The state of European software M&A Deals and M&A Multiples in 2023 (Sponsored)
Summary
Given the complex and challenging economic and geopolitical circumstances the world faced in 2023, businesses found it equally difficult to engage in successful and profitable merger and acquisition (M&A) activities. While banks focused on controlling inflation, the M&A market still suffered significantly and remained subdued due to ongoing geopolitical uncertainties linked to the conflicts in Ukraine and Gaza. These uncertainties made it difficult for businesses to make decisions and move forward with acquisitions, leading to a significant decline in M&A activity. Edenred acquired Reward Gateway, a company that focuses on providing a platform for employees to communicate, receive recognition, participate in surveys, and access discount solutions. Flexera recently acquired Snow Software for an estimated amount exceeding €900 million to enhance its capabilities in cloud-native platforms for IT spend optimization.