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Announced

Completed

Greenlight Capital completed the acquisition of a stake in Software.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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EV/EBITDA-
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Sources

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software

Software

Acquisition

Friendly

Completed

Germany

Public

Single Bidder

Private Equity

Minority

Synopsis

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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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