Private equity ready to pounce on battered ASX tech stocks
The ASX faces a challenge in its positioning as a home for growing tech companies, as private equity lines up to pick off companies smashed down by local investors.
The ASX is becoming a lush hunting ground for private equity buyouts, with some of the world’s largest deal makers attracted by a pricing anomaly in local technology stocks.
Australian investors responded more brutally than global peers to the inflation-led sell-down, leaving software businesses especially vulnerable – including some with significant revenues and strong growth.
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Adir Shiffman is executive chairman of Catapult Sports and a serial investor and entrepreneur. Connect with Adir on Twitter.
