42013526 - Horizons - Q4_v04c

HORIZONS | BDO'S GLOBAL VIEWOF MIDMARKET DEAL ACTIVITY 63

OUTLOOK

REGION ¸OF TARGET COMPANY¹

ANTICIPATED LEVEL OF ACTIVITY

AS A %OF TOTAL M&A ACTIVITY FOR REGION

Looking to the future, Mergermarket’s Intelligence Heat Chart, based on companies for sale in the six months to 30 June 2021, predicts that there will be an increased level of activity in the Energy, Mining & Utilities sector compared to the prior six months. The highest levels of activity are expected to take place in the larger markets of China and North America. In terms of the proportion of total deal activity, the regions with the highest levels of activity are anticipated to be Australasia and Africa, where a significant number of natural resources projects are located. There is no obvious indication of the influence of renewables in the BDO Heat Chart because predicted future deal activity is presented by Mergermarket on a macro level, but it seems likely that the renewables sub-sector will continue to see significant levels of deal-making activity.

Greater China North America Southern Europe

158 102

8.22% 3.41% 10.01% 11.01% 12.64% 8.66% 9.67%

77

Latin/South America

60 58 53 47 38 28 25

Australasia

CEE

UK/Ireland

South East Asia

7.47% 7.98%

India

Africa

12.38% 4.42% 5.13% 5.51% 10.38%

DACH

15

Other Asia

14 13

Nordic

Middle East

11

Benelux

10

6.41%

Israel

7

7.22%

Japan

2

1.56%

TOTAL

718

7.05%

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