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    IT & Telecom Q1 2021

    Q1 2021 IT Telecom

    M&A Transaction Trends

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
      • ZeniMax Media, Inc.
      • Microsoft Corporation
      • $7,500.00
      • Acacia Communications, Inc.
      • Cisco Systems, Inc.
      • $5,062.84
      • OSIsoft, LLC
      • AVEVA US 1 Corp; AVEVA US 2 Corp.
      • $5,019.60
      • Endurance International Group Holdings, Inc.
      • Clearlake Capital Group, L.P.
      • $3,245.63
      • ION Media Networks, Inc.
      • Scripps Media, Inc.
      • $2,650.00
      • Virtusa Corporation
      • Baring Private Equity Asia
      • $2,464.48
      • Fitbit, Inc.
      • Google, LLC
      • $2,265.32
      • Nuvia, Inc.
      • Qualcomm Technologies, Inc.
      • $1,400.00
      • Zayo Colocation, Inc.
      • DataBank Holdings, Ltd.
      • $1,400.00
      • Sparta Systems, inc.
      • Honeywell International, Inc.
      • $1,300.00

     

    Source S&P Capital IQ as of 4/12/2021 and PCE Proprietary Data

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    Michael Rosendahl

     

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    Will Stewart

     

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    whitcomb-woody

     

    Woody Whitcomb

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    Michael Poole

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    Valuation

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    Mackenzie Moran

     

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    mmoran@pcecompanies.com

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    Isabel Carta

     

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    Investment Banking

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    Philipp Seubert

     

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    Rachel Pearl

    Valuation

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    R Winston 667 x 667

     

    Richard Winston

    Valuation

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    rwinston@pcecompanies.com

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    Thomas Harrington

     

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    tharrington@pcecompanies.com

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    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. “Supreme Court Sides with Google Over Oracle in Multibillion-Dollar Copyright Battle,” Kendall, Brent, The Wall Street Journal, April 5 2021.
    2. Ziobro, Paul. “Facebook to Spend $1 Billion on News Content Over Three Years.” The Wall Street Journal, Dow Jones & Company, 24 Feb. 2021.
    3. Castellanos, Sara. “Quantum-Computing Startup IonQ Plans Public Debut in $2 Billion SPAC Merger.” The Wall Street Journal, Dow Jones & Company, 8 Mar. 2021.
    4. FitzGerald, Drew, and Sam Goldfarb. “5G Rivals Face an $81 Billion Tab After Spectrum Buying Spree.” The Wall Street Journal, Dow Jones & Company, 17 Jan. 2021.
    5. Boston, William, et al. “How Car Makers Collided With a Global Chip Shortage.” The Wall Street Journal, Dow Jones & Company, 12 Feb. 2021.
    6. Jie, Yang. “Fire at Giant Auto-Chip Plant Fuels Supply Concerns.” The Wall Street Journal, Dow Jones & Company, 23 Mar. 2021.
    7. Mims, Christopher. “Elon Musk and Amazon Are Battling to Put Satellite Internet in Your Backyard.” The Wall Street Journal, Dow Jones & Company, 20 Mar. 2021.
    8. Hagey, Keach, and Suzanne Vranica. “How Covid-19 Supercharged the Advertising 'Triopoly' of Google, Facebook and Amazon.” The Wall Street Journal, Dow Jones & Company, 19 Mar. 2021.
    9. Tilley, Aaron. “Intel CEO Presses Turnaround Effort With $20 Billion Investment Plan.” The Wall Street Journal, Dow Jones & Company, 23 Mar. 2021.

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