H1 2020 was very much a “game of two halves” as we say in the UK. Q1 saw 2019’s momentum continue followed by the unimaginable impact of the pandemic globally in Q2. Despite these headwinds, the Software sector has proved its resilience in this period as predicated in both public market valuations and decent mid-market M&A volumes.
Key questions: What happened in Q1? What has the pandemic done to volumes and valuation in Q2? What is driving the market? Who is and is not buying? Where is pricing? What’s next in H2?
Acuity Advisors’ 2020 H1 Software Update focuses on key themes and drivers across M&A and fundraising, summarised in the following sections:
- Key Takeaways – key M&A and fundraising market trends
- Valuation Analysis – share price and multiple evolution
- Deal Trends – key M&A and funding transactions and insights
- Market Map – leading listed industry participants in each subsector
About Acuity Advisors
We know technology and are experts in selling businesses, securing equity investments and raising debt finance.Our partners are senior players: skilled at getting to the heart of a technology business, understanding what will attract buyers and investors, and building long-lasting relationships. We have an unrivalled understanding of the industry’s complexities and personalities – our track record and client feedback are compelling evidence of that. We’re an international firm – most of our deals are cross-border, from offices in London, Munich, Shanghai and Silicon Valley – but we’re grounded in our approach. We move quickly when it’s needed, and we’re around for the long haul when patience is a virtue. We’ve maintained a very high success rate across hundreds of deals while keeping our focus on doing what’s right for our clients. From first meeting to successful exit, we earn the trust that clients and investors put in us. Learn more here.
© 2020 Acuity Advisors Limited
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