Technology and Innovation Community

Recent update by S&P Global.

update

Key points:

• European private equity- and venture capital-backed transactions in the US climbed to a four-year high in 2025, driven by investor interest in AI
• Outbound investments into the US from Europe, including the UK, totaled $116.26 billion in 2025, the highest level since $157.68 billion in 2021
• The momentum continued in January, with total transaction value reaching $10.32 billion, compared with $4.65 billion in the same month a year ago.
• The technology, media and telecommunications (TMT) sector accounted for the largest share of European private equity-backed investment targeting the US in 2025, with $75.62 billion in total transaction value, supported by OpenAI's $41 billion funding round.
• The healthcare sector came second, with transaction value totaling $13.33 billion. In the largest European private equity-backed deal in 2025, Montagu Private Equity LLP and Kohlberg & Co. LLC agreed to acquire medical device company Teleflex Medical OEM LLC for $1.5 billion in a carveout transaction.
• Meanwhile, the industrial sector had $7.98 billion in total funding. The largest European private equity-backed industrial deal was Permira Advisers Ltd.'s acquisition of fire protection services company Encore Holdings LLC from Levine Leichtman Capital Partners LLC for $1.8 billion.

- Todor