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    IT & Telecom Q2 2020

    Q2 2020 IT Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
      • Sprint Corporation
      • T-Mobile, Inc.
      • $83,649.18
      • Cypress Semiconductor Corporation
      • Infineon Technologies AG
      • $10,352.33
      • Mellanox Technologies, Ltd.
      • NVIDIA Corporation
      • $7,329.02
      • Tech Data Corporation
      • Apollo Global Management, Inc.
      • $6,914.79
      • Anixter International, Inc.
      • WESCO International, Inc.
      • $5,282.61
      • TiVo Corporation
      • Xperi Holding Corporation
      • $2,211.15
      • KEMET Corporation
      • Yageo Corporation
      • $1,971.85
      • Ziply Fiber
      • Canada Pension Plan Investement Board; British Columbia Investment Management Corporation; Public Section Pension Investment Board; Searchlight Capital Partners, L.P.; WaveDivision Capital LLC
      • $1,352.00
      • Saba Software, Inc.
      • Cornerstone OnDemand, Inc.
      • $1,294.88
      • Vlocity, Inc.
      • salesforce.com, inc.
      • $1,200.00

     

    Source S&P Capital IQ as of 7/15/2020 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

    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. Mickle, T., “Apple Is the Newest Chip Giant in Town,” The Wall Street Journal, June 23, 2020.
    2. FitzGerald, D., Krouse, S., “White House Considers Broad Federal Intervention to Secure 5G Future,” The Wall Street Journal, June 25, 2020.
    3. “U.K. to Ban Huawei From its 5G Networks Amid China-U.S. Tensions,” The Wall Street Journal, July 14, 2020.
    4. “Over 400 Advertisers Hit Pause on Facebook, Threatening $70 Billion Juggernaut,” National Public Radio, July 1, 2020.
    5. Krouse, S., “T-Mobile to Feel Coronavirus Pain Through 2020,” The Wall Street Journal, May 6, 2020.
    6. Winkler, R., Haggin, P., “America Is Reopening. Coronavirus Tracing Apps Aren’t Ready.” The Wall Street Journal, June 22, 2020.
    7. Lombardo, C., “Dell Explores Spinoff of $50 Billion Stake in VMware,” The Wall Street Journal, June 23, 2020.

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