The Daily BidCo

On 17 September 2026, Softcat plc, the London-listed IT infrastructure and services reseller, announced it had agreed to acquire GDT, a Dallas-headquartered enterprise IT solutions provider currently owned by US private equity firm H.I.G. Capital, for an enterprise value of $1,050 million (£785 million). The price is calculated on a cash-free, debt-free basis (a standard way of pricing a private company sale so the buyer pays only for the operating business, adjusting separately for however much cash or debt happens to be sitting on the target's balance sheet at completion), and is subject to a normal working-capital adjustment.