Tech guy who advises PE here(overseen 400+ PE deals, half of which are software companies). The "financial engineering" trope with PE is largely in the large c

Tech guy who advises PE here(overseen 400+ PE deals, half of which are software companies). The "financial engineering" trope with PE is largely in the large cap space ($1B+ EV). Most middle market PE is all about value creation. Note - there are some notorious "death sentence" firms in the middle market...I won't name names but if you dig deep enough you'll see some PE shops (there's only 2 I can actually name off hand) that buy small tech cos and send all of the dev overseas.