*NEW RESEARCH* Continued recovery in UK SITS deals

Merger and acquisition activity grew for the third successive quarter in the UK software and IT services (SITS) sector, according to data from technology investment bank Silverpeak. The strong Q1 2021 performance saw an increase in both buy-side and sell-side deals, at 114 and 141 respectively, exceeding the previous peak of recent years, seen in Q2 2019.

Increasing confidence in the economic rebound from Covid has undoubtedly been a factor in the growth in deal volumes. However, changes anticipated to the Capital Gains Tax (CGT) regime in the March budget are likely to have encouraged UK sellers to bring forward deals.

TechMarketView Foundation Service and UKHotViews Premium subscribers can read more by downloading the Q1 2021 edition of IndustryViews Corporate Activity.

Posted by Tania Wilson at '08:00' - Tagged: acquisition   M&A   acquisitions