Month: January 2021
28 Jan 2021
martinwolf Acquires IT ExchangeNet
A note from martinwolf Founder Marty Wolf I’m very pleased to announce today a different kind of transaction: martinwolf has acquired IT ExchangeNet (ITX)! This combination creates a globally recognized provider of M&A advisory services for transactions spanning $5 to 500 million, with both companies each having more than 20 years of experience in the IT midmarket...
13 Jan 2021
martinwolf Celebrates 24 Years
Dear Clients, Partners, and Friends of martinwolf M&A Advisors, In 1997, gas was $1.22 a gallon in the US, Great Britain handed Hong Kong back to China, and the Dow was at less than 8,000. For me, on this date in 1997 I founded this firm. Almost a quarter century later — and after 180+ transactions,...
11 Jan 2021
Staples Announces Offer to Buy Office Depot
*Financial Information ($USD) Enterprise Value: $2.1 Billion EV/LTM Revenue: 0.22x EV/LTM EBITDA: 3.76x Transaction Update Staples announced today that it sent the board of directors for Office Depot (Nasdaq: ODP) a proposal to acquire “100% of the issued and outstanding common stock,” a transaction that it expected...
07 Jan 2021
Atos SE Confirms Unsolicited Bid for DXC
Financial Information Not Disclosed Transaction Update French IT Services company Atos SE (XPAR:ATO) confirmed Thursday that it had made a bid to acquire US IT Services giant DXC (NYSE:DXC) Wednesday night. Valuation of the offer was not disclosed, but the offer was reported to be more than $10 billion including debt (DXC’s debt rose to...