“Private equity will always love software,” explained Pete Dalrymple, managing director and co-head of technology investment banking at William Blair. “Maybe the valuations are different, but the fundamentals are not. Software is embedded in our daily lives and is ubiquitous across numerous industries and use cases. In good markets and bad, investors appreciate the recurring and predictable nature of these businesses, their capital efficiency, and the additional M&A opportunities that oftentimes come along with owning a platform of scale.”
Why private equity firms still love enterprise software
Q1 saw significant enterprise software deal announcements from Blackstone, Silver Lake, Thoma Bravo and Vista.
