Valuations ease for European tech M&A

Although the number and value of European tech M&A deals has stabilised in recent months, valuation multiples have fallen back, according to latest data from corporate finance firm Regent Partners (International). Deal flow has been relatively stable over the past three months as around 235 a month, with aggregate value around the $10b mark. But Regent noted that median price/sales ratio settled back to 1.0 though median price/earnings ratio remained around 17. Eligible TechMarketView subscription service clients will be able to see our analysis of M&A and private equity activity in the UK software and IT services scene in the forthcoming inaugural edition of IndustryViews Corporate Activity.