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.
SUBSCRIBE

Latest Monthly Newsletters

December 2018 newsletter

European TMT M&A activity ended a strong final quarter with the number of deals announced in December remaining almost unchanged from November.

 

Valuation multiples increased during the month with the Price/Sales ratio up from 1.4 in November to 1.9 in December and the Price/EBITDA ratio up from 9.0 in November to 9.9 in December.

 

Continuing stock market volatility resulted in listed technology companies, as represented by the UK TechMark index, losing 5.3% in December.

November 2018 newsletter

European TMT M&A activity remained strong in November in terms of both the number of deals and their aggregate value.

 

Valuation multiples were again slightly lower with the Price/Sales ratio down from 1.7 in October to 1.4 in November and the Price/EBITDA ratio down from 9.4 in October to 9.0 in November.

 

It was a better month for listed technology companies, with those represented by the UK TechMark index gaining 5.9% in November.

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.

Latest Quarterly Reports

3rd quarter 2018:

2nd quarter 2018:

1st quarter 2018:

2018 Annual Technology M&A Review