DACH M&A Trends Report FY 2021

Dach M&A

Brought to you by the M&A Community in association with Mergermarket. 

Europe’s model region is still enjoying a post-Covid boom, with its high-quality, high-value assets attracting both domestic and foreign investors.

The DACH region recovered more rapidly than most from the Covid-related global slump and its resurgence is continuing. Its well-run public healthcare systems and high levels of trust in government ameliorated the impact of the pandemic, especially in Germany. 

Last year’s M&A was down compared with 2020, in both volume and value, but the end of the year saw an economic recovery continuing throughout 2021 and still going strong. The IMF’s last World Economic Outlook had German GDP declining by 4.6% in 2020 but expected to grow by 3.1% in 2021 and 4.6% in 2022.

The DACH M&A market saw more transactions than in all three preceding years, with an aggregate value 77% higher than the €129bn recorded in 2020 - the highest total on record.

Germany, as usual, took the lion’s share, accounting for 72.1% of regional M&A, though this was down slightly from 2020. Switzerland’s share was up, but at the expense of Austria.

Much of the high-level M&A activity in the region was due to external investment. Of the 10 largest deals announced, three involved US bidders for German and Swiss assets, and two were Swedish bidders for German assets.

The key sectors were industrials and chemicals (29%) and real estate (22.8%) plus pharma, medical and biotech, and technology. 

The huge volume of transactions in industrials and chemicals was led by the €5.6bn bid for Atotech from the American manufacturer, MKS Instruments. Just a handful of megadeals accounted for the real estate share, with two of the deals among the top 10 for the region, including the largest - the Vonovia-Deutsche Wohnen merger.

Private equity buyouts reached their highest volume on record, though these were mostly during the first three quarters of the year, suggesting that the post-pandemic boom may be slowing somewhat.

Outlook

Bucking the global trend, the DACH region’s post-Covid resurgence looks set to continue. Dealmakers are still cautious about the possible impact of new Covid variants, but we expect a significant number of high-value transactions in the first half of 2022.

Download the full report here

Notes:

The M&A Community is a forum that focuses on relevant investment topics, cross-border M&A, and private equity within the prevailing economic climate.

The forum hosts events, conferences and workshops that bring together key players and expert opinions to discuss the challenges and solutions to help companies conduct and navigate cross-border investment strategies, M&A deals, tax regimes, legal risks, and potential cultural conflicts.

Become a Speaker speakers@mnacommunity.com

Become a Partner partners@mnacommunity.com

Powered by iDeals Virtual Data Rooms 

A VDR is a document repository, usually in the cloud, for storing and sharing sensitive information between businesses. In an M&A transaction, VDRs are primarily used to facilitate the M&A due diligence review process. 

Specific VDR features depend on the provider and scope, size, and industry of the M&A transaction. Traditionally the seller in an M&A transaction hosts the VDR. However, in some cases, a buyer may already have a VDR subscription and may opt to facilitate the process by hosting the data room. 

Visit the iDeals website to download a white paper on how to make your next VDR work for you.

Other Insights

See More
M&A

Brazil 2021 M&A, Private Equity, Venture Capital Handbook

Brazil’s booming economy bounced back rapidly from the devastating impact of Covid-19 and 2021 was an amazing year for M&A in most sectors....

See More
Brazil
Finance

Women in Finance: Strategy and opportunities in Brazil for 2022

There are more women in senior financial roles now that it is recognized that they get good results and in response to incentives for diversity...

See More
Economy

Mergers & Acquisitions and Antitrust Economy: Economic Synergies and Efficiency

One of the most relevant topics in corporate finance is the role of synergies in operations of mergers and acquisitions (M&A’s)....

See More
M&A
M&A

China M&A Trends Report FY 2021

Brought to you by the M&A Community in association with Mergermarket. Another record-breaking year should be cause for great optimism but a...

See More
Iberia mna
M&A

Iberia M&A Trends Report FY 2021

Brought to you by the M&A Community in association with MergerMarket.  Industrials and chemicals lead the way in a post-Covid surge...

See More
LATAM M&A
M&A

LatAm M&A Trends Report FY 2021

Brought to you by the M&A Community in association with MergerMarket.  The devastating impact of Covid-19 was succeeded by a...

See More
USA
china usa
M&A

How the Rise of China changes the M&A Game

While the M&A landscape has experienced significant short-term changes because of the COVID-19 pandemic, investors are very conscious that...

See More
Chile
Brazil China
M&A

Investment Opportunities And Successful Cases Between China And Latin America

Relations between China and Latin America have strengthened in recent years, with the COVID-19 pandemic as a turning point. Nearly $75 billion...

See More
Brazil
clean energy
Energy

According to an expert, clean energy is Brazil’s ace in the quest for foreign investments

Although we are going through challenging times with the water crisis and political and economic uncertainties, the Brazilian energy industry is...

See More
Brazil
M&A Community
Energy

Energy Investment Projections In Brazil

At an event organised by the M&A Community, participants emphasise that the water crisis and the political context are challenges, but they...

See More
Dach
M&A

DACH M&A Trends Report H1 2021

Brought to you by the M&A Community in association with Mergermarket.  Real estate, pharma, industrial and chemicals and technology...

See More
Latam
M&A

LatAm M&A Trends Report H1 2021

Brought to you by the M&A Community in association with Mergermarket.  Led by the financial services sector and big deals in energy...

See More
Iberia
M&A

Iberia M&A Trends Report H1 2021

Brought to you by the M&A Community in association with Mergermarket.  Rapidly expanding opportunities in energy, especially...

See More
China
M&A

China & Hong Kong M&A Trends Report H1 2021

Brought to you by the M&A Community in association with Mergermarket.  As both economies bounce back from Covid-19, infrastructure and...

See More
Brazil
IPO

Prospects for the M&A and IPO market in Brazil

Despite two very challenging years for the Brazilian economy and population, due to the consequences left by the COVID-19 pandemic, the M&A...

See More
USA
digital-USD
Digital currency

Webinar: Are Digital Currencies Disrupting Global Markets? Risks, Opportunities, And Outlook

Cryptocurrencies, once viewed as the province of nerds and dodgy financial transactions, are now becoming mainstream. More countries around the...

See More
Mexico
IPO
M&A

M&A Latam, Facts, Trends, & Insights For 2021

M&A activity is fast recovering from the impact of Covid-19 all round the world. This is especially evident in Latin America (LATAM) where,...

See More
USA
digital assets
Digital assets

Acquisition and Integration of Digital Assets

In the last 15 years more than 52% of US listed companies have disappeared, and while the average life of such a company in 1955 was 61 years,...

See More
Portugal
green energy
Energy

The Ins and Outs of Becoming a Player in Portugal’s Green Energy Market

Portugal has seen a rapid expansion of investment in renewable energy in recent years, especially in solar PV. There has been considerable...

See More
Brazil
spain
Infrastructure

Infrastructure Insiders Discuss Opportunities and Bottlenecks

Cleverson Aroeira (BNDES), Venilton Tadini (ABDIB), Elias de Souza (Deloitte) and Thiago Costa Monteiro Caldeira (PPI) untangled the sector and...

See More
USA
Health Tech M&A
Healthcare

Telemedicine is Changing the Healthcare Landscape: Expert Outlook 2021

With several new coronavirus strains circulating, it is hardly likely that the healthcare industry will soon escape from this period of...

See More
USA
M&A AI Tech
Tech

M&As in the AI Market: Tech and Deals Explained

The artificial intelligence (AI) industry survived its ‘winter’, in terms of limited hardware capacities, some time ago. Now, this sector seems...

See More
USA
Bruce Molloy
Tech

AI Industry: What Any Business Leader Should Know

Business leaders can understand what AI can do in straightforward ways, including the opportunities it creates, the problems it solves, and the...

See More
USA
Healthcare

The Post-pandemic Health Industry: Tech Is Poised to Play a Much Bigger Role

The next normal presents itself with emerging opportunities, challenges, and new health tech use cases in the US, and globally.

See More
Brazil
Sao Paulo, Brazil
M&A

Experts Show Optimism for the M&A Market in Brazil in 2021

Economic recovery in a Brazilian context will involve greater liquidity and an enormous structural change.

See More
Brazil
The National Congress of Brazil
M&A

The LGPD to Attract More Foreign Investment to Brazil

With the LGPD, the business environment will have more clarity about the regulations to be made a clearer perspective for foreign investors.

See More
New Normal
M&A

M&A: Getting Used to the ‘New Normal’ 

Political and geopolitical tensions worldwide may also hint at the events we might see in the nearest future. What are the main currents in the...

See More
Portugal
Oporto, Portugal
M&A

M&A in the North of Portugal: Tough Situation, Plenty of Opportunities

The outlook of the mergers and acquisitions landscape in the north of Portugal.

See More
Reva Goujon
M&A

‘Strategic Scenario Planning’: Reva Goujon — about resilient M&A Approach, US-China Rivalry, and Cyber Influence Ops 

How to design smart and resilient M&A strategies amidst global uncertainties?

See More
USA
Crossroads
M&A

Global Business Climate, Geopolitics, and M&A: Where we are at now 

Everyone, from small firms to large corporations, has to adapt to the new realities and find new ways to stay afloat.

See More
USA
Tech

‘AI Hype’ and M&A: Artificial Intelligence Strategies and Putting a Value on a Deal

How AI technologies can create value for different industries, and what to consider during any AI-related M&A transaction.

See More
Ignacio Tornero
M&A

China Goes Overseas: The Successes and Challenges of PRC in Latin America. An Interview with Ignacio Tornero

Digging deeper into the Chinese expansion in Latin America.

See More
USA
Tech

Tech, M&As and their Future: Reality and Expectations

From the valuation of AI assets to IoT, blockchain, and ESG (Environmental and Social Governance) in business.

See More
Portugal
Porto, Portugal
Legal

Legal Frameworks for Turbulent Times: Cases of Distressed Investments in Portugal

Are there ways to prevent the wave of insolvencies expected in 2021?

See More
USA
M&A

Geopolitics and M&A: Power Play in the Turbulent World. An Interview with Klisman Murati

How do geopolitics define the long-term strategies of states, and impact the economic actors?

See More
Portugal
M&A

Distressed Investments in Portugal: An Economic and Legal Outlook

The number of insolvencies in Portugal is rising and businesses are facing uncertainty in terms of future financing.

See More
USA
Hong Kong harbor
M&A

China’s Gordian Knot of Geopolitics: Regional Expansion or Global Ambitions?

Though Beijing is being careful with international politics, in an economic scene it is more active.

See More
USA
Investment

The US vs. China: How their Geopolitical Game is Affecting M&As

Beijing remains cautious in terms of restrictive measures against the US in response.

See More
Australia
M&A

Four Human Capital Factors to Consider during an M&A Deal

Without the proper management of human resources, the majority of M&A deals are bound to fail.

See More
Australia
M&A

Extracting Commercial Benefit from Data: Lessons for M&As

Data can be applied and bring value at various stages of the M&A process.

See More
Brazil
Legal

LGPD in Brazil: How the New Data Protection Law is impacting Businesses and Deals

Here are some useful hints and recommendations by experts in the field

See More
China
Investment

M&A Regulatory Updates in China and Abroad 

How can tightening regulations impact the M&A situation in the Asia-Pacific region?

See More
M&A

Global M&A: Is a Recovery in Sight?

The full impact of the coronavirus crisis has manifested itself in Q2 2020. Here’s a brief overview of the global M&A situation in Q&A.

See More
China
M&A

Trends That Are Defining Cross-Border M&A in China

The global M&A market is showing a strong decline: it has more than halved to $0.9T in the first half of 2020.

See More
USA
Investment

Paradigm Shift in Impact Investing: Trends to Influence Businesses in a Post-Pandemic World

While the world is living through turbulent times, businesses and investors cannot stand aside unaffected. To dive deep into the issues of...

See More
China
Energy

Global Energy Investments and M&A: A Quick Guide

The chaos this year on the oil market seems to have echoed into other energy sectors, leaving investors in a state of uncertainty. However, this...

See More
China
Energy

Investment Opportunities and Risks in the Global Energy Industry

2020 looks like being the biggest black swan event since WWII. The global pandemic has affected the mentality of investors all over the world....

See More
China
legal service
Legal

The Role of Legal Service Providers in Cross-Border M&A

In recent years, an increasing number of Chinese companies are seeking international expansion in response to the nation’s “Go Global” campaign....

See More
China
business mna
M&A

How to improve bid success rate in cross-border M&A

Initiated by iDeals and co-organized by several key players in the cross-border M&A industry such as KPMG, Eurasian, and GORG, the China-EU...

See More
China
mna community
Investment

M&A Community In-depth Interview: The Three Key Questions in China-EU M&A

Recently, iDeals hosted the M&A Community: China-EU Cross-border Best Practice Sharing event in Shanghai.

Get In Touch

Our team is happy to answer your questions. Fill out this form and we will get in touch with you.