Deal Value

In March, electronic payment processing company MoneyGram was acquired by Madison Dearborn Partners for $998M at 1.4x revenue. 

South Africa-based Net 1 UEPS Technologies bought Connect Group for $242M, transforming its merchant offering, MSME footprint and growth trajectory. 

In Italy, the utility company Enel has agreed to buy 50% of Mooney to manage the payment firm, jointly negotiating with Intesa Sanpaolo creating a new entrant to the European fintech market. 

Booz Allen Hamilton Holding Corporation acquired digital forensics and incident response, remediation, recovery, ransomware settlement company Tracepoint to create a scaled business in three key areas: incident response, enterprise consulting and managed services. 

In September, Swiss firm SoftwareONE acquired UK-based AWS-focused consulting, engineering, systems integration, and managed services company HeleCloud. 

Perth-based systems integrator Empired was acquired by Capgemini for $172.5M. This acquisition will increase the size of the Capgemini business in Australia and New Zealand and position it as a market leader in digital, data and cloud across the region. 

enVista, a global software, consulting, managed services and automation solutions firm, acquired long-time partner HCM Systems, a robotics systems integrator. 

Huntington Ingalls Industries acquired for $1.4B Alion Science and Technology, a technology-driven solutions provider located in McLean, Virginia. 

Canada-based Mazooma Technical Services was acquired by Nuvei Corporation for $56M and expands on Nuvei’s portfolio of alternative payment methods with a leading ACH platform.

In April, provider of customer life-cycle management Deluxe acquired First American Payment Systems. By adding First American, Deluxe anticipates cross-selling into new verticals, including government, non-profits and retail.