M&A Digest | July 2024

Your monthly guide to the latest M&A news and trends in the media and tech sectors

M&A key statistics

• 150+ global deals in media and?tech
• ￡46m median deal size
• ￡6bn?largest deal: Skydance Media / Paramount Global
• ￡33bn?capital invested (disclosed deal amounts only)

Notable deals last month

• Paramount Global has agreed to merge with independent film studio Skydance Media
• Publicis acquires Influential
• Trilliad acquires Just Global
• MHP Group acquires TUVA Partners
• TGI Sport finalises acquisition of Supponor
• Seedtag acquires JustEggs
• Analytics Partners acquires Magic Numbers
• BGF invests ￡5.5m into KOMI Group
• Miroma Group creates power entertainment agency, Multiple
• Informa agrees to buy Cannes Lions owner Ascential
• Accenture to acquire Camelot Management Consultants?
• Kester Capital backs management buy-out of The Boundary

Latest insights from our team

Q2 2024 saw an increase in deal volumes compared to Q1, suggesting early signs of recovery in M&A activity. Private Equity buyers had their most active quarter since Q2 2023, with 149 deals, a 55% increase from Q1 2024. Notable transactions, such as Waterland’s formation of creative group Further, indicate ongoing interest from Private Equity in the marketing space.

Download the report here.

In the final episode of our series, AI expert Philip Stelter, Founder of Clearly Partners, and Dustin Engel, US Director at WY Partners, explore AI opportunities for enhancing operational performance and more.

Watch the episode here.

Access our live M&A tracker

Discover how we analyse the latest global M&A activity across the media and technology sectors with our dynamic live M&A tracker.

Access the M&A tracker?here.

What we're reading

• William Ritchie, Founder and Managing Director of WY Partners, was featured in Axios' latest piece on Google pulling the deprecation of internet cookies and the impact on investments in this sector. Read more.
• The owners of?Axel Springer SE, the German group that owns Politico and Business Insider, are discussing splitting the company’s media assets from its other businesses, people familiar with the matter said. Read more.
• After years of uncertainty, Google says it won't be 'deprecating third-party cookies' in Chrome. Read more.
• Publicis raises guidance as tech client spending picks up. Read more.
• T20 World Cup digital rights group Engage in talks about sale. Read more.

Deal spotlight

We recently advised the social media agency Wilderness on their sale to Havas, a leading global communications group. We acted as the exclusive financial advisor to Wilderness shareholders.Tom Jarvis, Founder & Chief Executive Officer of Wilderness Agency, said: "I am indebted to WY Partners for their support throughout the process, I definitely couldn’t have achieved the outcome that I did without them. It was an intensive process but knowing that I could pick up the phone at any point made it far more manageable. I could not recommend WY Partners more highly for anyone considering selling their business."

Read more about the deal here.

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WY Partners

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