The IT market is ripe for further blockbusting private equity deals, US bank UBS has claimed.
According to a report in the New York Times, UBS has identified a list of no fewer than 57 technology firms that could provide a return of above 20 per cent private equity buyers.
UBS’s model for looking at hypothetical leveraged buyouts in the technology sector follows a spate of private equity mega-deals in the channel.
Telephony vendor Avaya (CRN, 11 June) and US reseller CDW were two of the last genuine giants to fall. In the UK, Calyx is among a horde of VARs to have accepted PE backing in the last several months (CRN, 4 June).
UBS said IT services goliath Unisys would represent the most profitable investment for a private equity firm with a 69 per cent return. Others in the top ten include consultancy BearingPoint and security vendors McAfee and Symantec.
UBS’s figures also confirm just how rapidly private equity investment in the tech sector is accelerating.
It said 15 tech firms agreed to go private between January and mid-June in deals totalling $70bn. In contrast, the total value of private equity deals in the technology sector during the whole of last year stood at just $30bn.
Automation firms UiPath and Automation Anywhere close out their funding rounds with $265m and $300m respectively
View photos of last night's awards ceremony in London
View photos of all the winners from the 2018 Channel Awards
After a glittering awards evening in Battersea celebrating 25 years of the Awards, we are pleased to share the list of winners and judges' commended winners