HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 23
SOUTHERN EUROPE HEAT CHART BY SECTOR
Industrials & Chemicals
174 23% 170 22% 117 15% 89 12%
Consumer
TMT
Business Services
LOOKING AHEAD
Energy, Mining & Utilities
77 10%
Financial Services
47
6%
The outlook for the next quarter suggests a continuation of the recovery in deal activity, with the overall number of rumoured deals close to the previous quarter’s figure (769 vs 770 in 2021 Q2). According to the market intelligence in the BDO Heat Chart, 769 deals are expected to take place in Southern Europe, which represents 8% of the rumoured mid-market deals worldwide. These figures represent an 18% year-on-year increase over the 651 rumoured deals for the corresponding quarter in 2020. Industrials & Chemicals is predicted to retain its top spot for deal volume in the region, replacing Consumer as the usual leading sector, by accounting for an estimated 23% of deals (174 deals), followed closely by Consumer with 170 deals (22%). Looking at other sectors, TMT is in third place and is expected to account for 117 deals (15%) in the final quarter. Combined, these three sectors are likely to dominate future deal activity in Southern Europe and are predicted to account for 60% of future quarterly transactions (63% in 2020 Q3).
Pharma, Medical & Biotech
46 6%
Leisure
31
4%
Real Estate
18 2%
TOTAL
769
SOUTHERN EUROPE MID-MARKET VOLUMES BY SECTOR
2020
2021
118
102
8
9
47
39
22
18
124
97
38
28
59
32
65
53
66
50
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
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