Buyers are wary of disclosing the financial terms of their transactions as only 7% of transactions had disclosed deal values during the first six months of 2024. 

The total disclosed IT Services deal value reached $8.8B primarily due to the 4 announced megadeals. 

The IT Services sector saw robust M&A activity, with a total of 536 deals recorded in the first half of 2024. Demand for IT Services companies remained strong, attracting considerable interest from both financial and strategic buyers. Private equity firms played a prominent role as buyers, representing 30% of all transactions. This percentage closely aligns with historical levels, further highlighting the dynamic nature of this market. The active involvement of private equity underscores the sector's attractiveness and the diverse opportunities it presents for investors. 

Concurrently, funding from Venture Capital firms reached $12.5B in the first half of the year, marking a moderate increase from levels seen in 2021 and 2022. As Venture Capital funding returned to normalized growth levels in 2023, many business owners are now considering M&A strategies as proactive approaches to accelerate growth and secure liquidity. This trend underscores the growing significance of mergers and acquisitions in navigating the dynamic business landscape.