In the first three months of 2024, only 5% of transactions announced their deal value as buyers continued to keep their M&A strategies private.

With 240 deals seen in the first quarter of 2024, transaction activity was broadly in-line with the same period last year. Through the first quarter, private equity firms were the buyers in 30% of transactions as demand for IT Services remained strong from both financial and strategic buyers.

Funding from Venture Capital firms continued to dry up, with these investments totaling just $5.7B during the first quarter of this year. Many business owners are considering M&A strategies to accelerate growth and secure liquidity.

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