Below is a link to our latest Market Update. As you will see, the active pace of m&a activity as well as relatively strong values continued this month for companies in most of the dozen plus technology, information and healthcare sectors that we follow. (Of course this was before last week’s market correction.)
There were several interesting transactions completed in July, including:
- Blackstone Group acquired a controlling stake in Emdeon valued at $2.2Bn;
- CVC Capital acquired ConvergEx Group for a rumored $1.9Bn;
- Providence Equity Partners acquired Blackboard for $1.6Bn;
- Western Union acquired Travelex Global Business Payments (TGBP) for £606M;
- DST Systems acquired ALPS Fund Services for $250M; and
- eBay acquired Zong for $240M.
And there was plenty of other activity including S1 Corporation and Fundtech re-affirming their intention to merge (valued at $700M) while at the same time, S1 rejecting an unsolicited bid by ACI Worldwide valued at $510M.
Click here for our Market Update