42015590 - Horizons Q2 2022_v06

HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 65

OUTLOOK

REGION (OF TARGET COMPANY)

ANTICIPATED LEVEL OF ACTIVITY

AS A %OF TOTAL M&A ACTIVITY FOR REGION

Based on ‘companies for sale’ in the six months to 31 December 2021, Mergermarket’s Intelligence Heat Chart predicts a greater level of activity for the Energy, Mining & Utilities sector compared to the prior six months, with increases across 10 of the identified 17 regions. The highest levels of activity are anticipated in the larger markets of North America and Greater China, with North America predicted to become the leading region, taking over top spot fromGreater China. The highest anticipated levels of activity, as a proportion of total activity, are predicted to be in Australasia and Africa, home to significant numbers of natural resources projects. The BDO Heat Chart is only presented on a high level without a breakdown within the sector, but it is likely that the continuing move towards a greener world will encourage companies to accelerate the push towards a low carbon sustainable future across all regions through the acquisition of appropriate renewables targets.

North America Greater China Southern Europe

182 162

8.47% 8.46% 9.40% 8.76% 14.32% 9.09% 8.78%

92 64 58 55 44 32 27

CEE

Australasia

Latin/South America

South East Asia

UK/Ireland

5.84%

Africa

12.05%

Other Asia

18

5.75%

India

17

4.19%

Nordic

15 15 14

6.25% 7.94% 6.51% 2.86% 9.09% 2.96%

Israel

Japan

DACH

12

Middle East

8 6

Benelux

TOTAL

811

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