In the Indian technology industry, there were 7 private equity deals announced in Q4 2023, worth a total value of $602.3m, according to GlobalData’s Deals Database. The $200m institutional buy-out (ibo) Servion Global Solutions by EMK Capital 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 India increased by 408% in Q4 2023 compared with the previous quarter’s total of $118.6m and fell by 21% as compared to Q4 2022. Related deal volume increased by 17% in Q4 2023 versus the previous quarter and was 13% lower than in Q4 2022.

The top-ranked financial advisors supporting these private equity deals in India in Q4 2023 were Avendus Capital; BDA Partners; Deloitte Touche Tohmatsu with 2, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these private equity deals in India Q4 2023 were AZB & Partners; TriLegal; Khaitan & Co with 3, 2, 1 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.