Announced
Completed
Financials
Sources
Tags
software
Software
Acquisition
Friendly
Completed
Germany
Public
Single Bidder
Private Equity
Minority
Synopsis
Greenlight Capital, David Einhorn’s hedge fund, completed its acquisition of an undisclosed stake in Software, a German business software developer. Greenlight said that Software stock was purchased at €31 ($40) per share, representing a multiple of 2.3 times revenue and “a deep discount to comparable companies”.
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