The M&A Watch: Western Europe – April 2021 Coverage
By Lexi Papa | May 17, 2021
Our monthly M&A Watch spotlights deals in the Information Technology industry throughout Western Europe.
April saw 41 IT services deals getting closed in Western Europe indicating an uptick in M&A activity as compared to 32 during the same time in last year in 2020. Strategic acquirers, often with private equity backing, were more acquisitive in April with 25 of the deals being done by strategic acquirers and 16 by private equity groups. Overall activity in the region is picking up and is pointing towards a potential record year for deal volume, if activity remains strong.
Performanta, a global MSSP with private equity backing by Beech Tree Private Equity, announced the acquisition of Identity Experts. Identity Experts is a Microsoft Gold Security Partner and Identity & Access Management (IAM) specialist consultancy based in the UK. The acquisition will allow Performanta to extend important security capabilities further across the Microsoft portfolio, including AzureAD, Sentinel, ATP, O365, and IAM. #UK #IAM #Microsoft
Ensono, a digital transformation provider with backing by Charlesbank Capital and M/C Partners, has announced its acquisition of Amido. Amido provides cloud-native consultancy, strategy, design, architecture, and engineering capabilities to its enterprise clients and specializes in using cloud-native, data, and intelligent technologies. The deal marks a turning point for Ensono which will bring cloud-native software engineering capabilities in-house. #UK #Cloud #SoftwareEngineering
ELITS IT, a provider of consultancy services specializing in IT operations for organizations with high demands on infrastructure, security, and compliance, was acquired by Iver. ELITS is Sweden’s leading consultancy and manpower services company in the field of cloud-based IT operations. The acquisition will expand Iver’s advisory and consultative abilities, while simultaneously further strengthening its position as a leading multi-cloud partner. #Sweden #Cloud #Consulting
Source: Google Images
Cygni, an IT consultancy headquartered in Sweden, was acquired by Accenture. Cygni provides cloud-native full-stack development services that help companies transform their business through advanced technical software development services and innovative technical solutions. The acquisition will add 190 developers to Accenture. #Sweden #Cloud #SoftwareEngineering
RAM Information Technology, a cloud services provider for the Healthcare sector, was acquired by Keensight Capital. Headquartered in the Netherlands, the company manages the lCT landscape at a wide range of healthcare organizations such as nursing homes, specialist clinics, care centers, mental health institutions, and hospitals. With more than 200 customers in the various Healthcare sectors, RAM-IT is the market leader in cloud services within Healthcare. #Netherlands #Cloud #Healthcare
Vintin, a provider of information technology security services, was acquired by MCL Computer & Zubehör and its financial sponsor One Equity Partners. Headquartered in Germany, the company digital security, managed services, data management and intelligence, and hybrid cloud services. With this acquisition, MCL Computer & Zubehör will be a full solution provider for medium-sized customers in the Healthcare sector and public institutions in the DACH region. #Germany #ITSecurity
Linke Information Technology, a provider of SAP and AWS technology consulting services in the Iberian, French, and Nordic markets, was acquired by Syntax Systems and its financial sponsors. With this acquisition, Syntax combines its own renowned capabilities with those of Linke, allowing it to assist even more companies in the broader EMEA market on their journeys to the cloud. #Spain #SAP #AWS
Source: Google Images
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services & Technology industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
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