Regent News and Events
November saw a slowdown for M&A in the European TMT sector. There was a 16% drop in the number of deals making it the lowest monthly total so far this year. The aggregate deal value of $11 billion was the lowest since February. Valuation multiples fell with the Price/Sales ratio down to 1.3 from 1.5 and the Price/EBITDA ratio down to 8.7 from 9.5. Listed technology companies, as represented by the UK TechMark index, fell another 3.4% in November.
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