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Boutique investment banking for the European middle market.

Insights

Market intelligence

Sector intelligence, market commentary, and original research from our institutional research team - written for founders, principals, and shareholders weighing a transaction.

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SmithfieldCapital Partners

Market Intelligence / H1 2026

European Mid-Market Review

Conviction in a selective market.

Capital is available across the European middle market, but it is concentrating: fewer processes, deeper diligence, and a premium for businesses that arrive prepared. The H1 review covers buyer appetite, pricing discipline, and what the two-track market means for founders and shareholders weighing a sale, raise, or recapitalization in the next twelve months.

$12.4B
Total transactions advised
35+
Team members globally
9
Countries of operation
150+
Years combined experience
Discuss the review with our team

The series

Published semi-annually

The European Mid-Market Review is published each half, synthesising live mandate data with the firm's view of current transaction conditions. The next edition - H2 2026 - publishes in January.

H1 2026

European Mid-Market Review

Buyer appetite, pricing discipline, and the premium on preparation in a two-track market.

H2 2025

European Mid-Market Review

Recapitalizations, structured credit, and the return of the strategic buyer.

H1 2025

European Mid-Market Review

Valuation resets, family office capital, and the processes that still cleared.

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A transaction runs best when the work starts early.

If you are six to twelve months from a sale, raise, or recapitalization, that is the right time for a first conversation.

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