Market View – December 2020 Review of the year and the technology M&A market

This was the year most will want to forget and hope that the introduction of the new vaccines will allow a return to a more normal life for both business and us as individuals along with an improved economy. We also have the Chancellor’s Spring statement to come and will learn whether CGT rates will be increased and Entrepreneurs relief change.

WTA has had a reasonably good Covid completing three transactions, all buy sides, as well as winning three new sell mandates and one buy side following the lockdown announcement of March 23rd. We closed a sell-slide transaction before then too. One buy-side client lost interest in a software company serving UK and international airports rightly believing its income would fall drastically. A sell side has been delayed to next quarter as the client was negatively impacted by the virus.

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