Rory O’Sullivan, Managing Director at Pagemill Partners, a division of Duff & Phelps, spoke to Information Age about the recent decline in the total value of UK technology M&A deals during September 2019.
While UK technology M&A deals totaled $280.18 million in September 2019, according to GlobalData, Rory described the UK technology sector as a “frenetic deal market.” He commented, “as this data shows there was some softening over the summer, we would characterize this as more of a return to a more sustainable pace of deal activity.”
Rory highlights “on a more granular level, it is misleading to read too much into one month’s data – which in any event may be understated as the reported $280 million may exclude some of the recently announced deals. This underscores what we are seeing in the market, which is continued strong demand from global private equity firms for well positioned software leaders in the UK across many sectors.”
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