Baltic Private M&A Deal Points Study 2026

The Baltic Private M&A Deal Points Study 2026 provides valuable insights into current market trends and the evolving dynamics of private M&A transactions across the Baltics. Beyond tracking market activity, the study offers a detailed perspective on transaction structures, risk allocation mechanisms and deal execution practices in Estonia, Latvia and Lithuania.

Key findings

Deal activity remains strong, with signs of growth in larger transactions

While 58% of transactions were valued below EUR 10 million, the share of larger transactions (EUR 50-100 million and above EUR 100 million) has increased, signalling renewed confidence and appetite for sizeable deals in the Baltic market.

Technology has regained its position as the most active M&A sector

Technology (IT and telecommunications) accounted for the largest share of transactions, followed by manufacturing, industrials, construction, and real estate. At the same time, activity in the energy sector has slowed, while food and agriculture continue to gain momentum.

A generational shift in business ownership is becoming increasingly visible

Individuals and family-controlled businesses now account for 41% of sellers, matching the share of strategic sellers and reflecting a growing wave of succession-driven transactions across the Baltics.

Buyers are gaining negotiating leverage

The market is showing a clear trend towards stronger buyer protections, including increased use of specific indemnities, security for sellers' obligations and full-disclosure warranties, which are now standard in approximately two-thirds of transactions.

Regulatory scrutiny is increasing and transaction processes are becoming longer

Foreign direct investment (FDI) screening requirements continue to expand, making regulatory approvals a more significant part of transaction planning. As a result, the average M&A process now typically takes between six and twelve months.

The study highlights the key factors influencing dealmaking across the Baltics and provides a useful benchmark for businesses, investors and advisers operating in the region.

If you would like to discuss the findings or their implications for M&A transactions in Lithuania, please contact Rimtis Puišys, M&A Partner at Eversheds Saladžius.