Analysis of the key themes driving private equity deal activity reveals that digitalization accounted for 37 technology deals announced in Q2 2023, worth a total value of $5bn. The $2.4bn acquisition of Software by Silver Lake Partners in a going private transaction 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, digitalization-related deal activity decreased by 65% in Q2 2023 compared with the previous quarter’s total of $14.3bn and rose by 170% as compared to Q2 2022. Related deal volume decreased by 31% in Q2 2023 versus the previous quarter and was 23% higher than in Q2 2022.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Goodwin Procter; Kirkland & Ellis; Willkie Farr & Gallagher with 7, 6, 4 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.