IT & Telecom Q4 2019

IT & Telecom Q4 2019

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
    • Enterprise Security Assets of Symantec Corporation
    • Broadcom, Inc.
    • $10,700.00
    • Versum Materials, Inc.
    • MERCK Kommanditgesellschaft auf Aktein
    • $6,988.38
    • Assurance IQ, Inc.
    • Prudential Financials, Inc.
    • $3,500.00
    • Pivotal Software, Inc.
    • VMware, Inc.
    • $3,349.32
    • Cox Media Group
    • Apollo Global Management
    • $3,100.00
    • Presidio, Inc.
    • BC Partners
    • $2,406.13
    • Gannett Co., Inc.
    • New Media Investment Group Inc.
    • $2,295.76
    • Carbon Black, Inc.
    • VMware, Inc.
    • $2,208.43
    • IM Flash Technologies, LLC
    • Micron Technology, Inc.
    • $1,500.00
    • Carbonite, Inc.
    • Open Text Corporation
    • $1,494.37

 

Source S&P Capital IQ as of 1/10/2020 and PCE Proprietary Data

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Michael Poole

Orlando Office

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Michael Rosendahl

New York Office

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Andre Sutherland

 

Andre Sutherland

Valuation

Orlando Office

407-621-2119 (direct)

asutherland@pcecompanies.com

Connect
407-621-2119 (direct)

407-621-2199 (fax)

Daniel Kvarnberg

 

Daniel Kvarnberg

Valuation

Orlando Office

407-621-2132 (direct)

dkvarnberg@pcecompanies.com

Connect
407-621-2132 (direct)

407-621-2199 (fax)

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)

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. Fitzgerald, D., Kendall, B., “T-Mobile, Sprint Head to Court to Defend Merger”, The Wall Street Journal, 9 December 2019.
  2. Dabai, M., Fitch, A., “Intel Deepens AI Push With $2 Billion Purchase of Habana Labs”, The Wall Street Journal, 16 December 2019.
  3. Rothman, W., Stern, J., “Tech That Will Change Your Life in 2020”, The Wall Street Journal, 27 December 2019.
  4. Singh, S., “Quantum leap: Global deployment of 5G network for a hyper-connected world”, The Economic Times, 29 December 2019.
  5. FitzGerald, D., “Wireless Companies Share the Airwaves”, The Wall Street Journal, 28 December 2019.
  6. Strumpf, D., “Huawei’s Revenue Hits Record $122 Billion in 2019 Despite U.S. Campaign”, The Wall Street Journal, 30 December 2019.
  7. Shepardson, D., “U.S. regulator proposes splitting auto safety spectrum to boost Wi-Fi”, Reuters, 20 November 2019.
  8. Bose, S., “Here’s How 2019 Unfolded for the Telecommunications Sector” Yahoo Finance, 30 December 2019.

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