The KP Tech Insights series starts with a full-year review 2023 of the M&A and corporate finance market in the B2B software sector. We will keep you up to date on the development of the most relevant M&A deal multiples, current M&A transactions, the latest M&A trends and background information. From 2024, KP Tech plans to publish these reports every six months.
Our B2B Software M&A and Corporate Finance reports cover a wide range of topics:
- Executive Summary: Overview of M&A activities
- M&A activity in the sector in Germany, Austria, Switzerland, Europe and worldwide on an annual basis
- Transaction values on a quarterly basis in Europe and the USA
- The six most outstanding acquisitions of the half-year in the B2B software sector
- Further significant transactions from strategists and private equity
- Changes in M&A multiples in the B2B Software sector
- Development of EV/Revenue & EV/EBITDA multiples by subsector in Europe
- Global transactions in the Software-as-a-Service segment (SaaS)
- Listed B2B software companies in Europe divided into sub-sectors
- Development of share prices in Europe
- Global take-private deals in the B2B software sector (stock exchange delisting)
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Q1-Q2 2024 available from fall 2024
Excerpts from the B2B Software M&A and Corporate Finance Report 2023
Global M&A multiples in the B2B software sector 2023
In 2023, the median of global transactions in the B2B Software sector was a multiple of 2.2x revenue, remaining relatively constant compared to the 2022 figure of 2.3x. However, valuations are still well below the peaks seen during the COVID-19 pandemic, which reached 3.9 times turnover.
EV/Revenue & EV/EBITDA multiples in Europe by subsectors
While the multiples of some subsectors in 2023 remain the same or even continue to fall compared to 2022, some multiples have already increased again.
Top 6 B2B software acquisitions in Europe in 2023
The largest transaction in the B2B software sector in 2023 was Simcorp, which was acquired by Deutsche Börse in April. In 2nd place is the acquisition of Reward Gateway by Edenred. Discover in our report which other top transactions took place in 2023!
Other important B2B software M&A transactions in Europe
The transactions are divided into strategic buyers and private equity.
Listed B2B software companies by subsectors
In our reports you will find a list of listed companies in the eight subsectors “ERP Logistics & SCM”, “CRM & Marketing”, “Accounting & Finance”, “Human Resource Management”, “Collaboration Tools”, “Data, Information & Knowledge Management”, “Industry Specific Software”, “Automation Software Product & Services”.
Global transactions in the Software-as-a-Service (SaaS) segment
SaaS-based businesses have also seen a decline in deal activity both in terms of volume and value. The median revenue multiple also fell from 5.8 in 2022 to 4.6 in 2023.
Can we help you?
KP Tech Corporate Finance has been a successful M&A boutique for more than 20 years, working for clients in a wide range of sectors. We respond quickly to complex mergers & acquisitions and corporate finance situations and help our clients to analyze, structure, negotiate and successfully close the best possible solutions from both a strategic and financial perspective.
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