Finnish M&A market update Q3 2025

Finnish M&A market update Q3 2025

Market environment has improved, but there is still uncertainty in the air in the deal market 

The economic market environment is becoming favorable for the recovery of M&A market due to lower interest rates and stabilised inflation. The stock market has also shown positive development, with volatility significantly reduced since the beginning of the year. However, the quarterly number of deals is on a downward trend compared to both a year ago and the previous quarter. Thus, the stabilisation of the economic market environment has not yet been reflected in the number of deals. On the other hand, the IPO market has shown signs of recovery. The most pronounced economic upturn is likely to occur next year and the deal market volumes should go hand in hand with the economic upturn in the future. 

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Aitor de la Torre

Partner, Deals Value Creation Lead, PwC Finland

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Ilkka Simula

Strategy& Partner, PwC Deals Leader, PwC Finland

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Sari Elonheimo

Partner, Chair of the Board of Directors, Capital Markets and Accounting Advisory Services, PwC Finland

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Mika Kouhi

Partner, Corporate Finance Leader, PwC Finland

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Eveliina Paavilainen

Partner, Transaction Services, PwC Finland

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Marko Koski

Partner, Transaction Services, PwC Finland

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Kauko Storbacka

Partner, CEO, PwC Finland

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