Private equity firms kept an affectionate gaze toward software companies in 2022. And you can expect private equity to keep targeting software stocks this year, provided rising interest rates don’t get in the way. The Federal Reserve is expected to continue its rate hikes amid its inflation battle. So financing acquisitions with debt could be harder for some private equity firms. But earlier this month, Francisco Partners continued the 2022 trend when it swooped in to buy Sumo Logic ( SUMO ) for $1.7 billion. And indications are that major private equity players are gearing up for more software shopping. "As we head into 2023, we believe we will continue to see elevated (private equity) activity within software as a result of persistent multiple compression across the industry reducing valuations of solid assets," Raymond James analyst Terry Tillman said in a recent note to clients. Names To Watch For 2023 Action If that trend continues, there are two private equity names to keep an eye on as the year progresses: Thoma Bravo and Vista Equity Partners. The two were the most aggressive private equity firms chasing software stocks in 2022, and are still flush with cash, thanks to their […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
