Greenlight Capital completed the acquisition of a stake in Software.

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”.

Principals

target

Software

bidder

Greenlight Capital

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Market Context

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Seller Team (1)

sanjay brahmawar

CEO at SOFTWARE AG

Manager

target

Deals

£ 4.51 B

Total Value

Bidder Team (1)

david einhorn

Founder at GREENLIGHT CAPITAL

Investor

bidder

Deal

n/a

Total Value

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