For B2B SaaS and dev tools/infrastructure there is https://xenon.io/ which operates with similar principals it seems.
I guess that is exactly the kind of stuff you'd expect a SaaS PE firm to do, but it still feels a bit sleazy to me. IIRC the founder reported that from his perspective, they handled the purchase well though.
Principles are ideals you adhere to or uphold. They are also concepts used to implement a design. Principal and principle are homophones, and they are commonly mixed up.
https://www.law.cornell.edu/definitions/uscode.php?def_id=12...
https://www.investopedia.com/terms/p/principal.asp#understan...