HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 39
AFRICA HEAT CHART BY SECTOR
TMT
51
24%
Industrials & Chemicals
39 18% 30 14% 25 12%
Business Services
Energy, Mining & Utilities
LOOKING AHEAD
for a reported USD 229m. Heineken already owns a 49.99% interest in NBLIH. In addition, Heineken N.V.’s acquisition of South African brewer Distell is also thought to be imminent but the deal remains subject to certain conditions. The second biggest deal saw Chinese company Zhejiang Huayou Cobalt acquire the Arcadia hard-rock lithium mine in Zimbabwe for a reported USD 422m. The 100% stake was acquired from the Australian-listed Prospect Resources Ltd (87%), Zimbabwean professor Kingston Kajese (6%) and the Tamari Trust (7%). The deal represents Huayou's second acquisition in the lithium space in as many weeks. Lithium is a key ingredient in rechargeable batteries and is a highly sought-after metal given the booming electric vehicle market across the world.
Financial Services
21
10%
Consumer
20 9% 19 9%
According to the BDO Heat Chart, TMT, Industrials & Chemicals, Business Services, Consumer and Energy Mining & Utilities will account for the bulk of predicted activity across the continent for the foreseeable future, with the balance of deal numbers spread across the remaining sectors. Deal activity in Real Estate and Leisure is expected to remain on the low side as M&A in these two areas continues to suffer due to the ongoing impacts of the pandemic.
Pharma, Medical & Biotech
Real Estate
4 2%
Leisure TOTAL
2
1%
211
AFRICA MID-MARKET VOLUMES BY SECTOR
2020
2021
10
19
6 1
5
3
8
2
15
16
17
10
19
30
16
12
8
4
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
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