ICON has advised TravelLocal, a leading brand and online marketplace platform for tailor-made holidays, on its £8.3 million Series B funding round to accelerate international growth. ICON introduced…
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ICON serves as corporate development advisor to real time data integration startup EqualumEqualum, headquartered in Israel with offices in the UK and United States, provides real-time data…
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ICON has advised Sideways 6, an integrated crowdsourcing and idea management platform, on its acquisition by Interact Software, a leading intranet solution provider for enterprise businesses across…
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We are delighted to announce the investment into Jonckers, a leading tech-enabled language services provider (LSP) from Mayfair Equity Partners. Mayfair Equity Partners (London) has acquired a…
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ICON has advised the shareholders of TechQuarters, a Microsoft Cloud Solution Provider on its sale to Babble, which is backed by Graphite Capital. TechQuarters implements and supports Microsoft Cloud…
Read moreVenture-backed startups are better known than their bootstrapped peers for achieving wildly high growth rates and amazing M&A valuations. But those same companies are right now finding themselves…
Read moreDespite a difficult 2022 for technology stocks and continued macroeconomic uncertainty, with H1 2023 now firmly in the rear-view mirror, public markets appear eager to lift off again with the NASDAQ…
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Although 383 deals in the first half of 2023 is down on the 21/22 boom years, it is actually pretty comparable with pre-COVID numbers and looks increasingly like the 'new normal', reveals ICON's UK Tech M&A Snapshot Mid Year 2023. Near-zero interest rates had fuelled a wave of private equity-funded buyers. But these rates don’t look like returning any time soon with inflation looking sticky, particularly in the UK. There is, however, still lots of activity across both the software and services spaces.
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The last few years have seen record levels of Tech M&A in The UK, driven by currency depreciation and near-zero interest rates which fuelled a wave of private equity-funded buyers. Both rates and currency cycles have reversed in 2023, dampening buyer enthusiasm in the wider M&A market. Yet, Q1 2023 was another busy quarter in Tech with over 200 deals completed. That is of course lower than the last two years, but remains in line with pre-pandemic numbers. With zero rates unlikely to be seen again anytime soon, this may represent the ‘new normal’.
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