We released our M&A outlook for 2009 -10. In it, we address the outlook for m&a among middle-market tech and digital information companies in the context of five predictions:
- M&A for middle-market tech and digital information firms is down–but not out.
- The IPO market for middle-market tech and digital information firms is AWOL and will remain absent through 2010.
- VC and PE players will stay on the sidelines for larger deals through 2010—but they will remain open to investments in smaller firms.
- M&A prices for tech and digital information transactions will be grounded in economic reality, but strong mid-market tech companies will still command strong prices.
- Strategics (not financial sponsors) will make up the vast bulk (98%+) of both buyers and sellers through 2010. Virtually all deals will be under $250 million.
You can read the entire report at http://www.marlinllc.com/_media/download/MA_Outlook_09-10.pdf