Ciesco Market Intelligence featured in Campaign Asia
In its latest report, Ciesco, a specialist M&A advisory firm operating in the tech, digital, media and marketing sectors, said there were 832 transactions announced in this period, a 46% increase year-on-year from 2020.
In tech, digital, media and marketing in H1, S4 Capital was the most active M&A buyer, disclosing seven acquisitions—most of them completed in Q1. S4 is in the process of raising a term loan of more than $350 million to fund its expansion, and raised its profits forecast twice over the last month due to the recovery of the global economy. Accenture announced six acquisitions, the latest being the Malaysia-based agency Entropia. This represents a major step in the firm’s expansion into South-East Asia.
“Digital and business transformation looks set to accelerate at super-speed in 2021 and 2022 with the digital and data-led companies that showed resilience throughout Covid 2020 leading the way,” Chris Sahota, CEO of Ciesco said. “The global economic predictions look optimistic for the sector and the M&A drive has picked up pace from where we stood before the pandemic struck at the end of the first quarter in 2020.”