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

March 2018 newsletter

The number of European TMT deals increased slightly in March but remained below the longer term monthly average of 300, while the total value of deals remained steady at about $27 billion.

 

Valuation multiples diverged again with the Price/Sales ratio up from 1.4 to 1.6 but the Price/EBITDA ratio was down from 7.6 in February to 6.7 in March.

 

Listed technology companies, as represented by the UK TechMark index, experienced a 7% drop during the month before recovering to just 2% down by the end of March.

February 2018 newsletter

There was a 30% drop in the number of European TMT deals in February but the total value of deals was marginally higher.

 

There were 16 deals valued at more than $100 million, including 4 in excess of $1 billion, which contributed to an aggregate value of $29 billion in the month.

 

Valuation multiples saw the Price/Sales ratio unchanged at 1.4 but the Price/EBITDA ratio was down from 8.5 in January to 7.6 in February.

 

Listed technology companies, as represented by the UK TechMark index, fell 3% in February.

January 2018 newsletter

European TMT M&A activity remained steady in January with only a small drop in the number and total value of deals.

 

There were 15 deals valued at more than $100 million including 4 in excess of $1 billion which contributed to an aggregate value of $27 billion in the month.

 

Valuation multiples diverged with the Price/Sales ratio unchanged at 1.4 but the Price/EBITDA ratio was down from 9.3 in December to 8.5 in January.

 

Listed technology companies, as represented by the UK TechMark index, fell 3% in January.

December 2017 newsletter

Although there were fewer European TMT M&A transactions announced in December, there were 21 deals valued at more than $100 million including 5 in excess of $1 billion which helped lift the aggregate value to $32 billion in the month.

 

Valuation multiples remain healthy with the Price/Sales ratio up from 1.3 in November to 1.4 in December but the Price/EBITDA ratio was down from 10.0 in November to 9.3.

 

Listed technology companies, as represented by the UK TechMark index, gained 3% in December.

Latest Quarterly Reports

1st quarter 2018:

3rd quarter 2017:

2nd quarter 2017:

2017 Annual Technology M&A Review