Download the Report

As part of our quarterly market insights, we look at a sub-sector within Technology and speak to three Institutional Investors across private equity (LDC), debt (Kartesia) and public markets (Toscafund) about their current views on the managed services sector and longer-term outlook.

After a very strong market in 2021, with valuations and M&A activity at record highs, the market changed significantly in 2022. A worsening macro situation with a slowdown in demand in some areas, significant inflation and now interest rate rises has led to a different valuation environment. Public markets have been under pressure, with valuations decreasing across the board and a significant slowdown in fundraises and IPO activity.

Despite that, there has been a flight to quality, with institutional investors focussing on resilient, growth sectors, leading to more capital chasing fewer opportunities. Within private markets, this has led to a bifurcation in transaction multiples, with perceived higher-quality assets commanding premium valuations whilst there has been some softening at the lower end.

Recent Transactions in the Technology Sector

Key Contacts

Alistair Hay

Partner & Head of Debt Advisory

View profile

What can we help you achieve?

Get in touch

Thank you. We will be in touch soon

There was an error with the form. Please check and try again.