In the North American technology industry, there were 101 private equity deals announced in Q3 2023, worth a total value of $23.8bn, according to GlobalData’s Deals Database. The $10.2bn Institutional Buy-out (IBO) Worldpay by GTCR 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 North America increased by 209% in Q3 2023 compared with the previous quarter’s total of $7.7bn and fell by 8% as compared to Q3 2022. Related deal volume increased by 9% in Q3 2023 versus the previous quarter and was 22% lower than in Q3 2022.
The top-ranked financial advisors supporting these private equity deals in North America in Q3 2023 were WBC Holdings; Raymond James Financial; Goldman Sachs Group with 13, 12, 8 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America Q3 2023 were Kirkland & Ellis; Goodwin Procter; Latham & Watkins with 44, 13, 13 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.