Market Valuation Trends in TMT (Tech, Media, Telecom)
YearAverage EV/EBITDA MultipleTransaction Count
201011.3x3
201111.3x4
201211.3x4
201411.0x17
20159.8x28
201610.4x29
201710.5x24
201812.2x26
201912.2x50
202014.1x69
202114.8x70
202215.2x55
202315.1x55
202415.3x76
202514.0x97
202613.4x67

Tech, Media & Telecom
M&A Database

In the TMT (Tech, Media, Telecom) sector, the average EBITDA multiple recorded since the beginning of the year is 13.4x, which represents a 4.4% decrease compared to 2025. Sign up for free to unlock financial data on each deal including Enterprise Value and transaction multiples (xRevenue, xEBITDA, xEBIT).

Market Valuation Trends in Tech, Media & Telecom

Average xEBITDA

Database

363 Deals Indexed in Tech, Media & Telecom

Deals

DateTargetAcquirerSectorRevEVxEBITDA
04/2026
COVALENCE CONSULTING UNITED STATES
HR PATHERP, HR & FinanceXX.XXXX
X.Xx
04/2026
ATOS ADVANCED COMPUTING FRANCE
AGENCE DES PARTICIPATIONS DE L'ETAT (APE)Consulting & IntegrationXX.XXXX
X.Xx
04/2026
TRUBRIDGE UNITED STATES
IKS HEALTHIndustry-Specific SoftwareXX.XXXX
X.Xx
04/2026
ACD FRANCE
TEAMSYSTEMERP, HR & FinanceXX.XXXX
X.Xx
04/2026
VISIONMAXX GROUP GERMANY
NORD HOLDINGInfrastructure & CloudXX.XXXX
X.Xx
04/2026
TINEXTA ITALY
ADVENT INTERNATIONALIndustry-Specific SoftwareXX.XXXX
X.Xx
04/2026
SISTEMI HS ITALY
PROJECT INFORMATICAConsulting & IntegrationXX.XXXX
X.Xx
04/2026
IDOX UNITED KINGDOM
LONG PATH PARTNERSIndustry-Specific SoftwareXX.XXXX
X.Xx
04/2026
SUBSET SWEDEN
TRUESEC GROUPConsulting & IntegrationXX.XXXX
X.Xx
04/2026
NETHOUSE SWEDEN
NORDLOInfrastructure & CloudXX.XXXX
X.Xx
04/2026
BLUE FRANCE
LEGAL & GENERAL L&GInfrastructure & CloudXX.XXXX
X.Xx
04/2026
KIZEO FRANCE
TURENNE CAPITALIndustry-Specific SoftwareXX.XXXX
X.Xx
04/2026
DOCTRINE FRANCE
RELXIndustry-Specific SoftwareXX.XXXX
X.Xx
04/2026
DXLABS AUSTRALIA
VECTION TECHNOLOGIESConsulting & IntegrationXX.XXXX
X.Xx
04/2026
IDEMIA PUBLIC SECURITY FRANCE
AMADEUSIndustry-Specific SoftwareXX.XXXX
X.Xx

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What does the Tech, Media & Telecom M&A sector cover?

On mynth, the Tech, Media & Telecom M&A sector is structured across 5 major verticals with Telecom, Software, IT Services, Media & Internet, and Hardware & Electronics, covering 20 sub-sectors and 21 granular industry tags. This taxonomy mirrors how M&A professionals actually segment the market, enabling precise peer group construction and sector-specific EV/EBITDA benchmarking across European Small & Mid-Cap transactions.

What is the average EV/EBITDA multiple for Tech, Media & Telecom transactions in 2026?

mynth tracks 363+ verified Tech, Media & Telecom M&A transactions with an average EV/EBITDA of 13.4x for the year 2026. Our Tech, Media & Telecom vertical provides deep granular data across the entire value chain of the Tech, Media & Telecom industries. We track valuation multiples and transaction financials for a wide range of sub-industries, including Telecom, MVNO, Operators, Infrastructures, Software, AdTech, MarTech, CRM & Sales, ERP, HR & Finance and Supply Chain & Ops. Whether you are looking for benchmarks in niche Tech, Media & Telecom segments or broad market trends, mynth centralizes deal flow intelligence that covers specialized mid-market players and large-scale industrial consolidators across Europe. Our database is specifically designed to help analysts identify EBITDA multiples and Revenue trends within these highly regulated and capital-intensive sectors.

Who are the most active acquirers in European Tech, Media & Telecom market?

According to mynth's community-contributed database of European Tech, Media & Telecom transactions over the last 5 years, 54% of deals were driven by Private Equity firms while 46% were led by strategic acquirers. Among the most active buyers tracked on mynth: Keensight Capital, a private equity firm based in United Kingdom, with 7 transactions, Sesa Group, a strategic player based in Italy, with 7 deals, Hawk Infinity Software, a strategic player based in Norway, with 6 operations, Ik Partners, a private equity firm based in United Kingdom, with 6 acquisitions, Ardian, a private equity firm based in France, with 5 transactions. This breakdown reflects the consolidation dynamics of the European TMT mid-market, where strategic buyers dominate software and IT services while PE remains active in infrastructure and telecom assets.

How did we build this Tech, Media & Telecom analysis?

The 13.4x average EV/EBITDA is based on mynth’s verified database of 363+ Tech, Media & Telecom M&A transactions. The data is contributed by M&A and private equity professionals, then manually reviewed by mynth’s analysts to ensure consistency and accuracy. Each transaction is validated by comparing submitted figures with press releases, public announcements, market coverage, and private documents when available. This methodology gives mynth access to transaction-level intelligence that is often unavailable in traditional databases, allowing for a more precise view of valuation trends across the Tech, Media & Telecom industry. Thanks to this community-driven approach, we provide a unique and highly granular view of each sector and sub-sector, from Telecom and Software to MVNO, Operators and Infrastructures, as examples.

How does mynth enrich this analysis for users?

Once logged in, users can access detailed financial data for each transaction, including the Enterprise Value, Equity Value, Revenue, EBITDA, and EBIT for the current year and for prior fiscal years, as well as the corresponding Revenue, EBITDA, and EBIT multiples. On each deal page, the sources of the financial data are clearly indicated: links to press articles or official announcements, or a tag specifying when the data comes from confidential documents shared by the user. This transparency helps users assess the reliability and origin of the valuation figures. Every company in the database is tagged by sector with four levels of granularity, enabling users to distinguish between very different business models and valuation approaches that would otherwise be hidden at a broad sector level. This structure makes it possible to separate asset‑heavy telecom operators from software‑as‑a‑service platforms and asset‑light media businesses, which are valued with very different EV/Revenue and EV/EBITDA profiles. The platform also tags each company by geography, enabling users to focus on specific countries or regions. mynth features a powerful search engine that lets you run highly refined queries by sector (with all four levels of industry depth), country, and company size, so you can quickly build custom peer groups, compare multiples, and export results directly to Excel.

What is mynth?

mynth is the first free M&A database dedicated to European Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.

How to use mynth for free?

Sign up for free and instantly receive 30 credits. Through our referral program, each person you invite earns you an additional 20 credits, meaning you can unlock at least 50 financial data points without spending a cent. Our search engine is built for speed and precision: filter transactions by company name, investment fund, sector, country, revenue range, enterprise value or date. A list system lets you group transactions into custom peer groups and export them directly to Excel. The credit model means you only spend on the deals you actually need : no subscription, no commitment.

Powered by Collective Intelligence

mynth is a community-driven database. Every transaction is contributed by M&A and Private Equity professionals who work on the deals themselves. This means our database contains off-market financial data that you will not find in any press release, news article, or traditional data provider. Closed deals, undisclosed valuations, real EBITDA multiples : data that only exists within the deal teams. Every single financial figure submitted is reviewed and validated by our in-house analysts before being published, ensuring the data you see is accurate, structured, and reliable.