£1.09 billion deal for Ideagen shows appetite for quality recurring revenue businesses
Thursday 12 May 2022 Author: Steven Frazer
The massive sell-off of technology growth stocks in 2022 to date may see an acceleration of opportunistic buyouts from private equity funds flush with cash. On 9 May, compliance and regulation software supplier Ideagen ( IDEA:AIM ) agreed a takeover deal from private equity outfit firm Hg worth £1.09 billion, while also opening its books to Hg’s counterpart Astorg. ‘Following initial reports of take private interest in Ideagen last...