Analysis of the key themes driving private equity deal activity reveals that internet of things accounted for 11 technology deals announced in Q1 2023, worth a total value of $522m. The $211.5m acquisition of Taoglas by Graham Partners was the industry’s largest disclosed deal. GlobalData’s report on 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, internet of things-related deal activity decreased by 86% in Q1 2023 compared with the previous quarter’s total of $3.8bn and fell by 97% as compared to Q1 2022. Related deal volume decreased by 54% in Q1 2023 versus the previous quarter and was 22% higher than in Q1 2022.

The top-ranked financial advisors supporting these private equity deals in Q1 2023 were Ernst & Young Global; Avendus Capital; Houlihan Lokey with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q1 2023 were B2RLaw Jankowski Stroinski Zieba & Partners; Dechert; DLA Piper with 1, 1, 1 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.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.