42014429 - Horizons Q1 2022_v06

HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 47

CHINA HEAT CHART BY SECTOR

Industrials & Chemicals

715 34% 306 14% 218 10% 186 9%

TMT

Business Services

Energy, Mining & Utilities

TOP DEALS The largest mid-market deal in Q4 2021 was in Industrials & Chemicals. The top three major mid-market deals included: • Tencent Holdings Ltd., Mercedes-Benz AG and nine other companies acquired technology company Momenta Global Limited at a consideration of USD 500m - announced in Nov 2021; • Alibaba Group Holding Co., Ltd, Tencent Holdings Ltd. and three other companies jointly acquired Xingyin Information Technology (Shanghai) Co., Ltd. at a consideration of USD 500m - announced in Nov 2021; and • GGV Capital and seven other companies acquired Guangdong Huitian Aerospace Technology Co., Ltd. at a consideration of USD 500m - announced in Oct 2021. LOOKING AHEAD The latest BDO Global Heat Chart indicates that Greater China is the second most active region, with a total of 2,129 deals planned or in progress with 715 (34% of deals) related to Industrials & Chemicals, 306 (14%) related to TMT and 218 (10%) to Business Services.

Pharma, Medical & Biotech 172

8%

Consumer

169 8% 153 7% 144 7%

Financial Services

Real Estate

Leisure TOTAL

66 3%

2129

CHINA MID-MARKET VOLUMES BY SECTOR

2020

2021

241

288

180

169

152

192

39

46

553

576

111

125

200

242

112

103

217

225

Technology & Media

Financial Services

Energy, Mining & Utilities

Pharma, Medical & Biotech Real Estate

Consumer

Business Services

Leisure

Industrials & Chemicals

Made with FlippingBook HTML5