One of the increasingly prominent sectors both in the North East and further afield is the tech sector, which is fast becoming a pillar of the UK economy. As a result, the sector attracts a lot of interest from investors as well as acquisitive companies that grow their businesses through the addition of innovative enterprises.
RG Corporate Finance is highly active in advising on transactions in the tech sector, which is a broad church and includes areas such as software, IT services, unified comms, e-commerce, digital media and cyber security, to name a few.
This has continued throughout 2022 with RGCF advising on a number of significant transactions, including advising the shareholders of Vision Teknology UK Ltd (VTUK) on the sale of the business to iamproperty Group, a Newcastleheadquartered, PE backed, residential auction technology business.
Earlier this summer RGCF also advised the shareholders of Market Dojo Ltd, a Bristol-based procurement software and eSourcing company, on the sale of 50.1% of the business to French listed Esker Inc.
More than half of Market Dojo’s clients are based outside the UK in countries including France, the US and the Middle East, which offers synergies to Esker, which is a global cloud platform and leader in AI-driven process automation solutions.
In the electronic gift card market RGCF advised the shareholders of Redu Group Ltd on the sale of its subsidiary MBL Solutions Ltd to Appreciate Group Plc, which is an AIM listed gifting and engagement company. MBL, originally acquired by Redu in 2020, is a leading provider of gift card processing and management solutions based in Newcastle, which supports high street retailers such as Greggs, New Look and B&M in providing physical and electronic gift card programmes.
Carl Swansbury, Partner and Head of Corporate Finance at RGCF, said: “The tech sector is increasingly important to the UK economy as a multi-faceted industry that has an impact on every area of our society, both business and consumer. Digital transformation will continue to drive M&A activity as companies look towards acquisitions and investments in tech-enabled assets to pursue their tech-led growth strategies.
“RGCF has been active in the tech sector for a number of years and have an intimate understanding of the challenges and opportunities facing both shareholders, investors and acquirers in this market and we are currently advising on a number of transactions both regionally, nationally and internationally that will come to fruition in the coming months.”