Monday, 21 April 2008

Global tech M&A

Further to my posts yesterday concerning Regent's Review of European Tech M&A in Q1, PwC have issued their global tech M&A review. See FT 21st Apr 08.

PwC brand 2007 " a vintage year for tech deals with transaction value up 44% at Euro127b" Although they expect 2008 to be lower, they forecast tech M&A will still be valued at upwards of Euro100b. PwC say "the demise of the private equity deal has been overstated". Indeed, I note that Civica's £180m 3i-backed MBO has received 95% acceptances yesterday. Also the recently launched bid by PE house Nordic Capital for TietoEnator would add Euro1.1b to the 2008 tally.

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