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PE makeover! Elmo Software owner parades 10x EBITDA at sale kick-off

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What can two years of private equity ownership do for a beaten-down ASX-listed technology stock? Just ask Elmo Software’s owner K1 Investment Management, whose dealmakers are in front of potential buyers and selling an aggressive turnaround story.

ELMO’s co-founder Danny Lessem. Louie Douvis

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/pe-makeover-elmo-software-owner-parades-10x-ebitda-at-sale-kick-off-20240827-p5k5t4