Private equity buyers snap up UK’s hot tech stocks

Private equity buyers snap up UK’s hot tech stocks

Private equity firms have taken private four UK tech companies this year in deals worth $7.6bn, according to data from Preqin. The latest, software and hardware company Sophos, was snapped up by US buyout group Thoma Bravo last week in a deal valuing the cybersecurity firm at $3.8bn including debt.

Half of companies that were taken private in the UK over the past decade have been technology stocks. Since 2009, there have been 34 public-to-private deals in the UK information technology sector with an aggregate value of $24.3bn, Preqin data shows.

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