Investors, including myself, have historically lionized the ability of private equity sponsors to drive efficiency and get software businesses to 30%+ EBITDA margins. This has been the basis for underwriting private equity “put” for high-quality software businesses, at least in some part. But how durable is this rationale? And are private equity firms actually delivering on this thesis for their software investments?
This article is gold. Great insights into how the most skilled players are moving, it seems SaaS are perfect targets at this point. Thank you for sharing.
The pre-PE/post-PE table is great
This is so good.
This article is gold. Great insights into how the most skilled players are moving, it seems SaaS are perfect targets at this point. Thank you for sharing.
Great read! Will be interesting to track Silver Lake's acquisition of Qualtrics announced this past week.