The 2026 edition of Skadden’s Activist Investing in Europe report, produced in partnership with Mergermarket, reveals significant shifts in the European shareholder activism landscape. Non-local activists are now targeting European corporates more frequently than local ones, while nearly all respondents are observing greater engagement from first-time activists. Activists are also moving toward more assertive and public tactics such as media campaigns, open letters and public demands. In response, a growing number of companies are proactively considering or adopting defensive measures. ESG considerations remain key, with all surveyed activists saying they will prioritize ESG in upcoming campaigns.
Activist Investing in Europe
Mergermarket