Regent News and Events

REGENT’s view of the month - December 2009

The one thing we have been seeking in the TMT acquisition business for 18 months is stability – a sensible balance between buyers and sellers. At last we seem to have achieved that situation. Deal flow and valuation multiples have been quite consistent over the course of the final quarter of 2009. One measure of excitement or caution, depending whether you are a buyer or seller, is that spot PE ratios (as compared to the rolling PEs below) jumped to 18.6 in Dec – the highest level since July 2008.

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