December 2023

Oliver Bach, Senior Manager, Corporate Finance | Hans-Jürgen Rondorff, Partner, Corporate Finance

M&A Software Sector Update Q3-2023

• Market segment spotlight: Cybersecurity Software
• M&A sentiment & KPIs Q3-2023
• M&A activity over time
• Recent software sector share price performance
• Selected M&A transactions Q3-2023
• Implied multiple
• Sales growth rates & operating margins