Tech Sector Humming with Mergers and Acquisitions
Specialist in the tech area, Mark Clare of Wellington’s Clare Capital, said the level of mergers and acquisitions, capital raising and general advisory work in the industry was busier than he had ever seen it, Marta Steeman reports for Stuff.
Over the last five years the quality of technology New Zealand companies produced had gone onto the radar screens of big buyers overseas, Steeman writes.
“We’ve seen both financial and strategic acquirers in the market looking to make acquisitions,” Clare said.
Industry buyers and financial investors in the sector were looking to the future beyond Covid. Often the strategic industry buyers were international.
Specialist law firm for tech companies, Kindriks’ Julie Fowler said the company was seeing a lot of capital raising among tech companies and merger and acquisition activity.
It was usually overseas companies buying New Zealand ones.
Original article by Marta Steeman, Stuff, December 17, 2020.
Photo by Matthew Brodeur.