Market context

European Tech M&A Outlook – 2019

January 2019

Global macroeconomic uncertainties and geopolitical tensions, with the consequent increase in volatility, put pressure on the M&A market.

The major obstacles can be identified in the trade wars, tighter monetary policy and European political instability but, on the other side, cheap financing due to high amount of corporate cash and $1.1 Tn dry powder from Private equity ready to be spent around the world, should help maintain high expectations on M&A volumes. 

We expect a stable outlook for 2019, on the same levels of 2018. We see non-tech companies increasingly approaching tech-companies in order to digitalize, foster growth and reduce inefficiencies. In particular, consumer-market oriented firms are the most active in tech companies. Looking at European technology, it appears that there will be no particular slowdown even if stock markets seem to marginally absorb the outperformance of the previous years. 

Technology remains one of the best asset classes as drivers such Artificial Intelligence, Robotics, IoT, Digitalization, Autonomous Driving continue to reshape our world.

In this report we talk about:

  • Macroeconomic uncertainty… will it affect M&A?
  • Tech influence on European M&A
  • Private equity above $3.0 tn of AuM
  • M&A opportunities in disruptive technologies
  • Overview and conclusion


About Klecha & Co.

Klecha & Co. is a European private investment bank focused on technology, software, IT services, hardware and IoT, helping entrepreneurs, companies and financial investors with their strategy definition and post-acquisition integration issues, as well as for raising the necessary capital to execute their strategies.

With over 14 years in the market and offices in Milan, London, Paris, Madrid and New York, we have demonstrated global execution capabilities and a network of thousands of active C-level contacts and hundreds companies worldwide in the Tech industry.


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