Software still a significant opportunity for private equity

PitchBook reports median deal size $60 million in 2021

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With its attractive revenue model, growth potential, efficient use of capital, and penchant for innovation, software is a natural target for PE interest. Recent history has shown just how much opportunity there is for private equity firms. And while there could be some mild declines in the coming year, they should be viewed in relation to the industry’s underlying vitality.

We see significant opportunity for PE investment in middle market software companies, but the competition will remain fierce. PE firms with focused strategies who can offer attractive terms to sellers while generating impressive ongoing returns will reap the rewards.

To learn more about the landscape of PE investment in U.S. software, view our recent market snapshot, powered by PitchBook.


Jennifer Kerber Bryan Walker
Partner, Mergers & Acquisitions
T +1 703 637 2830

Steven Perkins Steven Perkins
Technology and Telecommunications Industry Leader
T +1 703 637 2830

Ferreira CarlosCarlos Ferreira
National Managing Partner, Private Equity
T +1 212 542 9825

Victor SanduVictor Sandu
Director, Mergers & Acquisitions
T +1 212 542 9825