This article was originally published in Business Post on 21 March 2023
Last week saw Silver Lake, the US private equity group, acquire the Utah-based software company Qualtrics for $12.5 billion in what is the biggest private equity buyout of the year to date. Qualtrics has a prominent presence in the Irish tech ecosystem, and employs hundreds of people in its EMEA HQ in Dublin.
Economic indicators remain difficult to read, and developments at Credit Suisse have sent further jitters through the market, but the deal signifies the growing confidence on the part of private equity investors in "pricing in" the negative macroeconomic factors that have characterised the last twelve to eighteen months.
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