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Christian Klingbeil
Partner, Deal Advisory - Valuation
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 89 9282 1284 Christian
Klingbeil
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Current Issue:
The new edition of our newsletter on transactions in the global chemicals industry glances back at the significant deals that took place in Q1 2024 and provides further insights on the industry’s market trends.
- During the first quarter of 2024, deal volume and value declined by 5% and 80%, respectively, due to rising energy prices, high production costs and increased feedstock costs (particularly in the European region).
- Overcapacity in several petrochemicals’ value chains and slower-than-expected growth in China, further led to decline in investor confidence. The absence of major deals (> US$ 1 bn) in Q1 2024 also contributed to the decline in overall deal value.
- The deal landscape is poised for a notable rise in tech-driven transactions, driven by commitments to sustainability and ESG goals.
- Additionally, private equity deals are expected to play a larger role as aging portfolio companies would enter the market, owing to the need of exiting these investments.
