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    Tech, Media & Telecom Q1 2022

    Q1-2022-Tech-Media-Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Xilinx, Inc.
    • Advanced Micro Devices, Inc.
    • $36,788.85
    • McAfee Corp.
    • Advent International Corporation; GIC Pte. Ltd.; Canada Pension Plan Investment Board; Abu Dhabi Investment Authority; Permira Advisers LLC; Crosspoint Capital Partners, LP
    • $20,862.21
    • Nuance Communications, Inc.
    • Microsoft Corporation
    • $19,796.03
    • GreenSky, Inc.
    • Goldman Sachs Bank USA
    • $2,840.28
    • SimpleNexus, LLC
    • nCino, Inc.
    • $1,168.30
    • MoPub, Inc.
    • AppLovin Corporation
    • $1,050.00
    • Linode, LLC
    • Akamai Technologies, Inc.
    • $900.00
    • Payrix Solutions, LLC
    • Fidelity National Information Services, Inc.
    • $777.00
    • ITRenew, Inc.
    • Iron Mountain Incorporated
    • $725.00
    • Power Line Systems, Inc.
    • Bentley Systems, Incorporated
    • $700.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • COPT DC-6
    • Cloud Capital
    • $22.50
    • TriMech Solutions, LLC
    • Sentinel Capital Partners, L.L.C.
    • n/a
    • AirDNA LLC
    • Alpine Management Services III, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • AlsoEnergy, Inc.
    • Stem, Inc.
    • $682.28
    • Four Existing Data Centers in Houston, Texas
    • DataBank Holdings, Ltd.
    • $670.00
    • Royal Die & Stamping Co., Inc.
    • Eaton Corporation plc
    • $600.00

     

    Source S&P Capital IQ as of 4/4/2022 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    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. Lombardo, C., Grind, K., & Tilley, A. (2022, January 18). Microsoft to Buy Activision Blizzard in All-Cash Deal Valued at $75 Billion. The Wall Street Journal.
    2. “Nvidia Calls Off Its Efforts to Acquire Arm” , Frederic Lardinois, TechCrunch, February 8, 2022.
    3. Shead, S. (2022, March 8). Google to acquire cybersecurity firm Mandiant for $5.4 billion. CNBC.
    4. Feuer, W., Volz, D., & Uberti, D. (2022, March 8). Google to Buy Cybersecurity Firm Mandiant in $5.4 Billion Deal. The Wall Street Journal.
    5. Michaels, D., Schechner, S. (2022, March 25). U.S., Eu Reach Preliminary Deal on Data Privacy. The Wall Street Journal.
    6. Joint Cybersecurity Advisory. (2022, February 9). AA22-040A: Trends Show Increase Globalized Threat of Ransomware. Cybersecurity & Infrastructure Security Agency (CISA).

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