Analysis of the key themes driving private equity deal activity reveals that artificial intelligence accounted for 27 technology deals announced in Q3 2023, worth a total value of $2bn. The $1.4bn institutional buy-out (ibo) Avid Technology by STG Partners 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, artificial intelligence-related deal activity increased by 289% in Q3 2023 compared with the previous quarter’s total of $513.6m and rose by 8% as compared to Q3 2022. Related deal volume decreased by 10% in Q3 2023 versus the previous quarter and was 23% lower than in Q3 2022.
The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Alantra Partners; Houlihan Lokey; Rothschild & Co with 3, 3, 3 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Kirkland & Ellis; Latham & Watkins; Pinsent Masons International with 6, 2, 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.