Positive outlook: stabilizing macroeconomic conditions drive transactions in TICC
TICC Spot On
While much of 2023 was a challenging time for many industries, the end of the year brought a welcome wave of stabilizing factors. Improving macroeconomic conditions, anticipated decreasing interest rates and lower inflation together contributed to a more active M&A landscape overall, while more specifically, the testing, inspection, certification and compliance (TICC) sector saw an even sharper increase in deal numbers.
As Oaklins’ TICC specialist, Arjen Kostelijk, outlines in our new Spot On report, the popularity of this market with private equity investors and the rising importance of environmental, social and governance (ESG) concerns, among other trends, should see this high level of transactions continue in 2024.
A combination of stabilizing macroeconomic conditions, decreasing interest rates and declining inflation rates has resulted in elevated M&A activity overall and a sharp increase in deals in the TICC sector. We expect high levels of M&A to continue in 2024.ARJEN KOSTELIJK, TICC SPECIALIST, OAKLINS
We also talk to Simon Parrington, CEO of Celnor Group (backed by private equity firm Inflexion) about his company’s active buy-and- build strategy, look at Q3 2023 TICC deals from around the world, including one in Italy where Oaklins acted as co-financial advisor, and include recent multiples and valuation data.
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