring to you the 15th edition of the annual Emerging Europe M&A Report for 2025/26, coming in January 2026.

Get exclusive early access to our annual flagship Emerging Europe M&A Report, backed by EMIS data and packed with deal statistics and expert analysis from across the region’s jurisdictions and sectors. The report goes beyond the numbers, offering in-depth background stories and market context to help you understand the trends shaping the region’s dynamic M&A landscape.

Some of Our Preliminary Data Findings

🔹In the first nine months of 2025, dealmaking in the CEE region remained dynamic, with higher overall deal values driven by both strategic and financial investors, supported by a continued focus on consolidation.

🔹Robust deal activity with a surge in values:
While overall deal volume remained broadly in line with the previous year, total deal values surged, driven by a handful of large-scale transactions. Five deals above EUR 1bn were recorded in the first nine months of 2025, already surpassing the full-year 2024 total.

🔹Sectoral highlights for the first nine months:
Consumer Products & Retail stood out with a year-on-year increase in deal count, supported by strong domestic consumption and landmark transactions. Real Estate & Construction, maintained steady momentum, supported by investor confidence in core assets and infrastructure-linked projects, while the Banking sector remained resilient, buoyed by both mega-deals and a healthy pipeline of mid-sized transactions.

🔹Cross-border dynamics:
Cross-border M&A continues to play a vital role in the region, with high-value transactions in banking, healthcare, and retail underscoring the ongoing appeal of CEE markets to international investors.

🔹 Top sectors by volume and value for the first nine months:
The leading sectors by deal volume so far are Telecoms & IT, Real Estate & Construction, and Manufacturing. By value, Finance & Insurance, Manufacturing, and Telecoms & IT top the list.

🔹 Private Equity activity:
Private equity remains a major force in the region, driving consolidation in healthcare and banking, and continuing to support overall deal volumes despite a more selective investment environment.

Pre-register for your free copy, coming in January 2026.

Transaction Trends in M&A: CEE Dealmaking

Discover how CEE is evolving as investors pivot to fewer, higher-value deals—find out which sectors are leading the charge and what’s reshaping M&A activity across the region.

Banking & Finance Momentum

Banking M&A is resurgent as mega-deals and mid-market moves redefine the CEE landscape—explore what's fuelling this momentum and whether strategic consolidation will continue.

Energy in Transition: Renewables, Storage & Resilience

The next wave of energy M&A is here: from renewables to battery storage, find out how new technologies and investors are transforming the sector, who is investing, and where.

Inside Healthcare & Pharma in CEE

As resilient assets and new digital health platforms grab investor attention, get the inside track on what drives healthcare and pharma deals and where the next big opportunities lie.

Retail and F&B: Consolidation and Cross-Border Playbooks

Powered by shifting consumer trends and landmark cross-border deals, discover what’s shaping M&A strategies and where foreign investment in retail and F&B is heading.

National Security & Foreign Investment Screening

As security and screening tighten across CEE, impacting deal timelines and investor focus, learn about the most affected sectors and the developing regulatory landscape.

Ukraine Rebuilds: New Horizons for Investors and Business

New opportunities are on the horizon for investors in Ukraine—explore the sectors attracting most interest and how companies are navigating risks and regulatory changes.

CURATED COMPANY & INDUSTRY INTELLIGENCE

What sets EMIS apart?

EMIS is a leading curator of multi-sector, multi-country research for the world’s fastest growing markets. We provide a unique combination of research from globally renowned information providers, local and niche specialist sources, our own proprietary analysis, and powerful monitoring and productivity tools.
EMIS delivers trustworthy intelligence for over 370 industry sectors and over 17m companies (including 200k M&A and ECM deals) across 197 markets.
Everything you need in one place where actionable insights are facilitated by leading technology.

What Our Customers Say

EMIS Expands CEE Coverage

EMIS Insights

EMIS’ industry research division, EMIS Insights, provides in-depth, industry research in key emerging markets worldwide, featuring market overviews, industry trend analysis, legislation and profiles of the leading sector companies provided by experienced locally-based industry analysts.

EMIS Insights M&A Reports

EMIS Insights M&A reports provide analytical summary of M&A activity in key emerging regions and countries. Contents include an overview of M&A activity by deal volume and value, activity by sectors, foreign investors, private equity, valuation trends, top M&A deals and IPOs, advisory league tables, and analysis of the latest developments and future expectations.