Analysis of the key themes driving M&A activity reveals that edtech accounted for 20 technology deals announced in Q3 2023, worth a total value of $23.7m. The $8m minority acquisition of Mathpresso by KT was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
In value terms, edtech-related deal activity decreased by 22% in Q3 2023 compared with the previous quarter’s total of $30.3m and fell by 99% as compared to Q3 2022. Related deal volume increased by 25% in Q3 2023 versus the previous quarter and was 36% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were DELOITTE ADVOKATFIRMA DA; Kroll; Kroll Securities with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Kirkland & Ellis; Jones Day; Davis Polk & Wardwell 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 Q3 2023 – Thematic Intelligence, buy the report here.