Translink Corporate Finance in the United States advised IRN Home Care in its sale to Honor Health Network (Honor), a portfolio company of Webster Equity Partners. Honor is a portfolio company of Webster Equity Partners. IRN Home Care is a premier provider of non-medical home care services in the greater Denver, Colorado area.
Translink Corporate Finance in the United Kingdom advised shareholders of Riverside Medical Packaging, a leading supplier of sterilisation packaging systems and services on the sale to Sterimed, a world leader in medical packaging.
Translink Corporate Finance in the United States initiated the acquisition of FullScope IT (FullScope), a managed IT services business with a strong presence in the eastern and southwestern United States, by Magna5, a leading provider of managed IT, cybersecurity, and cloud solutions for small to mid-sized businesses and a NewSpring Holdings platform company.
Translink Corporate Finance acted as the advisor to Eluxis, a full-service agency for knowledge management in the technical sector, on the sale to Demcon, a company focused on developing, manufacturing and supplying high-quality technology and innovative products to address social challenges in various sectors.
As we progress through 2024, the IT Services sector demonstrates a steady yet cautious landscape, with valuations remaining largely unchanged from earlier in the year. Despite the resilience, challenges such as extended sales cycles, tight client budgets, and slow growth persist, delaying expectations of a major recovery until 2025.
Translink Corporate Finance team in Poland served as the exclusive transaction advisor on the finalisation of the sale of a minority stake owned by the founding family of KAN Sp. z o.o., a leading fashion retail chain in the Central and Eastern Europe Central and Eastern Europe (CEE) region operating under the Tatuum brand.
Translink Corporate Finance in Spain advised Mitie Group plc (Mitie), a leading facilities management and professional services company, on the acquisition of Grupo Visegurity (Visegurity), a leading Spanish security business.
Translink Corporate Finance in the United Kingdom is pleased to announce that it acted as the lead advisor to the Shareholders of the National Floorcoverings Group (NFG), a company specialising in the manufacture of textile floor coverings and sports surfaces, on the sale to Nimbus, a Pan European investor that specialises in buy outs, carve outs and turnaround situations.
The Translink Corporate Finance IT Services Valuation Index for Q3 2024 shows that the trading environment for most businesses in the IT services sector remains relatively unchanged from the previous six months. The gradual recovery in the sector has continued into the first half of FY24, with valuations across the sub-sectors holding steady.
Translink Corporate Finance teams in Poland and Italy advised Kotniz (Białystok, Poland) – a leading European producer of stainless steel and aluminum components for sailing boats, motor yachts, and mega-yachts – on the acquisition of a majority stake in Metalstyle, a company based in Carasco (Genoa, Italy), active in providing stainless steel and aluminum solutions for the nautical sector.
