TMT Update : First 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
Q1 2013 was characterised by a further decrease in M&A activity for the TMT industry following the trend at the end of 2012. Year-on-year M&A transactions in Europe declined by 23.1% whereas the Belgian activity accelerated by 57.1%. The involvement of private equity players was rather stable in Europe (29.2%) whereas Belgium represents an involvement rate of 54.5% which is in line with the previous quarter (55.6%).
- Technology remains the sector with the largest amount of transactions in the TMT industry (59.2%) whereas private equity players are involved in 32.8% of the transactions;
- Media represents 24.1% in the M&A market whereby private equity players are participating in 19.2% of the transactions;
- Telecommunication & Cross-sector are responsible for respectively 13.0% and 3.7% of the transactions in the TMT market whereas the involvement of private equity players in the transactions decreased compared to the previous quarter.
Download the TMT Update for more information.