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Trend Reports

2012 Mid Year

 
 

2012 l 1st Half l Trends Report l Financial Technology and Information Industry

Monday, July 16, 2012

1ST HALF 2012 KEY HIGHLIGHTS

  • SAP America, Inc.'s announced acquisition of Ariba, Inc. was the largest transaction for 1st Half 2012, with an acquisition price of $4.40 billion.
  • The most active acquirer in the Financial Technology & Information Industry for 1st Half 2012 was Thomson Reuters with five transactions: Zawya, the mutual fund database of The Globe and Mail Inc., Fast Facts Computer Systems Ltd., BizActions, and Dr Tax Software Inc.

1ST HALF 2012 KEY TRENDS

  • Total transaction volume in 1st Half 2012 decreased by five percent over 2nd Half 2011, from 155 to 148.
  • Total transaction value in 1st Half 2012 increased by 24 percent over 2nd Half 2011, from $8.87 billion to $11.02 billion.
  • The median revenue multiple improved from 2.3x in 2nd Half 2011 to 2.7x in 1st Half 2012. The median EBITDA multiples rose from 11.4x to 16.1x.

M&A Market Overview

Berkery Noyes tracked 735 transactions between 2010 and 1st Half 2012, of which 284 disclosed financial terms, and calculated the aggregate transaction value to be $53.96 billion. Based on known transaction values, we project values of 451 undisclosed transactions to be $1.19 billion, totaling $55.16 billion worth of transactions tracked over the past two and a half years.

Based on value, the largest market segment during the timeframe covered in this report was Payments with $21.47 billion worth of transactions.

Out of 735 transactions tracked by Berkery Noyes between 2010 and 1st Half 2012, we found that 118 financially sponsored transactions accounted for 16 percent of the total transactions, yet they totaled $16.98 billion, representing 31 percent of aggregate transaction value over the past two and a half years.



 

Transaction Volume/Value & Multiples

Median EV/Revenue Multiples

Strategic vs. Financial Comparison

Transactional Analysis

Transaction By Volume Segment

Footnotes