M&A DEALS OF THE

WEEK
Tuesday 12th of October 2021

© Financial Networking Group. All rights reserved.

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com 1
OVERVIEW – GLOBAL ANALYSIS
Key figures in the M&A sector

Total value of deals announced Number of transactions Average deal value

$44.2 billion 905 deals $194.6 million

this week were announced and closed this week
-48.84% compared to last this week -41.46% compared to last
week’s $86.4 billion +22.80% compared to last week’s $332.4 million
week’s 737 deals

Financial Networking Group. All rights reserved. 2

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
M&A NUMBER OF DEALS BY REGION
1 US & CANADA 2 3
EUROPE ASIA PACIFIC
■ Recorded the highest
■ 274 deals this week ■ 92 deals this week
number of deals: 423
■ +44.97% compared to ■ -45.88% compared to
■ +29.75% compared to
last week’s 326 deals last week’s 189 deals last week’s 170 deals

3% 3% 4 4
11%
LATIN AMERICA AFRICA & ME
■ 27 deals this week ■ 27 deals this week
Total # of deals: ■ +42.11% compared to ■ +28.57% compared to
905 50% last week’s 19 deals last week’s 21 deals

33%

United States and Canada

Europe Total # of deals in week 40: 905 (+22.80%)
Asia / Pacific Total # of deals in week 39: 737
Africa / Middle East
Latin America and Caribbean

Financial Networking Group. All rights reserved. 3

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
OVERVIEW – SECTOR ANALYSIS
Global M&A number of deals by Industry
118
106

85 87

66
53
48 44 45 45
42 39
36 34 33 37
28 28
13 16
8 10

Information Industrials Financials Consumer Health Care Real Estate Materials Communication Consumer Energy Utilities
Technology Discretionary Services Staples

Week 40 Week 39

■ Breaking down the M&A activity by sector in terms of number of transactions, 4 industries increased, 1 stagnated, and 6 decreased.

■ This week, the sector with the highest number of transactions is Information Technology with 118 deals, which represents a 39% increase compared to
last week’s 85 deals. It is followed by Industrials that totaled 106 deals, which represents a 22% increase compared to last week’s 87 deals. In the third
position, Financials totaled 48 deals, which represents a 9% increase compared to last week’s 44 deals.

Financial Networking Group. All rights reserved. 4

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
 OVERVIEW – MULTIPLES CHART
Mean Implied EV/Revenues Mean Implied EV/EBITDA Mean Implied EV/EBIT Mean Implied Equity Value/LTM Net Income Mean Implied Equity Value/Book Value

Africa / United States Africa / United States Africa / United States Africa / United States Africa / United States
Industry Middle East
Asia / Pacific Europe
and Canada Middle East
Asia / Pacific Europe
and Canada Middle East
Asia / Pacific Europe
and Canada Middle East
Asia / Pacific Europe
and Canada Middle East
Asia / Pacific Europe
and Canada

Communication Services 3.67x 0.26x 2.92x 6.69x 9.02x 14.11x 1.18x 27.86x

Consumer Discretionary 0.53x 2.67x 3.81x 51.05x 0.67x 2.96x

Consumer Staples 4.05x 0.80x 42.63x 14.58x 59.57x 53.73x 12.00x 1.83x

Energy

Financials 21.49x 26.25x 3.86x 1.56x

Health Care 2.04x 39.55x 37.73x

Industrials 1.98x 0.94x 1.23x 9.64x 4.64x 7.10x 24.20x 10.52x 41.01x 4.25x 1.72x 11.94x

Information Technology 2.93x 0.68x 2.50x 4.06x 21.74x 7.22x 0.79x 3.78x

Materials 77.78x 9.11x

Real Estate 130.69x 7.09x 17.24x 197.97x 8.54x 15.72x 204.42x 9.23x 16.51x 147.83x 17.26x 14.78x 0.31x 1.38x

Utilities 0.37x 3.50x 1.36x

■ The high Mean Implied EV/EBIT for the Real Estate sector in the Africa/Middle East region (204.42x) is due to a deal which Implied EV/EBIT is equal to
204.42x (acquisition of 5.14% of Real Estate Egyptian Consortium S.A.E by Target Real Estate Investment for $7.68 million on October 4th, 2021).

■ The high Mean Implied EV/EBITDA for the Real Estate sector in the Africa/Middle East region (197.97x) is due to a deal which Implied EV/EBITDA is equal to
197.97x (linked to the same Real Estate deal).
■ The high Mean Implied EqV/LTM Net Income for the Real Estate sector in the Africa/Middle East region (147.83x) is due to a deal which Implied EqV/LTM Net
Income is equal to 147.83x (linked to the same Real Estate deal).
■ The high Mean Implied EV/Revenue for the Real Estate sector in Africa/Middle East (130.69x) is due to a deal which Implied EV/Revenue is equal to 130.69x
(linked to the same Real Estate deal).

Financial Networking Group. All rights reserved. 5

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
TOP 5 – LARGE MARKET TRANSACTIONS

TRANS. VALUE
DATE INDUSTRY BUYERS ADVISORS TO BUYER TARGET ADVISORS TO TARGET LOCATION
(USD Bn)

10/07/2021 Financials - A&H and d life business in Six Asia- - 5.75

Pacific Markets/Interest in Cigna
Finans Emeklilik ve Hayat A.S. Chinese Special Administrative
Region of Hong Kong

10/04/2021 Energy 4.66

Communication
10/06/2021
Services
2.70

Information
10/04/2021
Technology - 2.68

10/03/2021 Financials 2.48

Financial Networking Group. All rights reserved. 6

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
TOP 5 – MIDDLE & SMALL MARKET TRANSACTIONS
TRANS. VALUE
DATE INDUSTRY BUYERS ADVISORS TO BUYER TARGET ADVISORS TO TARGET COUNTRY
(USD mm)

10/07/2021 Food retail 470.0

10/07/2021 Oil & Gas Production - - 419.0

10/07/2021 Real Estate - 89 Industrial Properties - 380.0

10/06/2021 Automobile manufacturers - - 350.0

10/04/2021 Asset Management

Helix Acquisition Corp. 348.0

TRANS. VALUE
DATE INDUSTRY BUYERS ADVISORS TO BUYER TARGET ADVISORS TO TARGET COUNTRY
(USD mm)
Warrawong Plaza shopping
10/06/2021 Real Estate -
centre
- 98.0

10/06/2021 Application software - 94.0

10/06/2021 Real Estate - - 93.0

32-MW Portfolio of solar

10/06/2021 Renewable Electricity - photovoltaic (PV) and wind - 92.0
parks

Twin Cities Suburban Office

10/06/2021 Real Estate -
Portfolio
- 91.0

Financial Networking Group. All rights reserved. 7

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com
DISCLAIMER
This report has been prepared by Financial Networking Group for information purposes only. No information published
in this report constitutes a solicitation or offer, or recommendation, to buy or sell securities of any other financial
instruments. Although we have used sources believed or accurate, we do not guarantee either the accuracy or
completeness of this report. No reliance should be placed on the information in this document to transact in financial
products and no liability is accepted for any loss arising from reliance on it.
Any opinions expressed are subject to change without notice. Investors are expected to make their own investment
decisions without relying on this information. You should obtain specific advice from qualified experts before making
any investment decision.

Financial Networking Group. All rights reserved. 8

External sources: S&P Global Market Intelligence, Thomson Reuters, Bloomberg and Investing.com