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Weekly M&A Report – May 15th, 2023


GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:

64 deals announced

Median multiple of 2x

$82.9B announced total deal value year to date in technology M&A activity with 1,847 closed transactions announced

Notable deals in technology M&A include:

Crosspoint Capital Partners to Acquire Absolute Software Read More

Absolute Software™ (the “Company”) (NASDAQ: ABST) (TSX: ABST), the only provider of self-healing, intelligent security solutions, today announced it has entered into an Arrangement Agreement with funds affiliated with Crosspoint Capital Partners, L.P. (“Crosspoint”), whereby Crosspoint has agreed to acquire all of the issued and outstanding common shares of the Company.

MultiPlan to Acquire Benefits Science Technologies Read More

MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading provider of technology and data-enabled cost management, payment, and revenue integrity solutions to the U.S. healthcare industry, today announced that it has acquired Benefits Science LLC (“Benefits Science Technologies” or “BST”), a next generation data and advanced analytics company that combines modern data science, including machine learning and artificial intelligence (“AI”), with deep expertise in healthcare to deliver solutions that reduce the cost of care and improve health outcomes.

Causeway to Acquire Reference Point Read More

Construction technology provider Causeway Technologies has acquired Reference Point, developer of the UK’s leading workforce competency and authority-to-work system. 

This is the third strategic acquisition since Five Arrows made a significant investment in Causeway in 2021, and reinforces Causeway’s platform strategy to digitise the processes that underpin the construction and maintenance of the built environment. 

Download the full report below: