How was 2020 for you? The ICT sector has been one of the few areas to experience increased demand for its services as resellers were moving mountains to ensure that UK businesses could continue to operate in one of the most challenging business environments we have ever experienced. We have been incredibly busy at Knight reflecting continued interest in the sector from an investment perspective. Whilst our businesses may have had a relatively positive experience, on a personal level, I am sure most will agree it has been a frustrating time.
At Knight we have completed over 120 transactions across the Comms and IT sector. Our most successful outcomes have been working for businesses that are prepared for a transaction with shareholders that have clear and aligned objectives that enable their business to work for them – not the other way around.
As we enter 2021, the market remains strong, M&A will continue. We are lucky enough to work in a market that will continue to bring opportunity and with a range of strategic options that we can draw upon. However what 2020 taught us is how much we miss family and friends, to be able to celebrate together, and support each other in and out of work.
A year in review
The resilience of the ICT sector has been recognised not least with a continuation in deal activity with trade buyers and institutional investors seeking the well managed profitable resellers. Knight has experienced this continued level of activity first-hand having successfully delivered 14 transactions across the IT & Comms sector.
Wishing everyone a Merry Christmas and a prosperous and healthy new year, we can’t wait to see you in person in 2021