Regent News and Events
European TMT sector M&A got off to a strong start after two slower months with 295 deals announced in January. However, the aggregate deal value dropped to $20 billion, as there were fewer of the very large deals. Valuation multiples in terms of the Price/Sales ratio increased from 1.3 to 1.6 while the Price/EBITDA ratio eased down from 8.8 to 8.5. Listed technology companies, as represented by the UK TechMark index, did not have such a good start to the year, falling 4.4% in January.
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