Introduction As we settle into 2025, confidence is gradually returning to the European mergers and acquisitions (M&A) market. London, despite evolving regulatory frameworks and a shifting global economic backdrop, continues to anchor European dealmaking activity. At Circle Square, we’re seeing renewed momentum in hiring across the investment and corporate finance landscape, driven by a sharper focus on value creation and strategic transformation. Stabilisation, Not Stagnation: What’s Driving Deals in 2025 After a cautious 2023 and a transitional 2024, this year marks a turning point. Dealmakers are capitalising on improved market visibility, stabilised interest rates, and a steady flow of capital from private equity and institutional investors. While large-cap transactions remain selective, the mid-market is buzzing—particularly in sectors like healthcare, technology, renewables, and financial services. Strategic acquirers and private equity funds alike are focused on bolt-on acquisitions, buy-and-build strategies, and sector consolidation, especially where synergies and scale can drive long-term growth. With valuations becoming more realistic, cross-border M&A is picking up, and London remains a prime hub for international buyers and sellers looking to access European markets. A Talent-Driven Market: The Rise of Versatile Deal Professionals What’s clear in 2025 is that success in M&A hinges on agility, strategic thinking, and people. Firms are no longer just looking for technical skills—they want professionals who can lead transactions, manage stakeholder expectations, and operate seamlessly across borders. We're seeing strong demand for M&A Associates, VPs, Investment Managers, and Directors with deep sector knowledge and experience across the full deal lifecycle. Roles in private credit, debt advisory, and special situations investing are also in high demand, as firms seek to diversify deal structures and unlock underperforming assets. At Circle Square, our strength lies in our ability to deliver talent that matches both the brief and the culture. From growth equity and corporate development to infrastructure and special situations, our consultants are deeply embedded in the investment ecosystem and equipped to deliver results—fast. London: Still Europe’s Deal Capital Despite global uncertainties, London remains a magnet for capital, talent, and innovation. Its blend of financial infrastructure, investor networks, and regulatory credibility ensures it stays competitive in the global M&A race. For businesses scaling up or investors entering the European market, it’s the place to be. What’s Next? In a landscape defined by transformation, resilience, and reinvention, 2025 presents a strong opportunity for forward-thinking firms to sharpen their strategy and strengthen their teams. M&A isn’t just about transactions—it’s about building businesses for the future. At Circle Square, we connect ambitious firms with the dealmakers who get things done. To find out how we can support you to expand your team or, secure your next role please contact us on 020749 20705. As we settle into 2025, confidence is gradually returning to the European mergers and acquisitions (M&A) market. London, despite evolving regulatory frameworks and a shifting global economic backdrop, continues to anchor European dealmaking activity. At Circle Square, we’re seeing renewed momentum in hiring across the investment and corporate finance landscape, driven by a sharper focus on value creation and strategic transformation. Stabilisation, Not Stagnation: What’s Driving Deals in 2025 After a cautious 2023 and a transitional 2024, this year marks a turning point. Dealmakers are capitalising on improved market visibility, stabilised interest rates, and a steady flow of capital from private equity and institutional investors. While large-cap transactions remain selective, the mid-market is buzzing—particularly in sectors like healthcare, technology, renewables, and financial services. Strategic acquirers and private equity funds alike are focused on bolt-on acquisitions, buy-and-build strategies, and sector consolidation, especially where synergies and scale can drive long-term growth. With valuations becoming more realistic, cross-border M&A is picking up, and London remains a prime hub for international buyers and sellers looking to access European markets. A Talent-Driven Market: The Rise of Versatile Deal Professionals What’s clear in 2025 is that success in M&A hinges on agility, strategic thinking, and people. Firms are no longer just looking for technical skills—they want professionals who can lead transactions, manage stakeholder expectations, and operate seamlessly across borders. We're seeing strong demand for M&A Associates, VPs, Investment Managers, and Directors with deep sector knowledge and experience across the full deal lifecycle. Roles in private credit, debt advisory, and special situations investing are also in high demand, as firms seek to diversify deal structures and unlock underperforming assets. At Circle Square, our strength lies in our ability to deliver talent that matches both the brief and the culture. From growth equity and corporate development to infrastructure and special situations, our consultants are deeply embedded in the investment ecosystem and equipped to deliver results—fast. London: Still Europe’s Deal Capital Despite global uncertainties, London remains a magnet for capital, talent, and innovation. Its blend of financial infrastructure, investor networks, and regulatory credibility ensures it stays competitive in the global M&A race. For businesses scaling up or investors entering the European market, it’s the place to be. What’s Next? In a landscape defined by transformation, resilience, and reinvention, 2025 presents a strong opportunity for forward-thinking firms to sharpen their strategy and strengthen their teams. M&A isn’t just about transactions—it’s about building businesses for the future. At Circle Square, we connect ambitious firms with the dealmakers who get things done. To find out how we can support you to expand your team or, secure your next role please contact us on 020749 20705.