PE interest in the global TIC sector fuels M&A activity
TIC Spot On
While the global economy continues to face a lot of uncertainty, key factors are contributing to strong M&A activity within the Testing, Inspection and Certification (TIC) sector, as reported in our latest Spot On.
What we see in these uncertain times is that private equity investors are seeking non-cyclical businesses with high levels of recurring revenues. Therefore, we expect that private equity activity in the TIC sector will continue to be strong.ARJEN KOSTELIJK, TIC SPECIALIST, OAKLINS
Oaklins’ TIC specialist, Arjen Kostelijk, delves into market trends and considerations such as the robustness of the TIC industry due to the regulatory and recurring nature of these services. We also provide an outline of recent TIC transactions from across the world, in the main areas of food and environmental, building, industrial and products, and healthcare.
The case study in this edition looks at the acquisition of CAG Groep by SOCOTEC Group from Gate Invest, a transaction where Oaklins acted as the exclusive sell-side advisor to CAG’s shareholders. You can also find data regarding multiples and valuation levels for listed TIC companies, which have decreased since the beginning of 2022.
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