Sector-specific

NEWSLETTERS

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What our clients say

We are delighted with the outcome Prism has achieved for us. Sure, at one point we were a little concerned that the marketplace might not allow the sale to take place, however with Prism’s perseverance and professionalism they met our objectives and we cannot thank them enough.

Iain and Sue Robertson - RapidHost

M&A Activity in the ICT Sector – September 09

Now we look back, we see that there were a number of notable transactions. Firstly, eBay offloading 65% of Skype to an investor group led by Silver Lake, thereby valuing the business at $2.75bn. eBay acquired Skype in 2005 for over $3bn but evidently found that the synergies with its core business were not sufficient. Staying with telecoms, September then saw Avaya picking up Nortel Networks‘ enterprise units for $915m. It had made a ‘stalking horse’ offer back in July for $475m.

Buying a Distressed Business

As briefly mentioned in last month’s newsletter, this month we look at the opportunities that arise from buying a distressed business. Chris McKay, a Chartered Accountant, licensed insolvency practitioner and an Associate at McTear Williams & Wood, highlights the elements to consider before taking the plunge…