Transaction professionals expect middle-market M&A in the technology, media and telecommunications (TMT) sector to continue expanding in 2015, according to Mergers & Acquisitions' Mid-Market Pulse (MMP), a forward-looking sentiment indicator derived from monthly surveys of approximately 250 executives and published in partnership with McGladrey LLP. (See related charts.)
The 3-month score of 83.2 for TMT beat the score of 77.5 for overall M&A in the short term, and the 12-month score of 82.4 for TMT trumped the 72.7 score for overall M&A in the longer term. Expectations for the sector have been rising. In mid-2014, the sector yielded a 3-month composite score of 79.1 and a 12-month score of 79.5.