IT & Telecom Q1 2020

Q1 2020 IT Telecom

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
    • Zayo Group Holdings, Inc.
    • EQT Partners AB; Digital Colony Management, LLC; Devonshire Investors, LLC
    • $14,438.24
    • Honey Science Corporation
    • PayPal Holdings, Inc.
    • $4,000.00
    • Cision Ltd.
    • MJ23 UK Acquisitions Limited
    • $2,877.74
    • AECOM Management Services, Inc.
    • American Securities, LLC; Lindsay Goldberg, LLC
    • $2,405.00
    • Instructure, Inc.
    • Thoma Bravo, LLC
    • $2,068.24
    • Armis, Inc.
    • Insight Venture Management, LLC; CapitalG Management Company, LLC
    • $1,100.00
    • AVX Corporation
    • Kyocera Corporation
    • $1,046.11
    • Shape Security, Inc.
    • F5 Networks, Inc.
    • $1,028.00
    • Software Solutions Business of Pitney Bowes, Inc.
    • Starfish Parent, LP
    • $700.00
    • Care.com, Inc.
    • IAC/Interactive Corp
    • $654.78

 

Source S&P Capital IQ as of 4/13/2020 and PCE Proprietary Data

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Contacts

Michael Poole

Orlando Office

407-621-2112

Michael Rosendahl

New York Office

201-444-6280 Ext 1

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Fingas, Jon, “FCC Gives T-Mobile Extra Spectrum to Cope with Demand During Coronavirus,” Engadget, Mar. 15, 2020.
  2. Goovaerts, Diana, “Verizon Boosts Network Spend,” Mobile World Live, Mar. 13, 2020.
  3. Lee, Edmund, “T-Mobile Closes Merger With Spring, and A Wireless Giant Is Born,” The New York Times, April 1, 2020.
  4. Ferek, Katy, “Senate Oks $1 Billion for Rural Telecom Carrier to Replace Huawei Gear,” Wall Street Journal, Feb. 27, 2020.
  5. Elbardicy, Mohamad & Emma Bowman, “Cybersecurity Lawyer Who Flagges the WHO Hack Warns of “Massive” Remote Work Risks,” Morning Edition, NPR, March 30, 2020.
  6. Swanson, Ana, “Trump Administration Blocks Chinese Acquisition of Hotel Software Company,” Wall Street Journal, Mar. 6, 2020.

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