TMT Update : Fourth 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
Q4 2013 was characterised by a further increase in M&A activity for the TMT industry following the trend of the previous two quarters. Year-on-year M&A transactions in Europe declined by 16.1% whereas the Belgian activity accelerated by 33.3%. The involvement of private equity players decreased in Europe to 31.8% whereas Belgium represents an involvement rate of 25.0% which is remarkably lower than the first quarter (54.5%).
- Technology remains the sector with the largest amount of transaction in the TMT industry (59.9%) whereas private equity players are involved in 35.6% of the transactions;
- Media represents 18.0% of the M&A market whereby private equity players are participating in 10.4% of the transactions;
- Telecommunication & Cross-sector are responsible for respectively 13.5% and 8.6% of the transactions in the TMT market whereas the involvement of private equity players increased to 25.0% in the telecom sector and to 60.9% in the cross-sector.
Download the TMT Update for more information.