the serial acquirer
Market Observatory · 2026-Q3
Every deal on file, with a price
One page per disclosed acquisition: the multiple, its basis, the filed source, and where it sits in the register.
33 disclosed prices from 10 buyers, cheapest first. The register holds 77 acquisitions; the other 44 disclose no usable price, and that gap is the subject. Each single acquisition below has its own page with the figure, its basis, its filed source and where it sits among the rest.
What this does not support
- 33 observations from 10 buyers is not a market. The sample is the buyers who disclose enough — and there is no reason to assume that is unrelated to what they pay.
- The buyers are European; 5 of the targets are not. Targets outside Europe carry their region beside the name. They are a different market and are shown so they can be read separately.
The rest of the register
Guess what serial acquirers paid →What European software serial acquirers actually pay, from filed accounts. Guess the price, then see the source.
What was paid, per unit of revenue →Every disclosed acquisition price in the register, one row per observation, coloured by how well it is evidenced.
The acquirers, one by one →Every tracked buyer with its prices, capital deployed, debt and what its capital costs.
Every deal on file →One page per disclosed acquisition, with the filed source and where its price sits in the register.
How much they deploy →How much capital each European software serial acquirer actually puts to work, and across how many acquisitions.
What they owe, and what it costs →Net debt against revenue, the interest each buyer actually pays, and every credit facility on file with its terms.
What their own capital costs →An estimate of what each buyer pays for capital, set against the 20-30% return they demand of the companies they buy.
Method, limits and imprint →How every figure in this register is sourced, what the sample does not support, and the legal notices.
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