Dealmakers say private equity funds will be forced to resort to hostile tactics, or novel methods to get tech M&A deals done, as companies cling to inflated valuations.
The mid-market PE fund has done 31 tech deals since 2016.
“The sell-off on the ASX is helping, and the IPO window is still effectively closed. It will need one or two quarters of a more stable market for it to return, and generally the appeal for an early listing from founders has reduced significantly.”Since the deal was closed Pemba has merged MSL with its existing portfolio company Oolio to form a larger POS software company.
“From a pipeline perspective, it’s the strongest it’s ever been. The reason for that strength is that success begets success,” he said. Alex Nikov, JPMorgan executive director in its Australian investment banking team, tipped that some rival start-ups would be forced to merge to stay afloat.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The SVB collapse has serious implications for both banks and techOPINION: US regional banks and Silicon Valley tech firms are nervously contemplating the likely cost of the Silicon Valley Bank collapse.
Read more »
Blind date: ‘It was more of a fourth-date kind of menu’Divya, 25, a tech consultant, meets Kishan, 27, a cancer research technician
Read more »
The sectors most at risk of ‘extinction’ from SVB contagionBillionaire Bill Ackman and venture capitalist veterans warn the Silicon Valley Bank collapse threatens to wipe out tech companies and smash smaller banks.
Read more »
UK banks in talks over rescue of SVB armThe tech sector and the VC industry have called on the British government to step in to support the collapsed bank’s clients.
Read more »
Silicon Valley Bank clients will have their funds protected: US governmentThe US federal government said all Silicon Valley Bank clients will be protected and have access to their funds, just days after the bank failed and sent its customers panicking.
Read more »
The super funds that will feel most pain from new $3m capShould SMSF members start considering whether there are better fund options to try to manage the extra tax?
Read more »