Analysis of the key themes driving private equity deal activity reveals that blockchain accounted for 8 technology deals announced in Q3 2023, worth a total value of $639.2m. The $574.2m institutional buy-out (ibo) nChain by Ayre Group Ventures 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, blockchain-related deal activity decreased by 73% in Q3 2023 compared with the previous quarter’s total of $2.4bn and fell by 8% as compared to Q3 2022. Related deal volume increased by 100% in Q3 2023 versus the previous quarter and was 39% lower than in Q3 2022.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Goodwin Procter; Clifford Chance; Fasken Martineau DuMoulin with 2, 1, 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.