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December 2012 - Monthly Briefing

The number of deals involving European TMT companies has been steady at about 250 per month for the last three months. December completed a strong quarter for high value deals with aggregate deal value reaching $17 billion in the month. Valuation multiples remained stable with the rolling 3 month average price-earnings (P/E) multiple in the sector at 16 and the price-sales (P/S) multiple at 1.25.

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