Strategic M&A continues to drive this quarter’s deal activity, namely acquiring footholds in near/offshore hotspots, vendor-specific tech stacks (particularly AWS, Salesforce and SAP) and or next-gen capabilities, such as conversational AI and data analytics. Deal activity is up 13% in Q2 (compared to Q2 2021), with 187 transactions, whilst Results’ customer engagement (77%) and applications (88%) segments saw the biggest increase in deal volumes over the same time period
Public tech companies broadly tracked the NASDAQ’s trajectory, with an expected dip driven by macro factors. However, median EV/EBITDA multiples have remained strong in Q2, with Data Service Providers (13.9x) and IT / Consulting Services (10.8x) continuing to trade at double-digit EBITDA multiples on public markets
In Q2 2022, Results advised Growth Capital Partners on its investment in Container Solutions, a specialist cloud service provider, and Search Labs, a data-driven digital and performance marketing, on its sale to Havas Group