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New Deal


Announced

Symphony Technology Group to acquire Gresham Technologies for £147m.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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it services

United Kingdom

IT Services: Other

Acquisition

Cross Border

Majority

Public

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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Symphony Technology Group, an American private equity firm, agreed to acquire Gresham Technologies, a mission-critical software and automation solutions provider, for £147m. "We couldn't be more excited about bringing together two leading financial technology providers and leveraging the respective strengths of each company to drive greater value for our combined customers. By combining Gresham with Alveo we will create a capital markets data management specialist that offers clients greater scale and a range of solutions to facilitate their business processes. We look forward to welcoming Gresham to the STG family," Marc Bala, STG Partners Managing Director.

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