In The Press July 18, 2022

European TMT Trendspotter: Sector to Outperform in H2 on Strong Fundamentals and Continued Sponsor Appetite (Mergermarket)

Dealmaking in the European TMT sector is expected to remain robust during 2H22 despite a marked slowdown in year-over-year M&A activity caused by inflationary pressures and falling valuations. Last year's wave of activity in the technology space was unsustainable and so deal making was always expected to be down year-on-year, said Aly Simons, co-chair of the Technology M&A practice at Goodwin. Elsewhere in media, Europe's gaming sector is ripe for consolidation, according to Goodwin's Simons. "In terms of sub-sectors, we are bullish with respect to Gaming M&A in EMEA and there are a lot of gaming studios in Eastern Europe as well as other parts of Europe. Creating a game is very capital intensive and expensive, which lends itself to consolidation," she said. Read the Mergermarket article here.