Analysis of the key themes driving private equity deal activity reveals that cryptocurrencies accounted for 3 technology deals announced in Q2 2023, worth a total value of $4.4m. The $2.2m investment by LDA capital in Sphere 3D 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, cryptocurrencies-related deal activity decreased by 96% in Q2 2023 compared with the previous quarter’s total of $111m and fell by 91% as compared to Q2 2022. Related deal volume decreased by 25% in Q2 2023 versus the previous quarter.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Fasken Martineau DuMoulin; Goodwin Procter; Kirkland & Ellis with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.