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Horizons Issue 3 2020

31 July 2020

UK & Ireland: Deal activity declined during Q2 2020 on the back of volatile market conditions caused by the COVID-19 outbreak

Welcome to Horizons Issue 3 2020 edition, in which BDO M&A professionals around the world present their insights on mid-market deal activity and trends.

Global mid-market M&A transaction levels fell 30% to 1,500 deals in the prior quarter and we expected to see a further reduction in the current quarter as the impact of the pandemic spreads across the world.

2020 started with high volumes of M&A transactions in the UK & Ireland, in line with 2019’s figures. However, the fast spread of the COVID-19 virus has resulted in a drop in the volume and value of M&A activity in the UK & Ireland.

In terms of in-demand sectors, it comes as no surprise that TMT has been amongst the most resilient for M&A globally so far in 2020. As the whole world went into lockdown, people had to turn (pretty much straightaway) to digital technologies and solutions that enabled them to interact remotely for work, education, regular communication, shopping and, of course, entertainment.

Issue 3 of 2020 takes a close look at M&A activity across the world that has been heavily impacted by COVID-19. There is also commentary on:

  • Global view – COVID-19 has a further dampening effect on M&A but it feels like activity is resuming.
  • Special feature – The path ahead - analysis of analyst estimates for insights on the economic recovery.
  • North America – North American M&A plummets in Q2
  • China – China bucks global trend with increased deal volume and value
  • Consumer Business – The acceleration of select consumer trends and the impact on M&A activity
  • Real Estate and Construction – Will COVID-19 change the value of commercial real estate forever?


About BDO Horizons

Each quarter we analyse global mid-market deal activity across a number of major regions and selected sectors around the world; offering you a satellite view of how the M&A market is evolving – and where it appears to be heading.

It includes expert commentary on recent trends, predictions for the coming year and forecasts of sector activity through our heat chart which predicts the most active sectors for company sales. Whether you are active on the buy or sell side or just alert to the latest opportunities, Horizons will provide you with invaluable insights into where and why investment is flowing, giving you more of the mid-market knowledge and insight you need. 

In a global market of bewildering activity and endless choices, we provide some of the context necessary to navigate it.

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