South West-based technology-focused investment bank, ICON Corporate Finance, has opened a San Francisco office to capitalise on US-UK mergers and acquisitions markets and investment opportunities expected to proliferate in 2020 and beyond.
ICON believes that digital transformation across all industry sectors has now accelerated as the most pressing priority for organisations in the aftermath of Covid-19. ICON predicts that this will drive future growth and appetite for acquisition of tech companies worldwide.
Its assessment is underpinned by a recent ICON survey of some of the most active UK M&A buyers. This showed that there has been no drop in appetite for acquisition in the tech sector in 2020, which remains high, with key areas for expansion expected to be in fintech, cloud, managed services, healthtech, cybersecurity, AI and enterprise software.
As organisations adapt to new ways of working, companies in the US tech market will continue to be amongst the most acquisitive as they continue to seek out the deep tech and disruptive young companies that are reshaping the world.
From its head office in Bristol, in the UK’s most dynamic region for tech start-ups and scale ups, ICON will bring clients access to Silicon Valley, the world’s tech and deal hub, where billion-dollar start-ups proliferate and appetite for investment and acquisition of disruptive technology is unrelenting.
With the West Coast central to its future expansion plans, ICON, which led US-based IQVIA’s acquisition of Swindon-based Optimum Contact, and JP Morgan’s funding of UK-based Mosaic Smart Data, has appointed former industry analyst at 451 Research and DataTech expert, Ben Kolada, as Head of US Tech Investment Banking. Ben has over a decade of experience in the sector and a deep knowledge of the West Coast and US markets.
CEO and Founder of ICON, Alan Bristow, adds: “As the world discovers the new normal, it is the tech sector that will drive societal changes and the way we work. Its innovative approach, and the dominance of the US West Coast in deals origination, is the driver for our new presence in San Francisco. We are excited to be providing the businesses of the SW region closer access to the world’s most vibrant and prolific M&A and funding market.”