Tech Acquisitions

California Dreaming For M&A Bankers

Aerial view of San Francisco Golden Gate Bridge
Investment bankers are heading to California for the biggest deals. Source: Getty.

The high octane mergers and acquisitions sector is moving from New York and London to Silicon Valley as financial institutions realise that the big deals of the future will involve technology firms.

The proportion of M&A activity involved in digitalization has grown by an average of 5 percent per year since 2007, bringing the total number of such deals worldwide to 773 in 2015. A survey of 240 managers of M&A departments worldwide showed that companies would rather make acquisitions than develop digital solutions themselves.

“Takeovers of young tech companies by large corporations are gaining momentum,” said Sven Wahle, head of M&A in German-speaking countries at Accenture Strategy.

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