Analysis of the key themes driving private equity deal activity reveals that big data accounted for 28 technology deals announced in Q1 2024, worth a total value of $19.8bn. 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, big data-related deal activity increased by 247% in Q1 2024 compared with the previous quarter’s total of $5.7bn and rose by 2% as compared to Q1 2023. Related deal volume decreased by 15% 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 Q1 2024 were Broadhaven Capital Partners; Citizens M&A Advisory; Evercore with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q1 2024 were Kirkland & Ellis; Stikeman Elliott; Weil, Gotshal & Manges with 8, 2, 2 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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