Deals: Snapshot of BDO Technology & Media deals in 2016

16 December 2016

BDO Corporate Finance is a leading adviser with a focus on the technology and media sector.

Our specialists combine deep industry knowledge and technical experience to support businesses' growth journeys domestically and internationally, bringing together entrepreneurial passion and institutional rigour. In 2016 (year to date) our Corporate Finance Technology & Media team has

  • completed 49 transactions
  • with a total value of £969m
  • 50% of our deals involved private equity

"The technology and media sector is experiencing rapid change, driving increased levels of M&A activity. BDO's position as a specialist in the sector has resulted in a very active year for our transactional teams, with many successful deals completed. We have continued to work with a number of leading brands in the sector such as BT, Guestline, Maintel, and Claranet as we remain to be recognised for our sector expertise."​

Paul Russell, M&A Partner

 

2016 technology and media deal highlights

£34.8m Sale of Selection Services to Castle Street Investments 

The BDO M&A technology team has acted as lead adviser to the shareholders of Selection Services Investments Limited ("Selection Services") on the sale of the business for £34.8 million to AIM-listed Castle Street Investments. ​Read more 

"The BDO team delivered a highly professional and well managed process. We were very impressed with their knowledge and understanding of the IT managed services sector, and their hard work and deal expertise was invaluable in securing a great outcome for the shareholders. We look forward to working with them again in the future."

Tony Dickin, Partner, Palatine Private Equity LLP

Acquisition of Guestline Limited by the Riverside Company

BDO LLP advised The Riverside Company on its majority investment in Guestline Limited, a leading UK-based provider of proprietary cloud-based hotel management and distribution software solutions for the hospitality sector. ​Read more

"We were delighted to benefit from BDO's transactional expertise as well as their strong sector knowledge. It was a pleasure to work with BDO on this extremely fast-moving and highly exciting transaction, and to continue the build-out of our global relationship between our firms."

Thomas Seddon, Vice President, Origination at Riverside Europe Partners LLP

£48.5m Acquisition of Azzuri Communications by Maintel 

Our Transaction Services team provided financial and tax due diligence to Maintel in relation to its acquisition of Azzuri Communications as well as acting as reporting accountant on the transaction.  Read more

"BDO supported Maintel in its acquisition of Azzuri Communications in 2016. The acquisition was a reverse takeover, funded by a combination of debt and equity, so the work had to satisfy funders'and AIM compliance requirements in addition to the company's own due diligence and structuring needs. Faced with a tight timetable, deficiencies in the data room and limited access to the target's management, the BDO team did well to pull together an extremely comprehensive and informative set of reports that fulfilled all the stakeholders' diverse requirements. Impressively, faced with a number of practical hurdles in the final days of the process, BDO's audit and corporate finance teams worked strenuously and effectively together to find pragmatic solutions that did not jeopardise key deadlines. It was a pleasure working with them and I would be very happy to do so again."​

Nicholas Taylor, Maintel NED

Claranet acquires Ardenta Limited

Managed hosting and connectivity specialist Claranet has announced the acquisition of e-commerce specialist Ardenta. ​Read more 

PFSweb acquires UK systems integrator Conexus 

Our transaction services team provided financial and tax due diligence services to PFSweb in relation to its acquisition of Conexus Limited, a U.K.-based eCommerce system integrator. ​Read more

£24m sale of cyber security specialist ITC Secure Networking to C5 Capital

The BDO M&A technology team has acted as lead adviser to the shareholders of ITC Secure Networking on the sale of the business for £24 million to C5 Capital. ​Read more

"It was great to have the BDO tech M&A team on board for this deal. Their hard work and deal experience was invaluable for the shareholders in helping to deliver this successful outcome."​

Tom Millar, CEO, ITC Secure Networking

£8.3m sale of IT distributor Medium UK to Exertis Ireland 

The BDO M&A technology team has acted as lead adviser to the shareholders of Medium UK on the sale of the business for £8.3 million to Exertis. ​Read more

British Telecommunications Plc buys delivery box specialist Pelipod 

BDO LLP provided financial and taxation due diligence services to British Telecommunications plc in relation to their acquisition of Pelipod. ​Read more

BDO provided excellent support during the due diligence phase of the transaction. Reporting was clear, concise and timely, with useful commentary and advice throughout. Another very good experience with the TS team. Thank you."​​

Sebastian Wood, BT