Analysis & insights
Independent commentary on M&A, asset management, and IT consulting from the Intecracy Ventures team.
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The rise of AI-driven earn-outs in European SaaS M&A
AI's integration into SaaS M&A is increasingly manifesting through earn-out structures, particularly in Europe, where buyers leverage future AI-driven performance to mitigate valuation risk. This trend impacts deal structuring, valuation…
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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.…
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Navigating the valuation arbitrage between ARR and EBITDA multiples in mid-market SaaS
The divergence in how Annual Recurring Revenue (ARR) and EBITDA multiples are applied to mid-market SaaS valuations presents a critical arbitrage opportunity and risk for shareholders and investors. Understanding this…
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Corporate governance in IT companies: when it becomes a barrier
Poorly structured corporate governance in IT companies often directly impacts valuation multiples and deal terms, with 40% of M&A transactions seeing adjustments due to governance-related risks.
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Navigating the rise of AI-driven M&A: new valuation metrics for 2026
The surge in AI-driven M&A necessitates a re-evaluation of traditional valuation metrics. Shareholders must adapt to new frameworks that account for proprietary data, explainable AI, and ethical compliance to maximize…
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