Despite economic and geopolitical challenges, Q1-24 brought optimism to TMT M&A, with data showing broad increases in both volume and value.
The resurgence of some mega deals in Q1-24 reflects a strong recovery trend, buoyed by increasing confidence among dealmakers amidst financial market recovery and more stability. Major tailwinds also offer opportunities in growth sectors such as datacentres, AI and software.
A noticeable build-up in assets for sale and growing buyer demand suggests a promising outlook for increased activity in 2024, while strategic M&A continues to drive values globally.
Key insights include:
- Europe TMT records strongest Q1 for M&A Volumes since 2018, both Volumes and Values up YoY
- Asia TMT records strongest Q1 by Volume since 2018
- Americas Tech: Volumes up by +22%, Values up 2.9 times in Q1-24
- Both US and UK decrease the share of buy side activity in Europe TMT; Spain, Switzerland and Canada are significantly more active as buyers
- Software, AI and datacentres all register deal activity growth
- 1,300 TMT M&A Deals in pipeline
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