Deal flow surges as TIC passes the COVID-19 test

TIC Spot On

The thriving TIC sector continues to attract heavy investment from private equity due to increasing demand for global supply chain regulation and compliance, standardization and a strong focus on health and safety during the pandemic. Oaklins’ specialist Arjen Kostelijk casts his eye back over Q4 2020’s frenetic M&A activity to give a breakdown of relevant deals and looks forward to the future to see what’s driving the global TIC market’s 3.6 % CAGR growth forecast.

The last quarter of 2020 has seen a surge of TIC deals, with a large piece of the pie for private equity and private-equity-backed acquirors. ARJEN KOSTELIJK, TIC SPECIALIST, OAKLINS

This month’s case study covers the sale of Irish-based, niche health and safety business ASM Group to Phenna Group, a UK group of specialist businesses focused on the testing, inspection, certification and compliance (TICC) sector. We round up this issue of Spot On with the latest market multiples and valuations to keep you up-to-date with current industry trends.