Kape Technologies Going Private in £1.25 Billion Deal

Kape Technologies is considering leaving the UK stock exchange and going private in an acquisition deal that is valued at £1.25 billion.

The company is looking to be acquired by the Israeli billionaire Teddy Sagi, who also owns Camden Market in London in addition to founding the software group Playtech.

Kape Technologies is not alone in its desire to go private as numerous tech companies have been complaining that investors greatly undervalue tech companies throughout the UK stock exchange. Aveva and Avast are two other tech companies that recently went private for similar reasons.

Source: Financial Times