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Private Equity Partners With Anthropic and OpenAI While Risking Cannibalization of Own SaaS Portfolios — PE Now 52% of Software Buyouts
Axios reports Anthropic is in talks with Blackstone, Hellman & Friedman, and Permira to create enterprise AI consulting joint ventures, while PE firms simultaneously accelerate SaaS control deals as AI-driven valuation compression creates a buyer's market. McKinsey data shows PE-led transactions now account for 52% of all buyout-backed software activity globally. The catch: CNBC's Bosa & Wu note PE firms like Thoma Bravo and Vista Equity Partners risk cannibalizing their own portfolio companies — the SaaS seat licenses being cut to pay for AI compute may belong to companies they own.
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