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Berkery Noyes Releases First Half 2010 Finance Technology Industry Merger & Acquisition Trends - Value Vaults Upward

Sunday, July 11, 2010

Revenue multiples in the industry experienced a 210% half-to-half increase from 2.1 in 2nd Half 2009 to 3.8 in 1st Half 2010.

The sector saw a 31% increase in volume, exceeding the total volume of each of the four preceding sixth month periods. The Payments sector saw a 173% jump in volume from 2nd Half 2009, bolstered by several acquisitions of mobile payment technology companies.

Total transaction value and volume both saw notable increases from 2nd Half 2009, as total transaction volume in 1st Half 2010 increased by 31 percent from 94 in 2nd Half 2009 to 123 in 1st Half 2010, and total transaction value in 1st Half 2010 increased by 248 percent from $4.15 billion in 2nd Half 2009 to $14.45 billion in 1st Half 2010.

The segment with the largest increase in value was Capital Markets with an 874% increase from $955 million in 2nd Half 2009 to $9.30 billion in 1st Half 2010. The segment saw three billion-dollar-deals: Warburg Pincus and Silver Lake Partners’ announced acquisition of Interactive Data Corporation, majority owned by Pearson plc, for $3.25 billion, The Bank of New York Mellon Corp.’s pending acquisition of PNC Global Investment Servicing, Inc. for $2.31 billion, and MSCI Inc.’s pending acquisition for RiskMetrics Group, Inc. for $1.38 billion.