HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 29
DACH HEAT CHART BY SECTOR
Industrials & Chemicals
99 29% 80 24% 48 14% 45 13%
TMT
Consumer
Pharma, Medical & Biotech
LOOKING AHEAD
Business Services
31 15
9% 4%
Energy, Mining & Utilities
We expect Mid-Market M&A activity to remain at the very least stable over the next quarter supported generally by the improved economic environment and driven by deals in multiples sectors (in particular, TMT, Industrials, Chemicals, Financial and Business Services), high levels of PE activity and strong inbound international investment. Corporates will continue to look to use M&A to reduce disruption caused by the pandemic and looking forward to optimise business models (including digitisation) and pick up strategic assets at the right price. The greatest risk is presented by an unforeseen set back in the recovery from Corona and/ or a possible acceleration in the slowing of momentum in 2021/2022 as a result of capacity/ supply chain constraints leading also to price increases. In manufacturing there is even concern this could lead to a ‘bottleneck recession’.
Financial Services
13 4%
Leisure
5 3
1% 1%
Real Estate
TOTAL
339
DACH MID-MARKET VOLUMES BY SECTOR
2020
2021
62
83
3
6
43
28
6
6
49
50
6 8
7 3 9
14
32
20
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
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