Kubatanidzwa kweBelgian uye musika wekutenga unoderera kwegore rechipiri rakateedzana

Mibairo kubva kuM&A Monitor 2024 inoratidza kuti musika wepasi rose mukubatanidzwa uye kutora wakadzikira muna 2023, uye maitiro aya akaonekwawo muBelgium. Pakanga pasina chete mashoma ekutengeserana, asi avhareji mutengo wekutengesa wakaderera zvishoma pane ese saizi zvikamu.

Zvikonzero zvikuru zveizvi kwaive kukwira kwemhindu, macro-economic shifts uye geopolitical kusagadzikana. Zvinocherechedzwa, zvisinei, chikamu chekutengeserana kwekunze chakaramba chakadzikama. Vanosvika makumi manomwe neshanu muzana vanoti dhizaini yave kuderera zvishoma nezvishoma, iko zvino yava kutora mwedzi mitanhatu paavhareji. Chekupedzisira, ESG yave yakakosha mumitemo yekudyara uye makambani ari kuwedzera kutarisa kune data analytics kubatsira mukuita sarudzo.

Aya ndiwo mhedziso dzakanyanya kukosha dze 11th edition yeM&A Monitor, ongororo yegore negore ye138 Belgian yakabatanidzwa uye nyanzvi dzekuwana., kusanganisira vanachipangamazano vezvemari vemakambani, vanoisa mari kune vega, vanopanga mazano, mabhanga nemagweta, avo pamwe chete vanomiririra zvikamu zvese nehukuru hwekutengeserana. Chidzidzo ichi chinoongorora zviitiko zvavo zvezvibvumirano zvavakabatanidzwa muna 2023, pamwe nezvavakatarisira muna 2024. 

Iyo M&A Monitor yakaitwa ne Muzvinafundo Mathieu Luypaert nevaongorori Sarah Muller naTom Floru kubva kuCentre for Mergers, Acquisitions & Buyouts paVlerick Business School., pamwe chete neBDO, Bank Van Breda, Van Olmen & Wynant uye Wallonie Entreprendre. Kuderera kwemusika wekutenga kunoenderera mberi mukuenzanisa nerekodhi gore ra2021, apo angangoita mabhiriyoni matanhatu emadhora akashandiswa mukutorwa kwepasirese, 6 - sa2023 - yakaona kudzikira kukuru.

Huwandu hwebvumirano hwese muna 2023 hwaive hunosvika mabhiriyoni matatu emadhora, izvo zvakada kufanana nezvazvaive makore gumi apfuura. Uku kudzikira kwepasirese kwakaratidzwawo mumusika weBelgian M&A. Zvikamu zviviri muzvitatu zvevakapindura vakaona kuderera kwehuwandu hwekutengeserana muna 3, ne2023% vachiona kudzikira kweanopfuura gumi%. Maitiro ekudonha ainyanya kuoneka mukutengeserana kukuru (> € 45 miriyoni) uye kutengeserana kwaipihwa mari neakavanzika equity.

Asi zvinhu zvidiki (< €5 miriyoni) zvakaratidzawo panjodzi yekukwira kuri kuita mhindu, macro-economic shifts uye geopolitical kusagadzikana muna 2023. 46% muchikamu ichocho yakaona kudzikira, zvichienzaniswa ne33% muna 2022. Chikamu chezvinangwa zvakawanikwa kunze kwenyika yakaramba yakagadzikana zvinoshamisa (32% yehuwandu hwekutengesa), zvichireva kuti kuwedzera kwengozi dzekunze hakuna kudarika zvakanakira zvibvumirano zvepasi rose. Mikana mumisika iri kuita zvirinani ingangove nzira yevanoisa mari yekusiyanisa mapotifolio avo. 

Alexi Vangerven, Partner kuBDO Belgium: "Muna 2023, takaona kungwarira kwakawanda mumusika wekutora. Izvo hazvina kungokanganisa huwandu hwekutengeserana asiwo maitiro ari kumashure kwavo. Nhamba dzichangoburwa dzinoratidza kudiwa kuri kuwedzera kwerutsigiro rwenyanzvi. Muna 2024 tinoona makambani mazhinji achitamba-bata - pane zvakare kufarira kukuru kwekudyara uye mari inodiwa iripo. Mabhizinesi ane chinzvimbo chakasimba muketani yekukosha ndiyo inonyanya kutsvakwa. Mhedzisiro yechidzidzo ichi inosimbisawo kukwidziridzwa uku: 81% vanotarisira kuti havachazodzikira muna 2024, uye muchikamu chikuru, hapana asingasviki makumi manomwe neshanu muzana anotarisira kupedzisa mamwe madhiri.. "

Valuations yakadererawo zvishoma kudarika zvikamu zvose zvehukuru, chiyero che6.4 nguva yeEBITDA kukosha (kureva kushandiswa kwemari inoshandiswa) yakabhadharwa kutora bhizinesi muna 2023. Izvi zvaive zvishoma kudarika mugore rekodhi re2022 (6.7 times). Kudzikira uku kwaionekwa muzvikamu zvese, kunze kwezvibvumirano zvidiki (< € 5 miriyoni), izvo zvakapetwa zvakaramba zvakagadzikana mumakore mana apfuura. Zvibvumirano pamusoro pe100 miriyoni zvakaona kusimuka muna 2023: paavhareji, 10.2 nguva. kukosha kweEBITDA kwakabhadharwa, zvichienzaniswa ne9.1 muna 2022. 

Tichiri kuwana akanyanya kuwanda mune tekinoroji (9.2) uye pharma (8.9), kunyangwe iwo maitiro akadonha zvishoma. Retail, logistics uye kuvaka zvinosimudzira rondedzero, ine avhareji yakawanda ye5. Dominic Dhaene, Nyanzvi Mukufambisa uye Kubudirira paBhangi Van Breda: "Iyo 'yedenga's the limit' yapera, nevatengi nevatengesi vachigadzirisa zvavanotarisira. Kunyange zvazvo kukwira kwemitengo yekubhadhara chikwereti kwakave nemigumisiro yakaipa pakukosheswa, kuwanda kwakaramba kwakafanana kune chinangwa chakanaka. Uye kune chinangwa chine yakagadzikana kana kukura EBITDA, makambani anogona achiri kuwana mari yekutora. Chidzidzo ichi chakaratidza kuti, kupa mari yekutenga muna 2023, ingangoita 3.2 nguva iyo EBITDA inogona kukweretwa paavhareji yemubereko we4.7%. "

Vanenge vatatu kubva pa3 vakapindura vanoti nguva yeavhareji yekusvika pachibvumirano muna 4 yaive yakareba kupfuura mwedzi mitanhatu (yakatarisana ne2023% muna 6 uye 53% muna 2021).Luc Wynant, Partner kuVan Olmen & Wynant: "Kubva pane zvatinoita mumutemo wekambani takaona kuwedzera kunooneka kweurefu hwenguva yainotora kupedzisa zvibvumirano muBelgium. Iyi ndiyo mhedzisiro yehurongwa hwekukura kwekutonga kuomarara pamwe nekusachengeteka kwemusika. Kuti ugadzirise aya akachinja mamiriro emusika, kushingaira kwakasimba uye nekungwarira nhaurirano kwakakosha. "

ESG uye data analytics iri kuwedzera kukosha. 84% yevashandi vega vega equity vanosanganisira ESG mumutemo wavo wekudyara, zvichienzaniswa ne38% chete makore maviri apfuura. Panyaya ye data analytics, vanopindura vanonyanya kuona kukosha kwakawedzerwa mumatanho ekutanga ehurongwa hwechibvumirano: mukutsvaga nekuongorora. zvinangwa, data inogona kupa ruzivo pamusoro pemafambisirwo emakambani, nzvimbo yezvemari yezvinangwa uye zvingangoita synergies.42% inotaura kuti kushayikwa kweunyanzvi kuri kudzorera kushandiswa kwezvishandiso zvekuongorora data uye maitiro muM & A.

Mathieu Luypaert, Purofesa weCorporate Finance paVlerick Business School: " Kunyangwe mabhenefiti e data analytics akajeka, kune vakawanda vanopindura inoramba isina kunyorwa ndima. 80% vanoti vane ruzivo nazvo, asi vanoongorora kugona kwavo mazviri sekungogumira. Iko kukosha kwakawedzerwa kunoratidzika kunge kwakakura kune vatengi, vanoona mabhenefiti ekuongorora data anogona kuunza maererano nenguva, mutengo uye huchokwadi, uye sechishandiso chekuita sarudzo. Kune vatengesi, data inogona kubatsira kuona vangangotenga uye - kusvika padiki - inogona zvakare kuve nemhedzisiro yakanaka pamutengo wekutengesa. Chipingamupinyi chikuru ndechokuwana zvishoma kune data yakakodzera, inoteverwa nenyaya dzine hutano hwemashoko aripo, ayo dzimwe nguva anoratidza kuti haana kukwana, asinganzwisisiki kana kuti asina kururama."

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