TMT Update : Third Quarter 2012
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
In Q3 2012, the M&A activity in the TMT industry stabilised compared to Q2’13. Year-on-year M&A activity in Europe decreased by 7.8%, whereas Belgian activity decreased by 44.4%. Involvement by private equity has decreased significantly to 27.5% of all European transactions down from 44.3% in Q3’11. In Belgium, private equity was not involved in any transactions.
- Technology related transactions represent 69.8% of all transactions in the TMT industry with private equity being involved in more 73% of the transactions;
- Media represents 15.9% of transactions completed. Whereby, private equity participated in 29.2% of the transactions
- Telecommunication & Cross-sector: The telecommunications sector witnessed a sharp decrease in activity as it only represents 8.9% of all transactions down from 13.0% in Q2’12. The drop in private equity transactions explains 90% of this sharp decrease in activity. Cross-sector transactions remained stable compared to Q2’12.
Download the TMT Update for more information.