Analysis of the key themes driving private equity deal activity reveals that ecommerce accounted for 8 technology deals announced in Q1 2024, worth a total value of $231.6m. The $130m investment by Investcorp Holdings, Sanabil Investments and Saudi Technology Ventures in Salla 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, ecommerce-related deal activity decreased by 58% in Q1 2024 compared with the previous quarter’s total of $555m and rose by 80% as compared to Q1 2023. Related deal volume decreased by 27% in Q1 2024 versus the previous quarter and was 27% lower than in Q1 2023.

The top-ranked financial advisors supporting these private equity deals in Q1 2024 were Oderis Consulting; Ommax; Rocket Equities 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 Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 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.