TMT Sector Remained Resilient in the Private Capital Markets During 2022 Despite Public Market Upheaval
Lincoln International’s global technology, media and telecom (TMT) mergers and acquisitions and financing activity remained strong in 2022, particularly during 2H22, as valuations and financing availability in the private capital markets stabilized. Driven by continued pressure by limited partners (LPs) for liquidity, private equity (PE) firms’ need to deploy record amounts of dry powder and attractive characteristics across enterprise software and mission-critical electronics, Lincoln’s TMT Group continued to complete high-quality assignments on behalf of leading PE firms in North and South America, Europe and Asia.
Summary
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Lincoln International’s global technology, media and telecom (TMT) mergers and acquisitions and financing activity remained strong in 2022, particularly during 2H22, as valuations and financing availability in the private capital markets stabilized.
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