2017-04-14 Fintech M&A: More Deals, Less Value

According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016. The banks suggests that for those deals, “the median revenue multiple decreased from 3.2x to 2.3x, while the median EBITDA improved from 11.4x to 13.1x” on an annual basis.