How active is Private Equity / PE-Backed Roll-Up in software enterprise acquisitions?

23 disclosed private equity / pe-backed roll-up acquisitions of software enterprise businesses analyzed (23 from 2018+). Run the ExitValue.ai calculator to see what this buyer pool would pay for your specific business.

Who are the most active private equity / pe-backed roll-up buyers of software enterprise businesses?

Top recent acquirers by deal count: Thoma Bravo, L.P. (3 deals), General Atlantic Service Company, L.P. (1 deals), Turn/River Management, L.P. (1 deals), Haveli Investment Management LLC (1 deals), Crosspoint Capital Partners, LP (1 deals), Kaseya Inc. (1 deals).

BUYER POOL ANALYSIS

Selling a Software Enterprise to Private Equity / PE-Backed Roll-Up buyers

Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.

Quick answers

How many disclosed transactions?: 23 deals total (23 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of software enterprise businesses.
Most active buyers: Thoma Bravo, L.P. (3) · General Atlantic Service Company, L.P. (1) · Turn/River Management, L.P. (1) · Haveli Investment Management LLC (1) · Crosspoint Capital Partners, LP (1) · Kaseya Inc. (1)
What would this buyer pool pay for my business?: Run the ExitValue.ai calculator to see your software enterprise priced against the 23 disclosed private equity / pe-backed roll-up transactions in this segment. The engine surfaces the specific multiples that apply to your size, margin, and growth profile.

Recent disclosed deals

Private Equity / PE-Backed Roll-Up acquisitions of software enterprise businesses with named target and named acquirer.

Year	Target	Acquirer
2026	OneStream, Inc.	General Atlantic Service Company, L.P.
2025	SolarWinds Corporation	Turn/River Management, L.P.
2024	ZeroFox Holdings, Inc.	Haveli Investment Management LLC
2023	Absolute Software Corporation	Crosspoint Capital Partners, LP
2022	Datto Holding Corp.	Kaseya Inc.
2022	KnowBe4, Inc.	Vista Equity Partners Management, LLC

What this buyer pool prices for

Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis - recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. A software enterprise that fits the platform thesis prices materially above what an individual buyer would pay because PE is buying a platform piece, not an owner-operated shop.

Methodology note

Deal flow shown reflects disclosed M&A transactions in the ExitValue.ai database, filtered to software enterprise businesses acquired by private equity / pe-backed roll-up buyers. Deal counts shown reflect deals with disclosed financials only - total transaction count for this buyer pool is typically 2-3x larger. The valuation engine reveals the specific multiples that apply to your business when you run the calculator above. Full methodology

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Engine-grounded estimate. Comparable private equity / pe-backed roll-up deals on the full results page.