May was a good month for returns from both equities and fixed income. Ongoing investor optimism about the economic outlook supported risk assets, with developed market stocks delivering returns of 4.5% over the month.

Regarding European M&A activity, we observed a general decline in deal volumes during Q1. Nevertheless, there was a significant rebound in April and May, suggesting a positive turnaround in overall M&A activity.

This month, we also had the pleasure of co-hosting the annual Value Square Awards with Value Square, EY, and Schelstraete Delacourt. Additionally, we successfully completed a transaction in the construction sector.

Enjoy the reading!

Sincerely,

The VDP team