GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:
- 77 deals announced
- Median multiple of 2.2x
- $17.3B total deal value year to date in technology M&A activity with 476 closed transactions announced
Notable deals in technology M&A include:
Marqeta to Acquire Power Finance – Read More
Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has completed its acquisition of credit card program management platform Power Finance, Inc. (“Power”). In connection with this transaction, the Company also entered into employment and retention agreements with key personnel, subject to customary terms and conditions.
GoLogiq to Acquire NestEgg – Read More
GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, has signed a definitive share exchange agreement with Nest Egg Investments, a privately-held company providing a simplified retirement investing app. The all-stock transaction is valued at $30 million. Nest Egg brings to GoLogiq a streamlined mobile solution for discovering, planning, and automating retirement savings. This will include investment products and services offered by Nest Egg’s subsidiary and FINRA licensed broker dealer, BeyondTrade Securities, which is awaiting its name change to Nest Egg Securities.
Apax Partners to Acquire Magaya – Read More
Magaya Corporation (“Magaya” or the “Company”), a leading provider of supply chain automation and logistics software, today announced that funds advised by Apax Digital, the growth equity arm of global private equity advisory firm Apax, completed a recapitalization of the Company alongside existing investor LLR Partners and other shareholders. The investment will be used to support continued organic growth, platform enhancements, and strategic M&A.
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