Advisers who understand your sector
Our Tech, media and telecoms sector team brings together a broad range of experience across the electronics, software, e-commerce, internet, marketing, media, IT, mobile and telecommunications products and service industries. Members of our advisory team have worked in an operational, management or advisory capacity for a wide variety of companies in the sector, including:
Key Tech, media and telecoms market themes for 2016 H2:
Technology-Driven Acquisitions on the Rise
Established players have demonstrated they are not afraid to pay strategic prices for technology they consider truly ground-breaking and capable of positioning their business for the future, even if the product and/or market fit is unproven. A recent example is Twitter’s $150m acquisition of Magic Pony Technologies, a < 3 year old machine learning company.
Ongoing Consolidation of the “Old TMT Economy”
Over the last 18 months, further waves of consolidation have come to bear in the “old economy” technology industries. Perhaps the most volatile has been the semiconductor sector, which saw over $100bn of transactions in 2015 alone.
European Private Equity Holds Steady
There were 350 European private equity-backed deals in Q2 2016, a decline of circa 8% on the 381 deals in Q1 2016. Sizeable value creation opportunities remain in the European Private Equity market, despite the well-publicised macroeconomic headwinds of Brexit and the Eurozone crisis.
Buyer Universe Changing Dramatically
Increasingly, the buyers involved in TMT sector transactions are no longer just TMT players. Executives in other sectors are increasingly conscious that their technology strategy will be key to the ongoing competitiveness of their business, regardless of their sector.
International M&A trends & market analysis
The following Tech, media and telecoms sector market data and commentary are produced by our market research team and global Tech, media and telecoms sector specialists as part of our semi-annual all sectors global report. The data are organised into all Tech, media and telecoms businesses valued over $5m “All Market” and Tech, media and telecoms businesses valued in the range $5m to $150m the “Lower-Mid Market”.
Historic valuation trends:
The following chart shows international Tech, media and telecoms sector business valuations over time, based on semi-annually averaged transactional data:
Regional valuation variation:
The following chart shows international Tech, media and telecoms sector business valuations by region, based on listed company multiples as at 20 September 2016: