In the North American technology industry, there were 80 private equity deals announced in Q1 2024, worth a total value of $21.4bn, according to GlobalData’s Deals Database. The $11bn Institutional Buy-out (IBO) Cotiviti by KKR Financial Holdings 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 North America increased by 81% in Q1 2024 compared with the previous quarter’s total of $11.8bn and fell by 23% as compared to Q1 2023. Related deal volume remained flat in Q1 2024 versus the previous quarter and was 26% lower than in Q1 2023.
The top-ranked financial advisors supporting these private equity deals in North America in Q1 2024 were WBC Holdings; Raymond James Financial; Guggenheim Partners with 6, 4, 3 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America in Q1 2024 were Kirkland & Ellis; Weil, Gotshal & Manges; McCarthy Tetrault with 14, 5, 4 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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