HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 57
TMT
STRONGTMT DEAL MOMENTUM LOOKS SET TO CONTINUE IN 2022
BART PAALMAN PARTNER
PATRICK BISCEGLIA MANAGING DIRECTOR
bart.paalman@bdo.nl
pbisceglia@bdocap.com
Technology, media, and telecoms (TMT) mid-market deal and valuation numbers were strong throughout 2021. Ongoing trends and dynamics point to that momentum continuing in 2022. Following initial weakening activity in early 2019, mid-market TMT M&A deal volumes and valuations have bounced back. Since then, deal numbers have shown a strong upward trend. 2021 set a series of high watermarks, led by booming technology sub-sectors, including healthcare technology, manufacturing technology and the continued growth of e-commerce. On the investor side, ample dry powder and increased competition for attractive TMT targets have pushed deal totals and valuations higher. Much evidence indicates that TMT’s remarkable M&A performance will continue throughout the year ahead.
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