One of the most frequently raised topics at our Maximising Value seminars is the value of IP in Technology businesses. There are numerous approaches to valuing IP but the first question to ask is ‘Is this actually about the IP in the first...
Continue readingExpect the unexpected was the mantra suggested 12 months ago – and 2017 has indeed thrown up some anomalies (Theresa May’s election disaster being one!) yet the markets have largely continued unabated. The latest apparent tech bubble for Bitcoin might seem crazy, but a look...
Continue readingHas HTC thrown in the towel? The mobile phone market moves at a pace that most other industries would struggle with. The latest move was the acquisition by Google of the “Powered by HTC” team at HTC – essentially those involved in producing the Pixel...
Continue readingNegotiation is an important part of achieving maximum value on business sale and as keen practitioners we are watching the Brexit manoeuvres with some interest. Apparently, the UK negotiators turned up with an 100 strong delegation, nearly three times their counterparts. Meanwhile David Davis was...
Continue readingLast week Prism’s MD, Peter Watson, was back at the Cranfield School of Management co-presenting a two-day Selling Your Business Masterclass. Peter has had a long association with the Cranfield through their highly acclaimed Business Growth Programme (BGP) on which he has been...
Continue readingGrowing Your Business I spent last Friday at Cranfield School of Management, sitting on a panel reviewing business plans prepared by participants of their Business Growth Programme (BGP). Followers of Prism will know that I have a long association with Cranfield and BGP,...
Continue readingTM-the-PM’s election announcement last week caught most of us by surprise (even, rather pleasingly, most of the media). But what of the implications for Technology M&A? Some more uncertainty, yes, but we live in an uncertain world and with the techMARK All Share index up...
Continue readingHere at Prism it has been a very active start to the year. We went into 2017 having just completed the sale of B2 Group (a leading MPS player) to Arena Group and have since completed five further transactions – see our news pages for...
Continue readingWe have frequently warned about what we refer to as ‘the myth of the multiple’. The two principal points being: 1. that unless you are privy to the full details of transactions, multiples can be highly misleading, and 2. that you must...
Continue reading2016 really has been the year of the unexpected – or perhaps ‘unpredicted’ would be a more appropriate word. In May Leicester City were confirmed as Premier League champions (at 5,000:1 the bookies certainly got that wrong), then in June we had Brexit (the politicians...
Continue reading