The market during Q2 2020 was described as a sharp “V” as prices and volume took a dip but rebounced quickly, particularly evident for software during the COVID-19 lockdown. The re-bounce has continued during Q3 2020 and we observe higher software multiples than any other quarter the last three years. Strong pricing, record low interest rates, and equity seeking investments shielded from negative COVID-19 impact has led to a sharp increase in IPOs in the sector that might have absorbed some of the deal activity from the Nordic M&A software space.
Our top-ranking Nordic software team is led by Anders Strand and Juha Raunio.
Read the report here: 2020 Q3 Nordic Software Report.