HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 59
CYBERSECURITY
A DRIVER FOR TMT’S STRONG M&A START TO 2022
PATRICK BISCEGLIA MANAGING DIRECTOR
pbisceglia@bdocap.com
Technology, media, and telecoms (TMT) mid-market deals maintained momentum in the first quarter of 2022. Cybersecurity deals were among the drivers. Considering the backdrop, TMT’s mid- market M&A performance in Q1 2022 is especially impressive. Deal activity slowed across most industries as global markets and investors wrestled with rising interest rates, inflation, and uncertainties created by Russia’s invasion of Ukraine. Massive cybersecurity deals, such as Google’s USD 5.4 billion acquisition of Mandiant, stole many headlines. However, activity and deal multiples are on the up across the space, as cybersecurity companies garner interest from all sides.
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