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New Deal


Announced

Bowmark-backed Node4 to acquire Starcom Technologies from K3 Business Technology Group for £14.7m.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cloud solutions

IT Services: Other

Private

Majority

Pending

Acquisition

United Kingdom

Friendly

managed services

Domestic

Single Bidder

Private Equity

Synopsis

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Bowmark-backed Node4, the UK-based infrastructure and services company, agreed to acquire Starcom Technologies, the managed services unit of K3 Business Technology Group, which provides mission‐critical business software, cloud solutions and managed services, for £14.7m. "Node4 is an excellent new home for Starcom with its focus exclusively on managed services, and the deal enables us to accelerate our strategy of growing own IP product revenue. We wish Starcom great success for the future," Adalsteinn Valdimarsson, K3 Business Technology Group CEO.

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