Liquidity: The 2018 Minnesota Tech M&A Review

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Thanks to the M&A specialists at Franklin Partners, we are able to provide a comprehensive analysis of merger and acquisition activity involving Minnesota tech companies for the calendar year 2018.

High Level 2018:

+ A total of 89 transactions* involving Minnesota-based technology firms was reported in 2018. Like funding, this number is a minimum since there are always off record/unreported transactions.

+ This is an increase in transactional volume of 29% year over year, as there were 68 deals involving Minnesota tech companies in 2017.

+ There were 45 deals in 2016, 47 deals in 2015; 63 deals in 2014, 59 deals in 2013, and 45 deals in 2012 – when the annual M&A review first began seven years ago, as pictured:

Minnesota buyers: 50

Minnesota sellers: 32

Minnesota on Minnesota: 7

Busiest Quarter: Q4

Average deals/month: 7

Busiest MN Buyers: Marco (5); NEWSCYCLE (4); Granicus (3); ConvergeOne (3); DTN (3)

Minnesota startups acquired: (3) – Bitesquad; MyAlerts; Flipgrid

Largest disclosed sales: ConvergeOne +CVC Fund VII = $1.8b; Medtronic + Mazor = $1.6b; Inovalon + Ability = $1.2b; HGGC + HelpSystems = $1.2b; 3m + M*Modal = $1bBest Buy + GreatCall = $800m; ResMed + MatrixCare = $750m

 

 

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