BDO Mediatalk 2020

09 MEDIA talk | FLEXIBLE, VERSATILE, RESILIENT

FIGURE 2: GLOBAL MEDIA M&A DEALS BY TOP ACQUIRER REGION IN H1 2020

Existing pipelines and weak Pound Sterling may have provided some boost beyond the immediate inertia. Buy-side deals, where the UK recorded 7% of all deals by volume, targeted domestic or US-based companies. While the UK remains an attractive market, it has not managed to regain the levels of acquisitiveness last witnessed in 2017 (12%). While PE played a crucial role in supporting media deals, especially in advertising, investors across sectors were clearly searching for the confidence to make decisive moves through H1 with the year seeing a big drop in the number of exits and a practical disappearance of IPOs. Contrary to the US, UK VC has had a blockbuster year-to-date, according to PitchBook. Improving on last year’s record results, VC deal values across all sectors hit €6.8 billion in H1 2020. The average deal value also edged up with almost 65% of all UK & Ireland deals over €25 million. Fundraising by VC also looks to be unaffected across Europe.

MIDDLE EAST 1% LATIN AMERICA 1%

CENTRAL & EASTERN EUROPE 0%

UNKNOWN 3%

AUSTRALASIA 4%

SOUTH ASIA 5%

UNITED STATES 29%

CANADA 7%

UNITED KINGDOM 7%

WESTERN EUROPE 15%

ASIA PACIFIC 28%

THE US SAWTHE LARGEST SHARE OF DEALS ON THE BUY-SIDE, BUT WITNESSED ANOTHER RELATIVE DECLINE AT THE HANDS OF THE ASIA PACIFIC. WESTERN EUROPE SAW A FALL IN DEAL SHARE BUT CANADA SAW GOOD ACTIVITY IN THE FIRST HALF OF THE YEAR.

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