Analysis of the key themes driving private equity deal activity reveals that cloud accounted for 72 technology deals announced in Q1 2023, worth a total value of $12bn. The $4.6bn acquisition of Cvent by Blackstone was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q2 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, cloud-related deal activity decreased by 13% in Q1 2023 compared with the previous quarter’s total of $13.8bn and fell by 47% as compared to Q1 2022. Related deal volume decreased by 23% in Q1 2023 versus the previous quarter and was 3% lower than in Q1 2022.
The top-ranked financial advisors supporting these private equity deals in Q1 2023 were Evercore; JPMorgan Chase & Co; Alantra Partners with 3, 3, 2 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q1 2023 were Kirkland & Ellis; Goodwin Procter; Paul Hastings with 6, 4, 4 deals respectively.
To further understand GlobalData's analysis on Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.