Deals in the market & Debt Advisory
|Jan-20||Sapphire System||SAP and Infor consulting specialist||Horizon Capital|
|Oct-19||Alithya UK||Microsoft Dynamics integrator||ANS Group|
|Apr-19||InfinityWorks||Software development and digital transformation specialist||GCP|
|Nov-18||TESM||Servicenow specialist||DXC Technology|
|Apr-18||Cedar Consulting||Oracle specialist||Accenture|
|Apr-18||eBECS (60% stake)||Microsoft Dynamics ERP specialist||DXC Technology|
|Mar-18||Cloud Technology Solutions||Google cloud specialist||NorthEdge Capital|
|Aug-17||Symphony Ventures||Robotic process automation consultant||Livingbridge|
|Mar-17||Focus Group||ServiceNow deployment services||Accenture|
|Feb-17||Cloudreach||Cloud transformation company||Blackstone|
|Jan-17||Edenhouse Solutions||SAP specialist||ECI Partners|
The smart use of debt can transform deals, lowering the overall cost of capital and increasing the returns for management. The landscape for debt has changed beyond recognition with the advent of debt funds, of which there are now over 100 in the UK alone.
Traditionally, debt providers have been wary of SIs and other IT services that are more project based for fairly obvious reasons. However, attitudes have changed amongst both PE and debt providers in cases where the business fundamentals are sound – for example, management strength, modest customer concentration, business growth, clear addressable market and the market position and previous behaviours of the software author itself.