Pub K
Hot Software Take-Privates Are Low on Leverage
In the midst of a crisis in the banking sector, investors pulled off a string of high-profile deals worth a combined $18.5 billion to take several publicly traded software names private. The series of buyouts underscore the growing importance of the two key trends in the current dealmaking landscape: a decrease in the use of debt for financing and the growing importance of the take-private strategy in a time of sharply higher interest rates.