Megadeal boosts European tech M&A

The $39b acquisition of T-Mobile USA by ATT boosted the aggregate value of European tech M&A deals in March to $57b, according to data from our good friends at Regent. But even so, deal numbers also increased, to 260 transactions, nearly 25% up on February. Regent executive chairman, Peter Rowell, reported an increase in valuation multiples, fuelled by strong buyer demand. The keynote UK deal was the £50m MBO of Access Technology Group supported by Lyceum Capital (see Lyceum gets access to Access), for which Regent advised Access. TechMarketView Foundation Service clients will be able to see our quarterly round-up of the UK software and IT services M&A scene in the next edition of IndustryViews M&A.