TMT Mergers & Acquisitions First Half Review

 

TMT deals have led the IPO and Corporate Finance UK landscape in the first half of 2018 and despite the macroeconomic outlook, the trend is set to continue with some notable Tech IPO’s planned for the 2nd half of 2018.

For more information or to discuss the market conditions please contact mark Soden, Managing Director, Norman Broadbent Executive Search at  mark.soden@normanbroadbent.com or +44 (0) 20 7484 0045.

NEWS

  • Axel Springer acquired a minority stake in Purplebricks, a UK-based digital real estate platform, for US$177m (26-Mar-2018)

 

  • Advent International acquired Laird, a UK-based manufacturer of electronics components, for US$1.6bn (1-Mar-2018)

 

  • Experian acquired ClearScore, a UK-based provider of online free credit score and report, for US$385m (15-Mar-2018)

 

  • NEC Corporation, has agreed to acquire Northgate Public Services, a UK based IT services company, from private equity firm Cinven for £475m (9-Jan-18)

 

  • Assystem Technologies, a France based provider of outsourcing R&D solutions backed by private equity firm Ardian has made a recommended cash offer to acquire SQS Software Quality Systems the German based and UK listed software testing and quality management company, for £280m (15-Dec-17)

 

  • Stars Group, a Canadian gaming and online gambling company which owns PokerStars, acquired Sky Betting, a UK based betting and gaming operator owned by CVC Capital Partners and Sky, to create the biggest publicly listed online-gambling company for US$4.7bn (21-Apr-2018)

 

  • Learning Technologies Group, a UK based provider of staff training software, acquired PeopleFluent, a US based provider of cloud based integrated recruiting, talent management, and compensation management solutions, for US$150m (24-Apr-2018)

 

  • TransUnion acquired Callcredit, a UK based provider of credit referencing, database marketing solutions and software analytics services, for US$1.4bn (20-Apr-2018)

 

  • Hg Capital and TA Associates jointly acquired The Access Group, a UK based provider of fully integrated business management software, for US$1.4bn (10-Apr-2018)

 

  • Following Temenos’ failed attempt to acquire Fidessa, Ion Investment Group paid US$2.1bn to buy Fidessa (3-Apr-2018)

 

  • Hg Capital and Intermediate Capital Group re-capitalised IRIS, a UK based provider of business-critical software and services, for US$1.7bn (23-May-2018)

 

  • Silver Lake took private Zoopla, a UK based provider of online property solutions, for US$3.3bn (11-May-2018)

 

  • Mayfair Equity Partners acquired GCI Group, a UK based IT services supplier, for US$270m (8-May-2018)

 

  • F-Secure acquired MWR InfoSecurity, UK based provider of cyber security solutions, for US$140m (18-June-2018)

 

  • eToro, a UK-based social trading and investment platform, raised US$100m from China Minsheng Financial Holding, SBI Group, Korea Investment Partners, World Wide Invest and other investors (21-Mar-2018)

 

  • eToro, a UK based social trading and investment platform, raised another US$50m from CM Financial after an earlier funding round of US$100m in March 2018 (26-Apr-2018)

 

  • Avast, the Czech Cyber Security firm, was one of the largest IPO’s of the year on the London Stock Exchange valuing the business at £2.4 billion (10-May-2018)

 

  • Atom Bank, a UK-based mobile-first bank, raised US$206m from BBVA and Toscafund Asset Management (7-Mar-2018)

 

  • WorldRemit, a UK based money transfer company, has raised US$40m at a US$670m valuation in a Series C funding round led by LeapFrog Investments and joined by Accel Partners and TCV

 

  • Future Finance, an Ireland based provider of flexible loans to UK students, raised US$134m from Waterfall Asset Management (24-May-2018)

 

  • Revolut, a UK based banking app providing FX, e-Wallet and insurance services, raised US$250m from DST Global, Index Ventures and Ribbit Capital at a US$1.7bn valuation (26-Apr-2018), becoming Britain’s first digital bank unicorn

 

  • Made.com, a UK-based online e-commerce platform directly providing designer furniture without third party involvement, raised US$56m from Partech Ventures, Level Equity and Eight Roads Ventures (19-Mar-2018)

 

  • INCOPRO, a UK based startup that specializes in online brand and intellectual property protection, raised US$21m from Highland Europe (18-May-2018)

 

  • Matillion, a UK based software company that offers purpose-built, native ELT solutions for cloud data platforms, raised US$20m from Sapphire Ventures and Scale Venture Partners (22-Mar-2018)

 

  • Netsparker, a UK-based web application security company, raised US$40m from Turn/River Capital (8-Mar-2018)

 

  • Duco, a UK based SaaS provider, has secured US$28m investment from Insight Venture Partners, NEX Group, Eight Roads Ventures and Cristobal Conde (29-Jan-2018)

 

  • CloudPay, a UK based provider of managed payroll services, raised US$25m from Rho Ventures, Pinnacle Investment Partners and Hercules Capital (3-May-2018)

 

  • Concentra Analytics, a UK based provider of SaaS data solutions used to visualise, model and track business operations, raised US$56m from One Peak Partners and Morgan Stanley (1-May-2018)

 

  • Yoobic, a UK based smartphone application to track retail merchandising and marketing operations, raised US$25m from Insight Venture Partners and Felix Capital (28-June-2018)

 

  • PatSnap, the UK and Singapore based developer of cloud-based intellectual property analytics and management software, raised US$38m from Shunwei Capital and Sequoia Capital (15-June-2018)

 

  • CityFibre PLC agreed to a $750 million takeover by a Goldman Sachs backed consortium – West Street Infrastructure Partners. (24-April-2018)

 

  • Private equity giant Carlyle scooped up software company Livingstone Holdings, in a deal worth around £50m (6-June-2018)

 

  • Vodafone announced a deal to buy Liberty Global’s network assets in Germany and Eastern Europe for €18.4 billion (9-May-2018)

 

  • TalkTalk signed a £1.5 billion deal with Infracapital (investment arm of Prudential) to roll out fibre across the UK (7-Feb 2018)

 

  • Cambridge Medical Robotics, a UK based provider of next-generation robotic system, raised US$100m from Zhejiang Silk Road Fund, Escala Capital Investments and Cambridge Innovation Capital (4-June-2018)
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TMT Talent Tracker 2018 for H1 … who’s on the move

Continued investment in the Technology, Telecoms and Digital sectors has fuelled an increase in senior leadership appointments and below is a review of the key appointments from the first half of 2018.

If you would like to discuss the TMT market or how Norman Broadbent can help your business, please contact Mark Soden at mark.soden@normanbroadbent.com or +44 (0) 20 7484 0045.

• Access Intelligence plc – Mark Fautley appointed as CFO
• Accesso Technology Group plc – Royce Paul Noland appointed as new CEO
• Accesso Technology Group plc – Mark Danemann appointed as Chief Information Officer
• Accesso Technology Group plc – Eric Petrusic appointed as Division President
• Accesso Technology Group plc – Maura Schiefelbein appointed Vice President, People
• Algomi – Scott Eaton appointed as CEO
• Algomi – Usman Khan appointed Chief Technology Officer
• Arqiva – David Crawford was promoted to Managing Director, Telecoms & M2M Division
• Arqiva – Alex Pannell was promoted to Managing Director, Satellite & Media Division
• Arqiva – Clive White appointed Group Transformation Director
• Arqiva – Jeremy Mavor appointed as General Counsel
• Avanti Communications Group – Chris McLaughlin appointed as Chief of External Affairs
• Avanti Communications Group – Kyle Whitehill appointed as CEO
• Aveva Group plc – Steen Lomholt-Thomsen appointed as Head of Sales
• Aveva Group plc – Andrew McCloskey appointed as Head of Research & Development
• Aveva Group plc – Craig Hayman appointed as CEO
• Blue Prism Group plc – Ijoma Maluza appointed as CFO
• Blue Prism Group plc – John Warrick appointed as General Counsel
• Brady plc – Libby Koehn appointed Chief Product Officer
• BT Group plc – Michael Sherman named as Chief Strategy & Transformation Officer
• BT Group plc – Colin Lees appointed Division Chief Technology Officer
• BT Group plc – Sabine Chalmers appointed Group General Counsel
• BT Group plc – John Watson appointed Chief Technology & Information Officer
• Calastone – Jon Willis appointed as Chief Industry Officer
• Daisy Group plc – Sarah Long appointed as Managing Director, Services
• Daisy Group plc – John Holt appointed as COO
• DarkTrace – Craig Sutherland appointed as Director, Customer & Operations
• DarkTrace – Nick Trim appointed as Chief Revenue Officer
• Digital Shadows – Bryan O’Neil appointed Chief Technology Officer
• Digital Shadows – Russell Bentley appointed as Vice President, Product
• Earthport plc – Amanda Mesler appointed as CEO
• Eaton Towers – Terry Rhodes appointed as Group CEO
• ECSC Group – Ian Mann appointed as Executive Director
• ECSC Group – Lucy Sharp appointed as Interim CEO
• ECSC Group – Keith Kelly appointed as Finance Director
• Emis Group plc – Pete Malcolm appointed as Group Chief Technology Officer
• euNetworks Holdings – Jennifer Smith appointed as CFO
• Finastra – Eli Rosner appointed as new CTO
• Gamma Communications plc – Andrew Taylor appointed Group CEO
• Gamma Communications plc – Jo Shuttleworth appointed as Head of Business Process Engineering
• Gocompare.com Group plc – Zoe Harris appointed as Chief Marketing Officer
• Gresham Technologies plc – Frank Glock appointed as Regional Sales Director
• Gresham Technologies plc – Tom Mullan appointed as CFO
• Gresham Technologies plc – Paul White appointed Chief Marketing Officer
• Helios Towers Africa – Helen Ebert appointed General Counsel
• Helios Towers Africa – Allan Cook appointed Chairman
• IDE Group Holdings – Julian Phipps appointed as COO, CFO and Company Secretary
• IDE Group Holdings – Ian Smith appointed as Executive Director
• IDOX plc – Dave Meaden appointed as CEO
• Imagination Technologies – Babak Bastani appointed to VP Engineering, Ensigma
• JT Global (Jersey Telecom) – Ian Lavigne appointed to Head of Product (IOT)
• Indigovision Group plc – Pedro Simoes appointed as CEO
• Iomart Group plc – Andy McDonald appointed as Company Secretary
• KCOM Group – Anna Bielby appointed Interim CFO
• Liberty Global – Lutz Schüler to join Virgin Media as Chief Operating Officer
• Logicalis – Bob Bailkoski appointed as COO
• Maintel Holdings plc – Kevin Stevens appointed as COO
• Maintel Holdings plc – James Stevenson appointed as Director, Professional Services
• Metronet UK – Kevin Paige appointed as Chief Technology Officer
• Micro Focus International – Stephen Murdoch re-appointed as CEO
• Micro Focus International – Ian Fraser appointed Chief Human Resource Officer
• Mimecast – Christina Van Houten appointed as Chief Strategy Officer
• MLL Telecom – Gary Marven appointed as CEO
• NewVoiceMedia – John Eng appointed as Chief Marketing Officer
• NewVoiceMedia – Dennis Fois appointed CEO
• Nomad Digital – Simon Gunter appointed as Chief Technology Officer
• Oneview Group plc – Linda Palanza appointed as CEO
• Red Box Recorders – Martyn Ward appointed as Chief Revenue Officer
• RedstoneConnect plc – Frank Beechinor-Collins appointed CEO
• RedstoneConnect plc – Guy van Zwanenberg appointed as Chairman
• Safecharge – Jeremy Nicholds appointed as Deputy-Chairman
• SDL plc – Xenia Walters appointed as new CFO
• SDL plc – Thomas Labarthe appointed as Chief Revenue Officer
• Servicepower Technologies plc – Joe Wang appointed as Chief Customer Officer
• Servicepower Technologies plc – Frank Gelbart appointed as CEO
• Servicepower Technologies plc – Sam Sippl appointed CFO
• Six Degrees Holdings – Steve Mitchell appointed as CFO
• Six Degrees Holdings – Liz Cook appointed as HR Director
• Softcat plc – Martin Hellawell appointed Chairman
• Softcat plc – Graeme Watt appointed as CEO
• Softcat plc – Sam Routledge appointed as Chief Technology Officer
• Statpro Group – Gordon Bloor appointed as Division CEO
• Strix Group plc – Gary Lamb appoints as Non-Executive Chairman
• Sysgroup plc – Adam Binkshas been appointed CEO
• Sysgroup plc – Martin Audcent appointed as CFO
• Telefónica – Jo Betram appointed Chief Digital & Strategy Officer
• Telit Communications plc – Chicco Testa appointed as Divisional CEO
• Telit Communications plc – Itzik Molcho appointed COO
• Telit Communications plc – Sandro Spanghero appointed as Executive VP, Products
• Timico – Matthew Farrow appointed CFO
• TotalMobile Holdings – Gary Adams appointed CFO
• Ultra Electronics – Simon Pryce appointed as CEO
• Vodafone Group plc – Nick Read appointed as CEO, having previously been CFO
• Vodafone Group plc – Jason Paris appointed Regional Division Director
• Vodafone Group plc – Scott Petty appointed as Division Chief Technology Officer
• Vodafone Group plc – Alexandre Froment-Curtil appointed as Division CEO
• Vodafone Group plc – Stefano Gastaut appointed as Global Director
• Vodafone Group plc – Achilleas Kanaris appointed as Division CEO
• Vodafone Group plc – Amanda Nelson appointed as Division CEO
• Vodafone Group plc – Petr Dvorak appointed as Division CEO
• Vodafone Group plc – Margherita Della Valle appointed as Group CFO
• VoxSmart – Oliver Rooney appointed as Chief Technology Officer
• Wandisco plc – Dr Ramki Thurimella appointed as Vice President, Research
• Watchstone Plc (Quindell) – Stefan Borson appointed CEO & General Counsel
• Wireless Infrastructure Group – Kip Meek appointed as Non-Executive Director
• Workshare – Shaun Locke appointed as Regional General Manager
• Xaar plc – Shomit Kenkare appointed as new CFO
• Zoo Digital Group plc – Andy Saldana appointed as Vice President, Services
• Zoo Digital Group plc – Phil Blundell appointed as CFO
• Zoo Digital Group plc – Chris Oakley appointed as Vice President, Software Engineering

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