Source: LiveMint.com, Nov 16, 2018
Mumbai: Private equity (PE) funds are set to make more buyout investments in the technology sector in 2018 than any other previous year, according to a report from global alternative assets data tracker Preqin. As of November, there have been 1,079 buyout-backed technology deals announced globally, worth $71 billion, approaching the record of 1,096 set in 2017.
The number of deals has steadily risen each year since 2009, although the value of these deals peaked at $177 billion in 2015, driven by the $67 billion merger of computing and storage firm Dell with EMC.
Technology-focused private equity is a major industry, with funds holding more than half a trillion dollars in assets under management at the end of March 2018, the report said, adding that the sector has almost doubled in size in the last five years. Read the rest of this entry »