In the British technology industry, there were 18 private equity deals announced in Q3 2023, worth a total value of $2.3bn, according to GlobalData’s Deals Database. The $1.6bn acquisition of stake in Vantage Data Centers by AustralianSuper 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, private equity deal activity in the UK increased by 4455% in Q3 2023 compared with the previous quarter’s total of $50.5m and rose by 183% as compared to Q3 2022. Related deal volume decreased by 14% in Q3 2023 versus the previous quarter and was 53% lower than in Q3 2022.

The top-ranked financial advisors supporting these private equity deals in the UK in Q3 2023 were PricewaterhouseCoopers International; Alantra Partners; KPMG International Coop with 7, 6, 4 deals respectively.

The top-ranked legal advisorss supporting these private equity deals in the UK Q3 2023 were Addleshaw Goddard; Hill Dickinson; Squire Patton Boggs (US) with 6, 6, 4 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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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.