£23.3bn in enterprise value has been returned to AIM technology shareholders over the past six years in the form of 51 public to private takeouts, including 10 in 2023 alone with the takeovers of Smoove* and Tribal announced in early October. With UK valuations appearing cheap and looking more attractive to potential acquirers, we take a moment to reflect on the trends of corporate and private equity bidders targeting AIM-listed technology companies going back to 2017, through the uncertainties ....
10 Oct 2023
The Joy of Techs - Cavendish Technology quarterly sector note
Pulsar Group PLC (PULS:LON), 66.5 | Arcontech Group PLC (ARC:LON), 101 | Audioboom Group PLC (BOOM:LON), 255 | Bigblu Broadband plc (BBB:LON), 42.5 | Brave Bison Group Plc (BBSN:LON), 2.5 | Calnex Solutions Plc (CLX:LON), 63.0 | CAP-XX Limited (CPX:LON), 0.1 | Team Internet Group plc (TIG:LON), 167 | Cerillion Plc (CER:LON), 1,555 | Concurrent Technologies Plc (CNC:LON), 100 | Crimson Tide Plc (TIDE:LON), 155 | Celebrus Technologies PLC (CLBS:LON), 230 | dotDigital Group plc (DOTD:LON), 94.0 | Eleco Plc (ELCO:LON), 106 | Engage XR Holdings PLC (EXR:LON), 1.8 | Filtronic plc (FTC:LON), 60.0 | Fonix Mobile PLC (FNX:LON), 242 | GetBusy Plc (GETB:LON), 68.0 | Ingenta plc (ING:LON), 139 | Intercede Group plc (IGP:LON), 108 | iomart Group plc (IOM:LON), 144 | IQGeo Group PLC (IQG:LON), 470 | Journeo plc (JNEO:LON), 271 | K3 Business Technology Group PLC (KBT:LON), 104 | KRM22 Plc (KRM:LON), 27.5 | LendInvest PLC (LINV:LON), 28.5 | Maintel Holdings Plc (MAI:LON), 250 | Nexteq PLC (NXQ:LON), 146 | PCI-PAL PLC (PCIP:LON), 59.0 | Pebble Beach Systems Group PLC (PEB:LON), 11.2 | Redcentric Plc (RCN:LON), 145 | Sondrel (Holdings) Ltd. (SND:LON), 6.8 | Tialis Essential IT PLC (TIA:LON), 60.0 | Tracsis plc (TRCS:LON), 918 | Nexxen International Ltd. (NEXN:LON), 234 | Vianet Group plc (VNET:LON), 116 | XLMedia Plc (XLM:LON), 11.8 | Quartix Technologies PLC (QTX:LON), 140 | SRT Marine Systems plc (SRT:LON), 22.5 | Shearwater Group plc (SWG:LON), 45.0 | Rosslyn Data Technologies PLC (RDT:LON), 9.8 | Fadel Partners, Inc. (FADL:LON), 141
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The Joy of Techs - Cavendish Technology quarterly sector note
Pulsar Group PLC (PULS:LON), 66.5 | Arcontech Group PLC (ARC:LON), 101 | Audioboom Group PLC (BOOM:LON), 255 | Bigblu Broadband plc (BBB:LON), 42.5 | Brave Bison Group Plc (BBSN:LON), 2.5 | Calnex Solutions Plc (CLX:LON), 63.0 | CAP-XX Limited (CPX:LON), 0.1 | Team Internet Group plc (TIG:LON), 167 | Cerillion Plc (CER:LON), 1,555 | Concurrent Technologies Plc (CNC:LON), 100 | Crimson Tide Plc (TIDE:LON), 155 | Celebrus Technologies PLC (CLBS:LON), 230 | dotDigital Group plc (DOTD:LON), 94.0 | Eleco Plc (ELCO:LON), 106 | Engage XR Holdings PLC (EXR:LON), 1.8 | Filtronic plc (FTC:LON), 60.0 | Fonix Mobile PLC (FNX:LON), 242 | GetBusy Plc (GETB:LON), 68.0 | Ingenta plc (ING:LON), 139 | Intercede Group plc (IGP:LON), 108 | iomart Group plc (IOM:LON), 144 | IQGeo Group PLC (IQG:LON), 470 | Journeo plc (JNEO:LON), 271 | K3 Business Technology Group PLC (KBT:LON), 104 | KRM22 Plc (KRM:LON), 27.5 | LendInvest PLC (LINV:LON), 28.5 | Maintel Holdings Plc (MAI:LON), 250 | Nexteq PLC (NXQ:LON), 146 | PCI-PAL PLC (PCIP:LON), 59.0 | Pebble Beach Systems Group PLC (PEB:LON), 11.2 | Redcentric Plc (RCN:LON), 145 | Sondrel (Holdings) Ltd. (SND:LON), 6.8 | Tialis Essential IT PLC (TIA:LON), 60.0 | Tracsis plc (TRCS:LON), 918 | Nexxen International Ltd. (NEXN:LON), 234 | Vianet Group plc (VNET:LON), 116 | XLMedia Plc (XLM:LON), 11.8 | Quartix Technologies PLC (QTX:LON), 140 | SRT Marine Systems plc (SRT:LON), 22.5 | Shearwater Group plc (SWG:LON), 45.0 | Rosslyn Data Technologies PLC (RDT:LON), 9.8 | Fadel Partners, Inc. (FADL:LON), 141
- Published:
10 Oct 2023 -
Author:
Andrew Darley | Ian McInally | Michael Hill | Kimberley Carstens | Andrew Renton | Edward Stacey -
Pages:
80
£23.3bn in enterprise value has been returned to AIM technology shareholders over the past six years in the form of 51 public to private takeouts, including 10 in 2023 alone with the takeovers of Smoove* and Tribal announced in early October. With UK valuations appearing cheap and looking more attractive to potential acquirers, we take a moment to reflect on the trends of corporate and private equity bidders targeting AIM-listed technology companies going back to 2017, through the uncertainties ....