Spotlight

An archive of past spotlight issues.

 

The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry. Here is an archive of past

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“The M&A market has been growing rapidly. Our martinwolf and ITX teams have experienced sharp increases in M&A activity, with confidence that the second half of 2021 will be even more active."

-Tim Mueller, President martinwolf

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 been growing rapidly. Our martinwolf and ITX teams have experienced sharp increases in M&A activity, with confidence that the second half of 2021 will be even more active,” said Mueller. “For example, IT ExchangeNet doubled in size from 2019 to 2020. And the first quarter for martinwolf is the busiest we been since our founding more than 20 years ago.”

 

Dan Primack’s article outlines several other notable Q1 M&A growth statistics including that the United States accounted for half of all worldwide transactions while private equity deals reached almost $250 billion.

 

Mueller previously commented on the unprecedented surge of private equity interest in managed service providers, “Something clicked in May (2020) and we saw a rush of PE firms asking us about MSPs and MSSPs. Our email inbox just started blowing up.”

 

Read Dan Primack’s full piece on Axios here. If you have questions about what this means for your business, contact Colin Riley (criley@martinwolf.com).

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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%...

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...