http://www.mediapost.com/publications/article/204331/media-ma-prices-hold-dollar-volume-drops.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+mediadailynews+%28MediaPost+|+MediaDailyNews%29&utm_content=Netvibes#axzz2Ya6RbCZY
Media and marketing acquisition deals -- and
their relative pricing -- stayed the same for the first six months of 2013
versus the second half of 2012. But the total dollar volume declined
significantly.
Investment banking advisory firm Berkery Noyes said there were 794 deals
in the first six months of 2013 versus 800 in the previous period, the second
half of 2012, with total volume declining 37% to $29.4 billion. In the first
half of 2012, there were 853 deals with a value of 28.8 million.
The average price of those deals -- in terms of cash flow multiples -- stayed
about the same versus the second half of the year, at 8.3 times the sales
price. (It was at 8.0 for the first six months of 2012.) In terms of revenue
multiple for those deals, the first half of 2013 rose to 2.1 times the sale
price from 1.6 times in the second half of 2012.
