Search
Social Media
Feedback
This form does not yet contain any fields.

      MERGERS AND ACQUISITIONS UPDATES FROM BERKERY NOYES

    Monday
    Jan142019

    SOFTWARE M&A VALUE SURGES, DRIVEN BY INFRASTRUCTURE DEALS

    According to Berkery Noyes' Software report for Full Year 2018, total deal volume remained about constant on a yearly basis. Private equity backed volume improved nine percent whereas strategic volume declined four percent. Overall value rose 70 percent, from $134.63 billion to $229.54 billion. In terms of valuations, the median revenue multiple year-over-year improved from 2.3x to 3.1x, while the median EBITDA multiple saw a slight uptick from 13.3x to 13.9x. 

    The industry’s largest transaction in 2018 was IBM’s announced acquisition of Red Hat, which provides open-source software products to the enterprise community, for $32.95 billion. The Red Hat acquisition was the second largest industry deal ever tracked by Berkery Noyes, following Dell’s acquisition of EMC Corporation for $67.48 billion in 2015.

    M&A activity in the Infrastructure Software segment stayed about the same over the past year. However, the segment was responsible for four of the overall industry’s top five highest value deals in 2018. Along these lines were IBM’s previously mentioned acquisition of Red Hat for $32.96 billion; Broadcom’s announced acquisition of CA Technologies, an IT management software and solutions company, for $18.38 billion; KKR’s announced acquisition of BMC Software, which also offers cloud and IT management solutions, for $8.5 billion; and Microsoft’s announced acquisition of GitHub, which provides code hosting services that allow developers to build software for open source projects, for $7.5 billion.

    Upon examination of Infrastructure acquirers in 2018, private equity firm Thoma Bravo (either directly or through an affiliated business) was active with several acquisitions including:

    • Imperva, a cybersecurity company that offers activity monitoring and risk management solutions for critical business data and applications, for $1.81 billion;
    • Veracode, a provider of cloud-based application intelligence and security verification services, for $950 million; 
    • XaTester, which delivers automated unit testing to mainframe DevOps teams;
    • Centrify Corporation, an identity and access management platform;
    • Avecto, an endpoint privilege management and application control company;
    • LogRhythm, which offers security analytics, log management, network and endpoint monitoring; and
    • Lieberman Software, a cybersecurity business that isolates and contain data breaches.

    “Acquisition activity across the software marketplace is rooted in sound strategy as major technology companies seek greater mass and diversity, formerly emerging technologies have matured, and financial buyers look to invest in quality assets,” said James Berkery, Managing Partner at Berkery Noyes.

    Monday
    Apr162018

    MARTIN MAGIDA TO SPEAK AT NYC TECHNOLOGY GROWTH STRATEGY FORUM

    Consulting firm Simon-Kucher & Partners is hosting an event that will explore how technology, software, media, and communications companies design successful growth and monetization strategies.

    The Annual NYC Technology Growth Strategy Forum, set to be held on May 8th, is geared towards executive leadership and senior management. Martin Magida, Managing Director at Berkery Noyes, will deliver a presentation called "Companies are Bought, not Sold - Preparing Your Company for a Successful Exit."

    Monday
    Sep252017

    TOM O’CONNOR TO SERVE AS EXPERT PANELIST DURING TELEHEALTH WEBINAR

    HealthCareMandA.com is hosting a webinar on Thursday, September 28th that will focus on telehealth. Tom O’Connor, Managing Director at Berkery Noyes, has been invited to speak as an expert panelist.

    Telehealth is hailed as a way for healthcare providers to save money, as a solution to the physician shortage, and as a way to meet the healthcare needs of rural communities and hospitals.

    Opponents argue the quality of care is not the same. As state legislatures continue to redefine rules for telehealth companies, investors are signing on to fund local and regional networks.

    The webinar will cover the following topics:

    - Who’s building networks, who’s buying and who’s selling
    - What is affecting current valuations
    - Emerging trends and new players entering the market
    - Expert panelists’ views on the headwinds and tailwinds at play in this market

    As for other recent events, Tom also participated in BDO's Breakfast Networking Healthcare focused dealmakers series, which brought together leaders from some of the most active private equity firms and investment banks in the industry.

    Monday
    Sep252017

    VINEET ASTHANA RECEIVES EMERGING LEADERS AWARD FROM THE M&A ADVISOR

    The M&A Advisor hosted a black tie Awards Gala on Tuesday, September 19th at the New York Athletic Club in Manhattan for winners of the 8th Annual Emerging Leaders Awards. 

    Vineet Asthana, Managing Director of Berkery Noyes, was chosen for his accomplishments and expertise from a pool of nominees by an independent judging panel of distinguished business leaders. The M&A Advisor, renowned globally for its recognition of leading M&A, financing and turnaround professionals, created this event to promote mentorship and professional development amongst the emerging business leaders. 

    Tuesday
    Sep122017

    MARTIN MAGIDA TO SPEAK AT THE 3RD ANNUAL ACG NEW ENGLAND FALL CONFERENCE

    Martin Magida, Managing Director at Berkery Noyes, will be speaking at the 3rd Annual ACG New England Fall Conference later this month. The event is set to take place on September 18th and 19th in Newport, Rhode Island.

    Martin's panel is going to cover "The Good, the Bad, and the Ugly in Marketing Deals". Topics will include, how can PE funds attract more/better deal flow from intermediaries and other deal professionals; and how can Ibankers get the attention of PE investors for their deals?