Daily News: October 23, 2014

Financial Technology M&A Deal Value Reaches $10B in Q3/14

Berkery Noyes released its Q3/14 mergers and acquisitions trend report for the Financial Technology and Information Industry, reporting volume remained nearly constant over the past three months.

However, aggregate deal value almost doubled, from $5.3 billion to $10.0 billion. This was also the peak for value throughout the past year-and-a-half on a quarterly basis. In terms of valuations, the median revenue multiple from 2013 through the first three quarters of 2014 increased from 2.3x to 3.2x, while the median EBITDA multiple rose from 12.0x to 16.2x.

Seven of the report’s top ten largest deals year-to-date occurred in the Payments segment. Three of these transactions occurred in third quarter 2014, two of which reached the $1 billion threshold. This consisted of FleetCor’s acquisition of Comdata Corporation for $3.5 billion and Ingenico Group’s acquisition of GlobalCollect for $1.1 billion.

To view the full Berkery Noyes report, click here.