In the Asia-Pacific technology industry, there were 20 private equity deals announced in Q3 2023, worth a total value of $1.6bn, according to GlobalData’s Deals Database. The $806.2m acquisition of stake in Singapore Telecommunications by KKR was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity in Asia-Pacific decreased by 57% in Q3 2023 compared with the previous quarter’s total of $3.7bn and rose by 49% as compared to Q3 2022. Related deal volume decreased by 38% in Q3 2023 versus the previous quarter and was 29% lower than in Q3 2022.
The top-ranked financial advisors supporting these private equity deals in Asia-Pacific in Q3 2023 were JPMorgan Chase & Co; Deutsche Bank; Ernst & Young Global with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Asia-Pacific Q3 2023 were AZB & Partners; Simpson Thacher & Bartlett; Clifford Chance with 3, 3, 2 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.