TMT sector leads M&A activity

Monthly deal activity I May 2022

Despite current market conditions, business owners still very much have their sights set on growth and we see M&A play a leading role in this strategy. Understandably, rising concerns about issues such as geopolitics, climate change, inflation and the cost of capital, to name but a few, have led to more caution, in-depth diligence and analysis of potential assets to make sure they are the best fit to support companies’ future plans.

However, as the saying goes "Necessity is the mother of invention" so it’s unquestionable that the challenges we’re facing now need innovation and smart business development for us to successfully overcome them, meaning opportunities for growth and investment are definitely available.

In May, we closed 15 M&A transactions, of which 11 were sell-side transactions and 4 were buy-side.

Dealmaking in the TMT sector continues to lead the way with seven transactions in May, making a total of 28 so far this year.

As you can read in the testimonials below, in times of uncertainty, the support and guidance of professionals to help you get a grip on the current situation and anticipate the impact of changes in your sector and global markets will put you in good stead to get the best outcome possible.

A selection of deals closed in May

Tet’s strategy is to accelerate growth via acquisitions, and we are very excited about the opportunity to acquire Telia Latvia. We believe our businesses complement each other, especially within our data center and transmission business. We look forward to welcoming Telia Latvia and its employees to Tet, and developing the business together to the benefit of our customers, employees and the Latvian society at large. ULDIS TATARČUKS, CEO, TET

It’s an exciting moment for Skelia. In Nortal we have found a perfect match and strategic partner, with shared ambitions, shared values regarding people and a strong customer focus. By joining forces, Nortal and Skelia leverage each other’s complementary and individual strengths, and provide new career opportunities for our combined global employee pool of more than 1,700 people. PATRIK VANDEWALLE, CEO AND CO-OWNER, SKELIA SARL

My job at Critical Mention always came down to unleashing the talents of our team members, who, in turn, unleashed the potential in our platform. They created tremendous value for our shareholders, for our customers and for themselves. From the start, I believed that we would one day join forces with the ideal strategic partner with whom we could multiply that value. It is hard to imagine a better strategic fit than Onclusive. DON YOUNT, CEO, CRITICAL MENTION

We are proud to be considered one of the most successful German cybersecurity startups. This acquisition is the perfect next step in our journey. Forming part of the Hornetsecurity Group will extend our services’ reach in the global B2B community, introducing our security training services to companies and organizations of all sizes and in all industries. This is in line with our mission to enable IT security managers to train their employees individually and reliably through our award-winning automation engine and easy-to-use workflow so that they can protect their company. DAVID KELM, IDEA GENERATOR AND CO-FOUNDER, IT-SEAL GMBH

We could not imagine going into such a demanding process without Oaklins. They managed the sale of Cyberimpact, a digital marketing company we founded over 10 years ago, to our complete satisfaction. Oaklins’ experience in the IT space and established relationships made a real difference. A high level of competence, constant determination and great proximity of service are the best words to describe our experience collaborating with the Oaklins team. JEAN-FRANCIS LALONDE AND STEPHAN LESTAGE, FOUNDERS, CYBERIMPACT

Oaklins was instrumental in pushing the process forward and securing a transaction with an attractive outcome for the sellers, the buyer and for Sjørring’s future development. RONNIE MØLLER-THORSØE, PARTNER, DANSK EJERKAPITAL

The support and guidance of the Oaklins team has proven extremely helpful throughout the course of this transaction. With its deep M&A expertise, it has made a decisive contribution to closing this transaction successfully. HÉLDER LOUREIRO, CEO AND FOUNDER, NEXXPRO