Monday, May 20, 2024

Why Darktrace’s US private equity deal isn’t all bad for UK tech

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Darktrace is the UK’s largest homegrown success story for public tech stocks in recent years. The news that it will soon be an asset owned by US private equity firm Thoma Bravo has led to another round of despair in the UK public market and tech and investment communities.

This take-private is, rightly, yet another example of the UK’s tech company exodus. The US markets are often seen as more appealing and more dynamic for attracting capital and supporting growth than the UK.

This further feeds into the narrative that Britain is not the place for the long-term growth of tech companies and that we do not have the environment to see them mature into multinational and globally competitive brands….

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