Our November 2016 General Market Update found here is our latest update on the m&a values and trends in the dozen+ sectors of the information technology industry that we follow and sometimes lead.
What a time in which we live. We’re busy – advising clients and closing deals; the Chicago Cubs became World Series Champions for the first time in 108 years; my Marines celebrated the Corp’s 241st birthday, while fighting in every clime and place they could; Bob Dylan won the Nobel Prize in literature (how cool!); Leonard Cohen died (he and Dylan have long been among my favorites); and in between, Donald Trump was elected President of the United States and to the further shock of many, the bull market roared higher.
My friends around the world keep writing to me asking what will happen next – as if I know.
After a few days of reflection, I’ll take the advice of people smarter than me and say this: Cleveland will have another chance at the Series; Leonard Cohen’s music will live forever; the wars will end; and this country will continue to thrive. We remain an entrepreneurial, can-do country that fights for rights and freedoms for all – and doesn’t quit. The bulk of our leaders have the best interest of the country at heart, even if they operate in a dysfunctional environment.
As you will see from our report found here, it’s a busy time for us and for the industry that we serve.
A few of the more interesting deals this month include:
- TD Ameritrade (Nasdaq:AMTD) acquired Scottrade for $4bn in cash and stock,
- Cardtronics (Nasdaq:CATM) acquired DirectCash Payments for $460mm,
- Criteo Corp (NASDAQ:CRTO) acquired HookLogic for $250mm,
- Wolters Kluwer (ENXTAM:WKL) acquired Emmi Solutions for $170mm, valuing the company at an implied 5.9x revenue,
- Paysimple (Denver, CO) raised $115mm led by Providence Strategic Growth,
- Broadridge (NYSE:BR) acquired M&O Systems for an undisclosed sum. Marlin & Associates acted as exclusive strategic and financial advisor to M&O Systems.
