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Capital Compounders Show

Euro Small Cap Technology Stocks: A Conversation with Mansour Dia (Langdon Equity Partners)

Mar 2, 2025
Mansour Dia, an investor at Langdon Equity Partners and former M&A analyst at Constellation Software, discusses the intricacies of software acquisitions and the opportunities within European small-cap tech stocks. He emphasizes the importance of cash flow over earnings and the value of personal relationships in investments. Mansour shares insights on the growth potential of firms like Topicus and Hypoport, and highlights how extensive travel aids in understanding local markets, ultimately leading to informed investment decisions.
58:06

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Mansour Dia highlights the importance of cash flow over accounting earnings when evaluating software companies for investment.
  • He emphasizes the value of building relationships with software executives, which facilitates better acquisition opportunities and terms.

Deep dives

Mansour Dia's Experience at Constellation Software

Mansour Dia reflects on his time at Constellation Software, where he worked as an M&A and Corp Dev Analyst. He was initially drawn to the company due to its reputation as a leading investment firm in the software sector, which he had admired from a previous position at Blackreek Investment Management. During his tenure, he engaged with a comprehensive book of best practices, gaining insights into key ratios that define successful software companies. Mansour was particularly surprised by the high multiples Constellation was willing to pay for quality companies, highlighting a focus on practical business decision-making over just numbers.

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