Analysis of the key themes driving private equity deal activity reveals that travel apps accounted for 3 technology deals announced in Q4 2023, worth a total value of $4m. The $4m investment by Cronus Equity Capital Group in Versus Systems 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.
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In value terms, travel apps-related deal activity decreased by 80% in Q4 2023 compared with the previous quarter’s total of $20m. Related deal volume increased by 200% in Q4 2023 versus the previous quarter.
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.
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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.
