HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 51
SOUTH EAST ASIA HEAT CHART BY SECTOR
TMT
96 19% 90 18% 79 16% 65 13% 57 11% 44 9% 34 7%
Industrials & Chemicals
Business Services Financial Services
LOOKING AHEAD
Consumer
Energy, Mining & Utilities
All told, the first quarter of the year saw a strong pick-up in deal volume and value compared to Q4 2021. As South East Asia continues to record higher average deal values, as seen in the past two quarters, it is indicative that the market trend in the region is moving towards bigger-sized deals. As previously mentioned, Singaporean companies have become increasingly popular as M&A targets, with the country recording the region’s highest deal count in the last five quarters. This may be due to the availability of value accretive companies in Singapore, which are proving attractive to investors. For the remainder of 2022, M&A activities will largely be dependent on factors such as the severity of the Ukraine-Russia war, South East Asia’s economic recovery and the ongoing management of the COVID-19 virus, the reopening of borders by the respective countries and the region’s overall investment climate.
Real Estate
Pharma, Medical & Biotech
21 15
4% 3%
Leisure TOTAL
501
CHINA MID-MARKET VOLUMES BY SECTOR SOUTH EAST ASIA
2021
2022
70
21
11
8 17
4 1
2
64
7
6
20
7
33
6
23
42
9
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
South East Asia
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