TMT Update : Third Quarter 2013
Deloitte Financial Advisory Services
This quarter’s TMT Update, produced by Deloitte Financial Advisory Services, summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights
Q3 2013 was characterised by a further increase in M&A activity for the TMT industry following the trend of Q2 2013. Year-on-year M&A transactions in Europe declined by 7.0% whereas the Belgian activity accelerated by 160.0%. The involvement of private equity players increased slightly in Europe to 40.8% whereas Belgium represents an involvement rate of 15.4% which is remarkably lower than the first quarter (54.5%).
- Technology remains the sector with the largest amount of transactions in the TMT industry (53.8%) whereas private equity players are involved in 50.4% of the transactions;
- Media represents 19.1% in the M&A market whereby private equity players are participating in 23.9% of the transactions;
- Telecommunication & Cross-sector are responsible for respectively 12.1% and 15.0% of the transactions in the TMT market whereas the involvement of private equity players in the transactions was stable in the telecom sector and decreased in the cross-sector compared to the previous quarter.
Download the TMT Update for more information.