42014429 - Horizons Q1 2022_v06

HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 29

DACH HEAT CHART BY SECTOR

Industrials & Chemicals

94 25% 80 21% 54 14% 50 13% 49 13% 19 5% 16 4%

TMT

Business Services

Pharma, Medical & Biotech

LOOKING AHEAD

Consumer

Financial Services

Q4 2021 M&A activity showed a continued recovery from the effects of the coronavirus pandemic. However, the direction of future developments remains uncertain, as Omicron variants or other worldly events might impact on trade relations and keep investors on the cautious side. Historically, the first quarter of the year is packed with mid-market M&A transactions. In 2022, the current uncertain economic situation and the unpredictable future development of the pandemic might result in a scaled-down first quarter in terms of deal volume and value. However, we maintain our belief that the DACH M&A market will continue to recover and improve over the coming months.

Energy, Mining & Utilities

Real Estate

8 2%

Leisure TOTAL

5

1%

375

DACH MID-MARKET VOLUMES BY SECTOR

2020

2021

62 3

83 112

3

6 10

43

28 41

6

6 7

49

50 61

7 3 9 15 4 13

6 8 7

14

32 38

20

Technology & Media

Financial Services

Energy, Mining & Utilities

Pharma, Medical & Biotech Real Estate

Consumer

Business Services

Leisure

Industrials & Chemicals

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