H1 2018 Knowledge Economy Global M&A Update

Buyers focused on a smaller number of transformational deals in the first half of the year, as tapering of quantitative easing programs accelerates

By Ramone Param, Director, Equiteq

  • Strong rise in average deal size and valuation multiples in H1 2018
  • The number of completed deals fell 5% on H1 2017
  • Activity remains focused on IT services and management consulting
  • Equiteq Knowledge Economy Share Price Index continues to reach new highs

Across the global knowledge economy in the first half of the year, average M&A deal sizes and valuation multiples rose markedly, but the number of completed deals fell. Many buyers pushed ahead with a smaller number of larger transformational deals for their businesses at premium prices in the current low interest rate environment. This is against a backdrop of rising signs that quantitative easing programs are coming to an end across developed economies.

The following trends are discussed in more detail in our recent mid-year M&A update report.

Continue reading