M&A Digest | August 2022

M&A Digest | August 2022

M&A key stats

Since last month, our M&A tracker added:

  • 100+ deals in media & tech
  • Largest deal: £5.8bn Ekon / Cegid

See how we analyse the latest global M&A activity across the media and technology sectors using our?live M&A tracker: click here.

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Notable deals last month

Deal spotlight

WY advises Agent3 on their acquisition of leading technology sector B2B telemarketing agency ITTS

About the deal: Agent3’s acquisition of ITTS will enable them to provide full service demand and lead generation solutions across the entire buying funnel, and the potential for further dynamic growth on a global basis.

About Agent3: Founded in 2013,?Agent3?is a global account-based marketing (ABM) services and technology agency with offices across the UK, Australia, Bulgaria and USA. They have over 100 employees across these offices, and they are growing fast. Agent3 are part of the Next 15 digital communications group, which employs over 1,350 people across 32 offices in 14 countries. This allows them to continually invest in technology innovation and skills, as well as access group-wide resources and infrastructure. They work with some of the largest B2B brands in the world, including Salesforce, Citrix and Oracle.

About ITTS: ITTS?is a technology sector focused B2B telemarketing agency, offering high quality phone based lead generation, research and appointment setting services, focused on outcomes. ITTS was established in 1992 after recognising a niche for a quality focused provider of sales leads for the IT sector. ITTS employs over 50 people and is recognised as the leading provider of EMEA focused lead generation services for IT vendors.

Our work: We advised Agent3 on their acquisition of ITTS by providing financial due diligence and advising on deal structuring matters.

View our latest deals here.

"WY Partners provided excellent support during the transaction, helping us with financial due diligence and working capital calculations. They completed the work efficiently and to a high standard. They were available for multiple follow-up calls to ensure everything was clear and were a pleasure to deal with. I would not hesitate to use WY again."
Nick Chapman , Head of M&A, Next Fifteen Communications Group

Latest insight articles

"If this is a recession, it is a very strange one.." - Guest writer Ian Whittaker explains why agencies and marketeers need to speak the language of the CFO and the Board, especially in the current macroeconomic climate. Read the article here.

What we're reading

  • Investors are anticipating a bright future for NFT marketplaces despite?waning interest in digital collectibles?in recent months (PitchBook)
  • Animoca Brands raises $75.32m to advance vision of open metaverse (Proactive Investors UK)
  • Studiocanal?has acquired Paddington and Company Limited which owns all the intellectual property rights, apart from the publishing rights, in Michael Bond’s classic children’s character, Paddington Bear (ACF)
  • Amazon?announced?that it intends to buy?One Medical, a primary care provider that leverages in-person, digital and virtual interactions in its services (Tech Crunch)
  • Revenge not so sweet for Martin Sorrell after S4 Capital crash (The Times)
  • The EU will review the Microsoft/Activision deal, asking whether, for example, Microsoft might restrict access to hits (such as Call of Duty) on rival platforms (Politico)

Company news

We are excited to announce?Dustin Engel?has joined the WY team as US Director as part of our continued expansion across the UK and US.

Dustin is a US-based media and technology specialist with significant experience across M&A and strategic consultancy.?He has 20+ years’ experience across enterprise marketing teams, marketing services companies, and marketing/advertising technology start-ups. Prior to partnering with WY Partners, Dustin served on the executive team to develop new products and services, and led corporate strategy, investments, and M&A at PMG, one of the fastest-growing digital companies in the US.

If you are a company based in the US and considering selling, please get in touch with Dustin at?[email protected].

Meet the team.


About WY Partners

WY Partners is a leading media and technology advisory firm, providing M&A and strategic advice to the media and technology industries, supporting ambitious clients throughout the entire process. If you're looking to sell your business, raise funds, or have a question about M&A, please get in touch. For more information, please visit?www.wypartners.com.

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