RollUpEurope

RollUpEurope is the home of serial acquirer. Join us on 27 November to mingle with the who's who of the software serial acquirer industry: https://lnkd.in/dKy9E6_n Are any key players missing from the infographic below? Comment and we will do our best to get them there!

Join us for an afternoon of insightful discussions on the latest trends and opportunities in the software M&A space!

Does your software rollup deserve a Constellation Software Inc. multiple? 6x+ revenue 20x+ EBITDA 250x growth in share price since the IPO There is no magic. 🪄 Below, we break down CSI's investment thesis 👇 Want to learn more - and network with fellow software serial acquirers? Join our Software Serial Acquirer Summit in London on 27 November: https://lnkd.in/dRhah42g

Nothing lasts forever 🎸🤘 The boom in SMB acquisitions - search funds, HoldCos, rollups - raises uncomfortable questions. Like, is IRR really the best metric for assessing long term compounders? 🧐 Cue the rise of “permanent equity”. Not just university endowments or startup managers like Sator Grove Holdings. An all-star US investor syndicate that made $$$ with search fund investments like Banyan Software and Vector Disease Control International (VDCI) is making big waves 🌊 writing $10M to $20M checks both sides of the Atlantic. What are their terms? And what founder profiles do they target? Read this Thursday 31st in our newsletter RollUpEurope.beehiiv.com

The search fund hype is spreading around Europe like a wildfire! 🔥 Or should we say, like a virus (of entrepreneurship)? 😉 In fact, a certain virus contributed in no small part to the spectacular exit for a search fund that kickstarted the search fund mania in Europe's busiest market 🇪🇸 We are excited to bring you the incredible story of Ariol Capital exit to Berlin Packaging ➡️ What did they buy ➡️ For how much ➡️ How did the business perform ➡️ How much did everyone make on the exit, and why You know the drill: at RollUpEurope we don't cut corners 🤓 Read here: https://lnkd.in/g_5GGiJp

Back in May, we ran a deep dive on Water Direct: an obscure but highly profitable rollup of UK 🇬🇧 emergency water services. It is a story of how an MBA student from Texas carved out a peripheral asset from a family conglomerate and turbocharged it with the help from M&A - and from climate change ☀️ https://lnkd.in/g34mGwj9 Guess what? It’s time for another search fund deep dive. This Friday 25th, we will be bringing you the story that inspired a whole generation of European searchers. With all the numbers. How much did they pay. What was the structure. What did they do operationally. How much did they sell for. Can you guess which one it is?

A huge thank you to the nearly 100 people who attended our UK Serial Acquirer Summit yesterday! It was crazy to see people flying in from Germany, Spain, Italy, and Czech Republic for the occasion! In case you missed the summit, check out the Tuesday newsletter for tips on: ✅ buy quality businesses cheaply - with minimal cash down ✅ structure debt to minimize risks ✅ what RD Capital Partners (RDCP) would’ve done differently - in hindsight 😉 Jamil Anakkar Mark Wharrier Sam Turner Sameer Rizvi Iryna Dubylovska Hans-Cornelius Koelln Clinton Lee Guy Mitchell And of course many thanks to our sponsors Pavleta Pavlova PPH Financial Group Tristan Alden Sourcescrub

Guys, we messed up 🤦 The venue for the 17 October Serial Acquirer Summit only holds 100. We have over a dozen people on the waitlist. Don’t worry: our following networking event, on 27 November still has seats available. Get yours today! https://lnkd.in/dKy9E6_n

RollUpEurope is attending the IESE Business School Search Fund Conference in the beautiful Barcelona 🇪🇸 Come say hi to Alex Prokofjev, CFA! Especially if you speak German and are interested in software HoldCos… He may have an opportunity for you!

Let's take a trip down the memory lane 🧳 In 2020, at the height of the pandemic, Taylor Swift pumped out not 1, but 2 albums: Folklore and Evermore. These albums cemented her superstar status (as well as guaranteeing hard rotation in my household for years to follow). Across the ocean in the UK, ClearCourse, a software aggregator backed by Aquiline Capital Partners, was busy gobbling up small SaaS businesses at a similarly brisk pace. A deal every 4 to 6 weeks. Fast forward 4 years, Ms Swift is worth $1B+ 💰 And ClearCourse... is probably not worth a billion. But don't feel bad for them: after a comprehensive reboot in 2023 - incl. CEO + CFO booted out, and a pause in dealmaking - ClearCourse IS BACK. What happened & what can we learn from ClearCourse's travails? Read our new article: https://lnkd.in/ewB9f2Wn Also, don't forget to register for our November Software HoldCo event: https://lnkd.in/e4zRqe9H