martinwolf
Transaction Analysis
Presidio Reportedly Close to Filing IPO
Financial Information*
- Enterprise Value $3 billion
Transaction Facts
- IT Solution Provider Presidio Holdings is reportedly considering an upcoming IPO filing, which may occur as early as later this week.
- The IPO would value Presidio at approximately $3 billion, according to a report in the Wall Street Journal citing a person familiar with the proposed deal.
- Presidio, which earlier this year was reported to be interviewing bankers, is now said to have hired JP Morgan Chase and Citigroup to lead the offering.
- The transaction would take place next year.
A Rare Light in a Dark Sky
- Few and Far Between: 2016 has been a slow year for US IPOs - according to Dealogic, 104 companies have raised $22 billion on a year-to-date basis. This is the lowest dollar amount in any similar period dating to 2003.
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 PE IPOs Not Immune to Trend: Presidio is owned by Apollo Global Management, which has used its resources to fund several supplemental acquisitions such as that of Netech earlier this year. This has not been a year of big public exits. Private-equity backed companies sold $34.2 billion of stock in US IPOs in 2015 - a record - but only $9.7 billion in 2016.
- A Warmer Reception to Come?: Though this has been a tight year for IPOs, multiple signs indicate a warming climate - particularly in the technology space. IT Services provider peers are up, and the tech companies that did go public in 2016 enjoyed an average 30% day-one rise in share price.
For more information about this transaction,
click here to read an article in the Wall Street Journal.
*Though no formal IPO filing has been announced, a media report appeared in the Wall Street Journal citing "a person familiar with the matter."
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With offices in New York and the San Francisco Bay Area, martinwolf is a leading M&A Advisory focused on middle market companies in the IT Services, IT Supply Chain, IT-Enabled Business Process Outsourcing and Software as a Service (SaaS) space. Since 1997, our team has completed more than 140 transactions in nineteen countries and sold seven divisions of Fortune 500 companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com. To learn more about martinwolf, contact Matthew Putzulu at mputzulu@martinwolf.com. © martinwolf 2016 |
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Napoleon Hill
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