the serial acquirer Market Observatory · 2026-Q3

Guess what they paid

Six real acquisitions by European software serial acquirers. You see what the buyer disclosed; you guess what was paid per unit of annual revenue. Every answer comes from a filed account, and every reveal names its source.

0.53x–13.95xpaid per unit of the acquired company’s annual revenue, across 33 disclosed prices
1.8%–18.0%of revenue goes out as interest — a tenfold spread between the least and most borrowed
50of 77 acquisitions on file disclose no usable price at all. That gap is the subject.

The rest of the register

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.
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.

Get the next set of figures

The form is provided by beehiiv and brings its own script. beehiiv’s visitor-tracking script is not used here. What that means.

Figures as at 2026-09-08. Every number on this page comes from a filed account or a company’s own published report — how, and what it does not support.