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Takeaways from 500 targets (and counting) I have been doing software M&A for the last 4 years. Of which the last two I have spent
19 February 2024
Takeaways from 500 targets (and counting) I have been doing software M&A for the last 4 years. Of which the last two I have spent
Founder friendly, 100% of the time We’ve been itching to write this article for a long time! We’ve covered the front-end (fundraising, frugal origination) and
In Vol.1 we discussed how industry characteristics influence HoldCo design. In Vol.2 we will address the following questions: From an investor’s point of view, what
Exactly how do rollups create value? HoldCos exist to create value for rollups, which in turn exist to create value for their investors. Ignoring “passive”
Why is this important? When it comes to acquiring mission-critical enterprise applications, companies like Constellation Software and its peers have honed the art of identifying
Why is this important? Since 2022, we have witnessed a substantial influx of capital into the rollup space, with strong support from venture capital (e.g.,
Why is this important? Since late 2022, we have witnessed a substantial influx of capital into the rollup space, with strong support from venture capitalists
When studying Constellation Software (CSI), people tend to focus on its playbook, value creation, and end markets. The acquired businesses’ economic models are often overlooked.
Among aggregators of enterprise software, Constellation Software is held up as a source of inspiration. A number of Constellation alumni lead well-funded aggregators, such as
Why is this discussion important We’re living in momentous times for the rollup industry, with a plethora of new entrants raising capital for very different
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