EUROPEAN SOFTWARE M&A MARKET
2019 Software Market Snapshot

The European software M&A market got off to a tremendous start this year – with 277 transactions in the first half of 2019, activity was 35% higher year on year. Following on from last year’s positive volume and valuations development, M&A transaction activity reached its highest level in over 10 years. We are pleased to present you our first H1 2019 Snapshot of the European Software M&A Market.

Partners

Picture of Michael Moritz
Michael Moritz

Managing Partner

Telephone: +49 30 809 33 47-13

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Picture of Mark Miller
Mark Miller

Managing Partner

Telephone: +49 40 300 836-11

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Picture of Daniel Garlipp
Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

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Picture of Anders Bo
Anders Bo

Managing Partner

Telephone: +45 4199 8252

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Picture of Anders Elgemyr
Anders Elgemyr

Managing Partner

Telephone: +46 70 496 18 15

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Picture of Erik Lundberg
Erik Lundberg

Partner

Telephone: +46 73 850 35 59

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Picture of Sebastian Fischer
Sebastian Fischer

Director

Telephone: +49 89 255 49 53-12

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Picture of Nils Zettelmeyer
Nils Zettelmeyer

Director

Telephone: +49 30 809 33 47-25

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Carlsquare at glance

12

Partners

70+ 

Employees

06

Offices across Europe

55

Transactions in the past 2 years

European software

Private equity investors in particular are increasingly on the hunt for attractive investment opportunities within the software sector – an observation reflected both in the transaction number increase, and in higher deal volumes by PE players. Central valuation drivers are Cloud and SaaS business models that put growth above profitability. While large horizontal players have been consolidating the market, more and more high-growth specialists are emerging in niche sectors. Another trend we observed are strategic buyers hitherto unrelated to the software markets acquiring software assets in an effort to make their products smart and connected.

With 70 employees across our offices in Hamburg, Munich, Berlin, London, Stockholm and Copenhagen, we offer integrated cross-border M&A advice for medium-sized transactions. Within the last 18 months, we have completed 43 transactions, 8 of them in the software segment. This makes us one of the most active M&A advisors in the market.

If you are planning a transaction or are interested in an exchange regarding the software market, we are looking forward to a dialogue with you. Simply get in touch with us.

Spotlight Group
Global International Connectivity Background

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Team

Picture of Jessica Algner
Jessica Algner

Assistant

Telephone: +49 30 809 33 47-12

LinkedIn

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Picture of Polina Amini
Polina Amini

Senior Associate

Telephone: +49 40 300 836-14

LinkedIn

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Picture of Jonatan Andersson
Jonatan Andersson

Equity Analyst

Telephone: +46 70 508 00 51

LinkedIn

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Picture of Markus Augustsson
Markus Augustsson

Head of Equity Research

Telephone: +46 76 235 03 20

LinkedIn

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Picture of Agata Barsallo
Agata Barsallo

Office Management & Accounting

Telephone: +44 20 8017 6020

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Picture of Caroline Berglund
Caroline Berglund

Head of Equity Sales

Telephone: +46 73 382 10 82

LinkedIn

@

Picture of Anders Bo
Anders Bo

Managing Partner

Telephone: +45 4199 8252

LinkedIn

@

Picture of Ulf Boberg
Ulf Boberg

Senior Advisor Life Sciences

Telephone: +46 73 312 44 90

LinkedIn

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Picture of Manfred Drax
Manfred Drax

Partner

Telephone: +49 89 255 49 53-15

LinkedIn

@

Picture of Anders Elgemyr
Anders Elgemyr

Managing Partner

Telephone: +46 70 496 18 15

LinkedIn

@

Picture of Niklas Elmhammer
Niklas Elmhammer

Senior Equity Analyst

Telephone: +46 898 39 59

LinkedIn

@

Picture of Sebastian Fischer
Sebastian Fischer

Director

Telephone: +49 89 255 49 53-12

LinkedIn

@

Picture of Daniel Garlipp
Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

LinkedIn

@

Picture of Philip Goldhahn
Philip Goldhahn

Vice President

Telephone: +49 40 300 836-21

LinkedIn

@

Picture of Thorsten Grandt
Thorsten Grandt

Vice President

Telephone: +49 30 809 33 47-20

LinkedIn

@

Picture of Johan Heigard
Johan Heigard

Vice President

Telephone: +46 70 246 99 88

LinkedIn

@

Picture of Caroline Heintz
Caroline Heintz

Senior Associate

Telephone: +46 707 40 68 58

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Picture of Maurice Hinrichs
Maurice Hinrichs

Associate

Telephone: +49 40 300 836-20

LinkedIn

@

Picture of Arnold Holle
Arnold Holle

Managing Partner

Telephone: +44 20 80176020

LinkedIn

@

Picture of Lars Johansen
Lars Johansen

IT&Telecom Expert

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Picture of Elaine Kelly
Elaine Kelly

Head of Marketing

Telephone: +49 40 300 836 18

LinkedIn

@

Picture of Anna-Lena Kickbusch
Anna-Lena Kickbusch

Office Management & Accounting

Telephone: +49 40 300 836 10

LinkedIn

@

Picture of Morten Kjærulff
Morten Kjærulff

Partner

Telephone: +45 2634 9031

LinkedIn

@

Picture of Mischa Krause
Mischa Krause

Director

Telephone: +49 40 300 836-24

LinkedIn

@

Picture of Steffen Leckert
Steffen Leckert

Managing Partner

Telephone: +49 89 255 49 53 26

LinkedIn

@

Picture of Malve Liebig
Malve Liebig

Senior Associate

Telephone: +49 89 255 49 53-18

LinkedIn

@

Picture of Erik Lundberg
Erik Lundberg

Partner

Telephone: +46 73 850 35 59

LinkedIn

@

Picture of Eva Macha
Eva Macha

Office Management & PA to Michael Moritz

Telephone: +49 30 809 33 47-10

LinkedIn

@

Picture of Mandy May
Mandy May

Head of Operations

Telephone: +49 30 809 33 47 16

LinkedIn

@

Picture of Mirja Meyer
Mirja Meyer

Office Management & Accounting

Telephone: +49 40 300 836 10

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Picture of Mark Miller
Mark Miller

Managing Partner

Telephone: +49 40 300 836-11

LinkedInXING

@

Picture of Michael Moritz
Michael Moritz

Managing Partner

Telephone: +49 30 809 33 47-13

LinkedIn

@

Picture of Bertil Nilsson
Bertil Nilsson

Senior Equity Analyst

Telephone: +46 70 434 90 03

LinkedIn

@

Picture of Flemming C. Pedersen
Flemming C. Pedersen

Managing Partner

Telephone: +45 4199 8251

LinkedIn

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Picture of Anika Schaefer
Anika Schaefer

Office Management & HR

Telephone: +49 89 255 495 310

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Picture of Alexander Schleppegrel
Alexander Schleppegrel

Associate

Telephone: +45 2621 0543

LinkedIn

@

Picture of Nico Schmidt-Weidemann
Nico Schmidt-Weidemann

Managing Partner

Telephone: +49 89 255 49 53-17

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Picture of Caspar Graf Stauffenberg
Caspar Graf Stauffenberg

Managing Partner

Telephone: +49 89 255 49 53-11

LinkedIn

@

Picture of Jon Tingling
Jon Tingling

Vice President

Telephone: +44 77 1347-8286

LinkedIn

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Picture of Sybille de Vegvar
Sybille de Vegvar

Business Development & Marketing

Telephone: +44 20 8017 6017

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Picture of Oskar Wollert
Oskar Wollert

Vice President

Telephone: +46 761 71 11 60

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Picture of Nils Zettelmeyer
Nils Zettelmeyer

Director

Telephone: +49 30 809 33 47-25

LinkedIn

@

Picture of Andreas Zetzsche
Andreas Zetzsche

Partner

Telephone: +49 30 809 3347 33

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Picture of Marta Zientarski
Marta Zientarski

Vice President

Telephone: +46 73 840 55 66

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