Without the $14bn megamerger between T-Mobile USA and MetroPCS Communications, activity and valuations for deals involving European TMT companies would still be showing little sign of uptick in October, according to data from corporate finance firm Regent Partners International. The deal counter has been stuck at 230 transactions a month for each of the past three months, though attractive valuations in a couple of other deals also boosted deal multiples.
There also wasn’t any notable acquisition activity in the UK software and IT services market last month, but eligible TechMarketView subscription service clients can catch up on the prior quarter with our recently published IndustryViews Corporate Activity review.