ADBE - Private Equity Placing Floor Under Tech Valuations
By Hilary Frisch, CFA
PE Buyers Consolidating Key Technology Segments
In recent periods, the role of private equity ((PE)) investors in the life cycle of smaller and newly public companies has evolved. Certain PE participants have transitioned from being the buyer of last resort for companies to engaging in strategic deals to roll up key industry segments. In this way, PE buyers are creating strongholds within certain technology verticals and becoming the “go to” source for certain key functionalities, which they will be able to either take public through IPOs or sell to strategic acquirers