Private Equity's Odd Tech Romance
Firms switch their type and take over relatively healthy companies.
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The buyout Masters of the Universe are getting creative in Silicon Valley.
This year, technology companies have made up about 19 percent of all U.S. private equity buyouts, the industry's largest share of PE deals since at least 2004, according to Bloomberg data.1470929475689 Some of the eye-catching private equity tech takeovers in 2016 were Thoma Bravo's $3 billion buyout of Qlik Technologies, reached in June; Vista Equity Partners' $1.8 billion purchase of Marketo; and Vista's $1.65 billion takeover of Cvent.