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Summer may be over but the seasonal lull in European tech M&A activity continued through September, according to data released by corporate finance firm Regent Partners International. CEO James Calvert observed that the number, value, and multiples for European TMT M&A deals were virtually unchanged from August, echoing a more subdued growth rate in the TechMark All Share index.
Regent noted that the major TMT deals in September shifted to Europe, following strong M&A activity amongst large enterprise software companies in North America during August. Two of the largest transactions involving European tech firms were the $350m sale of the distribution business of UK-headquartered reseller Specialist Computer Holdings to US giant Tech Data (see Mysterious House of Rigby severs distribution arm), and the similarly sized acquisition of ‘Swiss Axon’ Lodestone by second-ranked Indian offshore services firm, Infosys (see here).
There’ll be much more on the UK software and IT services M&A and private equity scene for eligible TechMarketView subscription service clients in the next edition of IndustryViews Corporate Activity.
