Horizons Issue Q2 2024

In this edition of BDO M&A Horizons, we have our bi-year sector focus. Our M&A partners across the Globe analyse deal activity and trends in their sectors and look ahead at what we can expect for the foreseeable future. We focus on Manufacturing, TMT, Natural Resources and Real Estate. Although volumes and values are down and the heat map shows a decline in overall transaction appetite for 2024, there are signs of stabilisation in the market with a return of private equity buyers, lower inflation and a sense that interest rates may actually start falling. In a recent event in Seoul with our M&A partners in the Asia Pacific region, we discussed the expectations of a pick up in deal activity and are encouraged by the buying appetite of Asian conglomerates and trading houses.