Category: News Room

10 Nov 2020

Trace3 Acquires Groupware Technology

Financial Information Not Disclosed Transaction Update HIG Capital-owned solution provider Trace3 announced today that it had acquired fellow California-based solution provider Groupware Technology Both companies are recognized as major technology providers and routinely appear on industry listings — Trace3 is No. 39 on the 2020 CRN Solution Provider 500 list while Groupware is No. 83...

03 Nov 2020

Computacenter plc Completes Pivot Technology Solutions Acquisition

*Financial Information ($USD) Enterprise Value:    $196.4 Million EV/REV:                 0.18x EV/EBITDA:           8.51x Transaction Update Computacenter plc announced this week that had completed its acquisition of Pivot Technology Solutions (originally announced Sept. 9) Pivot’s shares are planned to be delisted from the Toronto Stock Exchange at...

22 Sep 2020

AHEAD to acquire RoundTower and Kovarus

Financial Information Not Disclosed Transaction Facts Chicago-based solution provider AHEAD announced today that it had acquired fellow solution providers RoundTower Technologies and Kovarus, forming a 1,000+ employee business with more than $2.1 billion in revenue. Valuation information and other financial details were not disclosed, and integration details were yet to be worked out (though CEOs...

20 Aug 2020

Michael Korzinstone, Senior Principal at Cinven

The latest issue of Executive Perspective features Michael Korzinstone, Senior Principal at Cinven. Michael has 13 years’ experience in IT private equity investment, and is currently responsible for Technology, Media and Telecom (TMT) sector investing in the Americas for Cinven, a 30+ year veteran PE firm with a particular buy-and-build focus. Headquartered in London, Cinven...

24 Jul 2020

Potential Capital Gains Tax Changes Impacts Proceeds from M&A Transactions

Every election year carries with it the potential for structural change—and with the ongoing economic crisis from the pandemic, there is a growing sense that this year may be ripe for bigger changes than normal.   One direct impact that owner-operators may feel is a higher tax burden—particularly if the Democratic Party controls both the...

23 Jul 2020

Valuation Impact: Proposed Post-Election Tax Changes

If the tax structure is changed to match the Democratic Party’s campaign promises, achieving similar after-tax proceeds will require higher transaction multiples–for example, to get the same after-tax transaction proceeds for a California-based business in 2020 at 7.00x EBITDA, business owners would need to sell the same business for 10.2x EBITDA.