Healthtech
The pandemic has accelerated the digitalisation of healthcare, propelling healthtech to the top of investors’ shopping lists. Opportunities exist across the sector, including: lifestyle and healthcare applications and wearables, back office automation and workflow, and data insights and analytics.
Southern Communications Group acquired cloud telephony specialist X-on for £20 million and a c.10x EBITDA multiple. The move enables X-on to expand its Surgery Connect product which allows doctors to call or text patients, and switch between phone and video call consultations.
Edtech
The fragmented nature of educational technology, government investment in post-COVID-19 catch-up resources and the ongoing digitalisation of supporting services make edtech assets attractive prospects. The sector continues to internationalise with content and curriculum resources being increasingly shared and tailored across geographies.
eEducation Albert of Sweden acquired Sumdog, the leading provider of gamified learning and development tools for five to 14-year-olds. And Nordic specialist ILT Education made its first foray into the UK market with the acquisition of online K-12 literacy specialist Giglets. Both deals were advised by our M&A team.
Compliance
As environment, social and governance (ESG) rises to the top of board and investors’ agendas, we are seeing an uptick in activity for companies that deal with the ‘G’.
Mid-market private equity firm Livingbridge invested in Nourish Care Systems, a provider of digital care planning software to the UK social care sector. It supports care providers and carers in evidencing and accessing care records, while enabling better care provision using data insight and reporting.
