Analysis of the key themes driving private equity deal activity reveals that social media accounted for 3 technology deals announced in Q4 2023, worth a total value of $100m. The $65m investment by Verdane Capital in Meltwater 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, social media-related deal activity decreased by 69% in Q4 2023 compared with the previous quarter’s total of $326.3m and rose by 153% as compared to Q4 2022. Related deal volume decreased by 25% in Q4 2023 versus the previous quarter and was 50% lower than in Q4 2022.

The top-ranked financial advisors supporting these private equity deals in Q4 2023 were Ernst & Young Global; DNB Bank; Houlihan Lokey with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q4 2023 were Advokatfirmaet Thommessen; AKD Benelux lawyers; Baker Botts 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 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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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.