Technology

Sports, Media,
and Entertainment

Telecoms

We advised Arche MC2, a French social care software.... Read more

We advised Arche MC2, a French social care software publisher, and its majority shareholder Activa Capital, a private equity company, on the acquisition of Solware Life, a software developer dedicated to the digitization of nursing homes and disability structures.

This transaction allows Arche MC2 to expand its service offering and strengthen its position as a market leader in multimodal care, addressing all social and medico-social professions.

Lawyers in our Paris office led the transaction, with support from our tax practice.

We jointly advised IBM, a leading provider of global.... Read more

We jointly advised IBM, a leading provider of global hybrid cloud, AI, and consulting expertise, on the global transfers and post-closing integration aspects of its US$4.6 billion all-cash acquisition of Apptio Inc., a leader in financial and operational IT management and optimization software.

The acquisition positions IBM to advance its IT automation capabilities and to deliver enhanced business value across technology investments.

Lawyers in our Washington, D.C. office led the transaction, with support from our Berlin, Boston, Brussels, and New York offices and our antitrust and foreign investment practices.

We advised Intel Corporation, a multinational.... Read more

We advised Intel Corporation, a multinational technology company, on the sale of minority interests in its IMS Nanofabrication GmbH (IMS) business to Bain Capital, TSMC, and Jeol Ltd.

The transactions, which value IMS at approximately US$4.3 billion, position Intel to build on IMS’ leadership in multi-beam mask writing for use in semiconductor technologies.

Lawyers in our Silicon Valley office led the transaction, with support from our Amsterdam, Boston, Brussels, Munich, New York, San Francisco, and Washington, D.C. offices and our antitrust, employee benefits, intellectual property, privacy and cybersecurity, regulatory, and tax practices.

We advised PhonePe Private Limited, Singapore on the.... Read more

We advised PhonePe Private Limited, Singapore on the separation of ownership of PhonePe Private Limited, India, India’s largest digital payments platform, from the Indian e-commerce giant Flipkart Private Limited.

Establishing these businesses as individual entities will allow both to chart their own growth paths, as they continue building industry-leading offerings that provide access and inclusion for Indians.

Lawyers in our Singapore office led the transaction, with support from our London and New York offices and our employee benefits and securities practices.

Sector performance

Tech M&A was disproportionately affected by the overall downturn in M&A activity in 2023, which fell precipitously from the record-breaking heights of 2021. Regulatory scrutiny remained a looming challenge that shaped deals, influenced market dynamics, and challenged traditional approaches.

Traditional players adapted by engaging in strategic partnerships to stay competitive. Additionally, activity in the software and internet services sectors was particularly strong due to ongoing digital transformation and decreasing tech company valuations. Emerging trends like AI, cybersecurity, and blockchain drove a flurry of acquisitions as companies sought to bolster their capabilities.

Hogan Lovells activities

In 2023, our Technology team launched a global AI Working Group, which produced two comprehensive thought leadership resources, the AI Hub and our Global AI Trends Guide, featuring insights on the evolution of AI in M&A.

We hosted our Superwomen in Tech & Telecoms virtual roundtable, which brought together the next generation of women lawyers and industry professionals to share their unique insights and expertise. We also hosted our first in-person Silicon Valley M&A Forum since 2020, where market leaders gathered to discuss the current state of play in the tech M&A marketplace.