M&A Summary: Q4 2018 - Technology
February 20, 2019
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Canadian technology businesses were well represented in Q4 2018, with 89 deals involving a Canadian party announced or closed during the period. Despite negative macro factors such as volatile equity markets, geopolitical uncertainty, and trade disputes, cross-border deals remained strong as innovative companies continue to push and prioritize the addition of scale, regardless of geographical location and regulatory risk.
Entering 2019, these macro factors will continue to have an impact on the technology M&A landscape. Businesses will focus on identifying buyers who have an appetite to transact despite macro uncertainty.
Q4 Transaction Highlights
| 1. Vantage Data Centers LLC |
An American wholesale data centre provider, announced they will acquire 4 Degrés Colocation Inc., a Canadian data centre firm, for $259 million in December 2018. |
| 2. Converge Technology Solutions Corp. (TSXV:CTS) |
A Canadian IT service management company, acquired Lighthouse Computer Services Inc., an American IT service management company, for $30.61 million in December 2018. |
| 3. Partner One Capital |
A Canadian Investment firm, announced they will acquire Assima PLC (ENXTPA:ALSIM). a software company located in the United Kingdom for $13.58 million in November 2018. |
| 4. CoreLogic, Inc. (NYSE:CLGX) |
An American financial services company, acquired Symbility Solutions Inc. (TSXV:SY), a Canadian software company. for $110.64 million in October 2018. |
| 5. Martello Technologies Corporation |
A Canadian IT service management company, acquired Savision B.V., a Dutch software company, for $14.06 million in October 2018. |
To learn more, please contact us or:
Peter Matutat
Partner, National Technology & Life Sciences Leader
Ryan Farkas
Partner, National Corporate Finance Leader