Having delivered a standout 2025 with eight completed transactions, Acuity's TCMS team observed continued buyer appetite for resilient assets across the TCMS landscape and are expecting a stronger pipeline in 2026.

The findings from Acuity's latest Private Equity & Chair Survey have been published, providing insights into the year ahead based on perspectives from PE investors and chairs across the market.

For Acuity’s TCMS team, in spite of the adverse macroeconomic conditions that have been felt across the market, there is cause for optimism with five successful completions in H1 across fibre, IT and cloud communications.

The post-pandemic hangover had largely passed in 2023, with 2024 being characterised by solid trading, decent share price performance and a respectable (if slightly subdued) level of M&A. ​

2024 is shaping up to be a vintage year for Acuity’s Telecoms, Cloud and Managed Services (TCMS) team. Conditions remain tough, but we are seeing strong cause for cautious optimism.

2023 was a challenging year with macroeconomic headwinds, including rising interest rates and higher inflation, dominating the headlines.

The first half of 2023 continued to be dominated by a macro-economic backdrop of rising inflation, increased interest rates, cost of living pressures and rising raw material and energy costs.

2022 saw the post-Covid bounce back impeded, as macro-market drivers, rising inflation and increasing energy prices proved challenging for many businesses. However, despite this economic backdrop, there has been a lot of interesting M&A and fundraising activity in 2022.

2021 was, by all accounts, a vintage year in TCMS M&A. There has been so much to celebrate with strong deal volumes, a healthy rebound post-covid and a doggedly positive set of macro market drivers.

Welcome to Acuity’s 2021 H1 review of the Telecoms, Cloud & Managed Services sector in the UK and Ireland. In spite of, or perhaps partly fuelled by...

Acuity releases our inaugural M&A Market Review of the Telecoms sector.