#Serhiy Balashuk
A focused collection of Intecracy Ventures materials connected with this topic: analysis, expert comments and practical context for shareholders and technology executives.
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Navigating Post-Acquisition Integration Risk in European SaaS M&A
Post-acquisition integration failures in European SaaS M&A frequently erode enterprise value, often stemming from misaligned technical roadmaps or overlooked cultural differences. Shareholders must proactively assess these …
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Sovereign wealth fund mandates for European IT asset acquisition: a 2026 outlook
Sovereign wealth funds are increasingly targeting European IT assets, driven by diversification mandates and the search for long-term value. This shift is reshaping valuation dynamics and M&A strategies for technology …
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Management analysis before ERP implementation: how to save 40% of budget
ERP implementations frequently exceed budget and timelines due to inadequate pre-implementation analysis. A thorough management analysis phase can mitigate these risks, directly impacting capital efficiency and long-term …
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The rise of earn-outs in European SaaS M&A: a shareholder's guide
Earn-out provisions have become markedly more common in European tech and SaaS M&A, driven by the need to bridge valuation gaps between buyers and sellers. This guide examines the implications for shareholders, focusing on …
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The growing influence of ESG metrics on IT asset valuation in 2026
ESG metrics are rapidly becoming a material factor in IT asset valuation, moving beyond compliance to directly impact enterprise value and deal structuring. Shareholders must now integrate these considerations into their capital …
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Defense Tech in Europe: From Grants to Private Capital
European defense tech is undergoing a significant funding shift, moving beyond traditional government grants towards attracting private capital. This transition presents both opportunities and challenges for shareholders …
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IT strategy for mid-market: when to commission consulting
Mid-market technology companies often face a critical juncture where their organic IT evolution no longer aligns with strategic capital objectives. Understanding when external IT consulting becomes essential can significantly …
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Beyond ARR: how to value SaaS companies with diversified revenue streams in 2026
Valuing SaaS companies with diversified revenue streams in 2026 demands a shift beyond traditional ARR multiples. This article examines the critical factors and methodologies for accurate enterprise value assessment.
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Earn-out structures in European SaaS M&A: navigating increased buyer caution
Private SaaS multiples have compressed materially from their late-2021 peak, reshaping how earn-outs are structured in European M&A. This shift reflects heightened buyer caution and a greater reliance on future performance to …
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Working capital adjustments at closing: a hidden lever in IT deals
Working capital adjustments are often overlooked in IT M&A, yet they can materially impact the final transaction value and cash proceeds for shareholders. Understanding and proactively managing these adjustments is critical …
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The Evolving Role of ARR Predictability in Enterprise SaaS M&A Valuation
Private SaaS EV/ARR multiples have compressed materially from their late-2021 peak, intensifying the focus on predictable recurring revenue streams as a core driver of enterprise value in M&A transactions. This shift mandates …
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The Evolving Role of Supervisory Boards in Safeguarding Tech Asset Value Post-M&A
Supervisory boards face increasing pressure to actively preserve and enhance tech asset value after M&A. This requires a shift from traditional oversight to proactive engagement with post-acquisition integration and strategic …
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Where capital flows in European B2B SaaS in 2026
European B2B SaaS is experiencing a recalibration, with capital increasingly favoring profitability and sustainable growth over hyper-growth at any cost. This shift impacts valuations, deal structures, and the strategic …
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Navigating the shifting landscape of SaaS valuation multiples in a post-AI boom market
SaaS valuation multiples have seen significant recalibration post-AI boom, with average public SaaS enterprise value to NTM revenue multiples declining from 10.6x in late 2021 to 5.7x by early 2024. This shift demands a nuanced …
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Why IT companies are worth less than their founders expect
Founders frequently overestimate the market value of their IT companies, often due to a disconnect between perceived innovation and objective valuation methodologies. This discrepancy impacts deal outcomes, risk assessment, and …
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How shareholders measure whether their IT asset is gaining value
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