Over the past several years, M&A activity in the region has been steadily increasing. During the first three months of 2024 we’ve seen 88 deals, more than double the number in the first quarter of last year. Private equity represented the buyer in 47% of these deals. 

Total disclosed deal values in the first quarter of this year reached $3.6 billion. Only 13% of deals disclosed their financial terms as buyers preferred to keep their M&A strategies private. 

Looking at the top buyers’ chart, we see that Main Capital Partners leads the list with 3 transactions during the first quarter of this year. The other four buyers on this chart followed with 2 acquisitions each. 

After peaking in 2021, VC funding has dried up in recent years and that continued into the first quarter of 2024. This dynamic is encouraging tech business owners to instead consider M&A strategies for growth and liquidity.