There was little change in the number of tech M&A transactions in Europe in February though the rolling three month average aggregate deal value rose to $20.4bn, boosted by the $23.3bn Liberty Global acquisition of Virgin Media (see here), according to latest data from corporate finance firm Regent Partners. The numbers also include the proposed $24.4bn take-private of Dell by Silver Lake (see here), although that deal is no longer a ‘slam dunk’ since the intervention (and purchase of a sizeable stake in Dell) of Carl Icahn.
The highest profile M&A activity in the UK market last month was the disposal of various parts of private equity-backed support services firm, 2e2, whose ashes were variously scattered to SAP consultancy G3 Global (see here), managed services company Logicalis (see here) and telecoms services firm Daisy (see here), amongst others. However, the biggest UK deal in terms of price paid was that of Northgate Managed Services by UK business process services leader, Capita, for £65m (see here).
Eligible TechMarketView subscription service clients can read our regular round-up of corporate activity in the UK software and IT services scene in the next edition of IndustryViews Corporate Activity.
