UK and Europe managed services on the up

UK managed services providers will come to the forefront of the market in the second half of the year with a number of sale processes and IPOs rumoured to be on the cards. The sector has gained significant traction with the sale of Daisy Group kicking off the year, followed closely by the sales of UK firms Damovo and Novosco. Elite Group and Chess are among those expected to come to market in H2, alongside Connected Managed Services, Six Degrees, Pulsant and Redcentric, according to TMT Finance data.

Elsewhere in Europe, several mandates have been dished out, including Rothschild on Spanish firm Ibermatica and Oakley on Solar Communications. Valuation multiples in the sector have typically remained at the 10 times mark, as seen with Elite Group, Chess and Novosco, with private equity firms the main contenders for assets in the space.

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Published on 09.08.2018
Published on 09.08.2018
Published on 09.08.2018