TECH EXIT TRANSACTION MULTIPLES – Europe 2018 Edition

Get unique insights on the Tech M&A market in Europe !

Cover Page Report

Year after year, Avolta Partners has sought to provide a fresh and quantitative approach to startup valuations in France and in Europe. In this edition, we have sought to address Tech exits in Europe. To do so, we have analyzed over 2500 European Tech exits from 2015 to 2017.

The vast majority of entrepreneurs use M&A as exits in Europe. Numbers are 91% M&A; 4% LBO’s and 5% IPO’s (the latter number includes Nasdaq Listings).

Under these conditions, it becomes essential for any actor interested in this ecosystem to understand the main underlying factors of Tech M&A in Europe. Therefore, we have attempted to give valuable insights to three major questions:

  • Who are the typical acquirers ?
  • In what extent acquirers’ profile and typology determine acquirers’ motivation and dynamics ?
  • What are the most telling criteria for exit valuations and dynamics : Sector ? Business Model ? Maturity ? Acquirer motivations ?

What’s in the report ?

European Trends
European Trends
Who invests and why ?
Who invests and why ?
Transaction Multiples
Transaction Multiples
Methodology
Methodology