BDO Horizons 2025 - Issue 2

BDO’S QUARTERLY GLOBAL MID-MARKET M&A REVIEW

In this edition of BDO M&A Horizons, we are focusing on Real Estate, TMT, Financial Services and Natural Resources. The overall global data shows a significant decline on deal activity in the last quarter of 2024, a drop of around 25%, and the heat chart also shows a reduced number of expected transactions in the next few months. Much is being written about the impact of US tariffs on the global trade and it would be remiss not to acknowledge its impact on the M&A market. With new headlines popping out every day, it is not the easiest time to make decisions. Many investors wait and seek clarity before acting. The issue of tariffs is being closely watched and analysed by the BDO Public Policy team. Their latest Trade Policy report provides intelligence on major developments, which can be very helpful to the Horizons readers seeking clarity and up to date information.



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

Source: BDO Global