Kin + Carta has become the latest small technology business to recommend that its shareholders accept a takeover bid from a private equity firm.
The technology services business has urged shareholders to accept a £203 million offer from Apax Partners after the company suffered a sharp decline in its share price this year.
Private equity firms have targeted other small listed companies including Blancco Technology and Instem.
Apax’s offer to pay 110p per share for the company represents a 41 per cent premium on the value of its share price the day before the deal was announced. John Kerr, chairman of Kin + Carta, said the deal would offer shareholders the “certainty of a cash price today”.
Kin + Carta, which advises clients such as
