HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 11
NORTH AMERICA HEAT CHART BY SECTOR
TMT
502 21%
Financial Services 488 20% Pharma, Medical & Biotech 352 15% Business Services 303 13% Industrials & Chemicals 299 12% Consumer 179 7% Energy, Mining & Utilities 178 7% Leisure 66 3% Real Estate 39 2% TOTAL 2406
LOOKING AHEAD
The first half of 2022 does not show any imminent signs of slowing down, but the question remains whether the M&A market can continue for another full year at the same frenetic pace. With increasing inflation and a strengthening economy, the US Fed indicated that they are likely to begin raising interest rates earlier than anticipated, with three or four rate hikes expected in the year. The same is likely to happen in Canada and while this should not immediately curtail M&A activity, it will likely slow it down in the medium to long-term. Conversely, with strong market fundamentals, robust amounts of PE dry powder and strong strategic balance sheets, deal activity will not fall off a cliff. While the market remains hot in terms of deal dynamics, every sector is poised to remain strong in deal activity and capitalize on the current M&A environment.
RYAN FARKAS MANAGING DIRECTOR
rfarkas@bdo.ca
NORTH AMERICA MID-MARKET VOLUMES BY SECTOR
2020
2021
ALEX ARDIZZI DIRECTOR
aardizzi@bdo.ca
549 52
758 993
20
6 16
299 301
306 58
41
39 49
267 9
313 99
117
159 236
196 7
173 217
142
114 58
186
166 210
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
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