Insights

Keeping you informed about technology M&A trends and activity

Every month we publish a newsletter summarising recent technology M&A deals, every quarter we produce a report about the trends that we see, and we do an annual roundup at the end of each year.
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Latest Monthly Newsletters

October 2018 newsletter

European TMT M&A activity continued to recover from the summer lull in terms of both the number of deals and their aggregate value.

 

Valuation multiples were slightly lower with the Price/Sales ratio down from 1.9 in September to 1.7 in October and the Price/EBITDA ratio down from 9.8 in September to 9.4 in October.

 

It was a disappointing month for listed technology companies, with those represented by the UK TechMark index dropping 5.8% in October.

September 2018 newsletter

The summer slow-down in European TMT M&A activity, which started in August, continued into September and the aggregate deal value of $10 billion was the lowest since April 2017.

 

However, valuation multiples improved with the Price/Sales ratio up from 1.6 in August to 1.9 in September and the Price/EBITDA ratio up from 9.6 in August to 9.8 in September.

 

Listed technology companies, as represented by the UK TechMark index, gained 0.2% in September.

August 2018 newsletter

The usual summer slow-down in European TMT M&A activity was much more evident this year with a 36% drop in the number of deals announced during August. The aggregate deal value was correspondingly lower.

 

Valuation multiples were slightly lower with the Price/Sales ratio down from 1.7 in July to 1.6 in August and the Price/EBITDA ratio fell from 10.9 in July to 9.6 in August.

 

Listed technology companies, as represented by the UK TechMark index, fell 2.5% in August.

July 2018 newsletter

European buyers resumed a strong position amongst the top global TMT deals in July. During the month there were seven deals valued at more than $1 billion involving European TMT companies.

 

Valuation multiples remained strong with the Price/Sales ratio up from 1.6 in June to 1.7 in July and the Price/EBITDA ratio was unchanged at 10.9.

 

Listed technology companies, as represented by the UK TechMark index, gained 1.8% in July.

Latest Quarterly Reports

3rd quarter 2018:

2nd quarter 2018:

1st quarter 2018:

2017 Annual Technology M&A Review