One transaction of note during Q2 was Conneqt Business Solutions, a subsidiary of Quess Corporation, which acquired a 61% stake in Allsec in a deal valued at $61.3 million on April 17, 2019. Allsec Technologies is a provider of business process solutions, including call center, payroll processing and data verification services.
Deal volume in Q2 2019 was relatively comparable to previous years with 31 reported BPO deals closed
Investors have moved down market in 2019 to smaller deals
In Q2 2019, strategic acquirers accounted for a larger percentage of deal volume at 61%, but Private Equity firms accounted for 89% of the invested capital in the same period
BPO public company stock prices and valuation multiples trended downward through 2018 with a recovery and uptick into 2Q 2019