Category: News Room

15 Apr 2021

KKR to Acquire Ensono in $1.7 Billion Deal

Financial Information ($USD) Enterprise Value:    $1.7 Billion Transaction Details Global investment firm KKR & Co, Inc. (NYSE: KKR) is acquiring leading hybrid IT services provider Ensono from private equity firms Charlesbank Capital Partners and M/C Partners. While financials have not been disclosed, the transaction is valued at $1.7 billion inclusive of debt, according to Reuters....

12 Apr 2021

Microsoft Acquires Nuance in $19.7 Billion Deal

Financial Information ($USD) Enterprise Value: $19.7 Billion EV/LTM Revenue: 13.97x EV/LTM EBITDA: 89.55x   Transaction Details Microsoft (Nasdaq: MSFT) today announced that it will acquire Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance, a speech recognition and artificial intelligence company, will be acquired for $56.00 per share, approximately 23%...

05 Apr 2021

Global, United States and Cross-border M&A Break Q1 Records

Global, United States and cross-border M&A hit all-time highs in the first quarter of 2021, with private equity accounting for 19 percent of global deal-making. According to Axios, each category bested all-time Q1 marks as global M&A topped $1.3 trillion.   martinwolf President Tim Mueller has witnessed similar growth trends.   “The M&A market has...

02 Apr 2021

Marty Wolf Interviewed on SYNNEX/Tech Data Merger Implications

martinwolf Managing Partner Marty Wolf was interviewed in SearchITChannel regarding the implications of SYNNEX’s (NYSE: SNX) $7.2 billion merger with Tech Data. Wolf explained that private equity will continue to play a major role in the IT distribution space with this merger coming on the heels of Platinum Equity’s acquisition of Ingram Micro.   “The...

29 Mar 2021

Marty Wolf Interviewed Regarding Wipro’s Acquisition of Capco

martinwolf Managing Partner Marty Wolf was interviewed in CRN regarding Wipro Limited’s (NYSE: WIT) $1.45 billion acquisition of Capco. Wolf, who has been involved in more than 180 IT M&A transactions during the last 20 years, categorized Wipro’s move as strategic but risky.   “It’s a significant bet by Wipro that they can pivot out...

25 Mar 2021

Surge in Private Equity Demand for Managed Service Providers

Demand for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) has surged to new highs as Private Equity (PE) firms continue to be attracted to the recurring revenue model.   martinwolf President Tim Mueller was cited in Karishma Vanjani’s article on PE Hub regarding the unprecedented rise in PE demand for MSPs and...

22 Mar 2021

SYNNEX Announces Merger with Tech Data

SYNNEX Announces Merger with Tech Data   Financial Information ($USD) Enterprise Value: $7.2 Billion EV/LTM Revenue:  0.20x EV/LTM EBITDA: 9.50x   Transaction Details Leading distributor SYNNEX Corporation (NYSE: SNX) today announced that it will merge with fellow distributor, Tech Data, in a deal worth approximately $7.2 billion, including net debt. The deal creates a distribution...

18 Mar 2021

martinwolf Promotes Walter Yoon to Senior Vice President

SCOTTSDALE, ARIZONA, March 18, 2021 — martinwolf M&A Advisors (martinwolf) today announces the promotion of Walter Yoon to Senior Vice President.   “Walter’s work ethic, expertise, and dedication have made him an invaluable member of the martinwolf team,” said Tim Mueller, President of martinwolf. “Walter has continually proven himself since his start with the firm...

03 Feb 2021

Jeff Bezos To Step Down as CEO, Replaced By Cloud Chief

News Update Amazon (NASDAQ:AMZN) CEO Jeff Bezos announced yesterday he was stepping down as CEO effective Q3 2021, to be replaced by Amazon Web Services CEO Andy Jassy. Bezos will remain Amazon’s largest shareholder and transition to an Executive Chairman role, where he will continue to be involved in important strategic decisions. Amazon also announced...