Nader Mousavi, Co-Head of S&C’s Intellectual Property & Technology Group, spoke to Mergermarket about expectations for M&A activity in the North America TMT sector. Nader cited reasons why M&A activity could increase this year. First to prepare for a possible recession, tech companies “could hunker down further by shedding or reorganizing non-core product lines to focus on core profitable product lines.” He also noted that demands from activist investors, who have been targeting the tech sector, could spur M&A deals.
Although M&A activity has slowed since the record levels of 2021, Nader expects increased dealmaking as the year progresses and sellers adjust their valuation expectations. “Mandates are plentiful across the TMT industry, and the competitive market to win mandates on high-end deals has not materially changed,” he said.
Read “North America TMT Advisory Viewer: Cost-cutting, activism could generate mandates following IB fee drop.”
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