Let’s start by looking at M&A volume in the Communications Technology sector. We tracked 208 deals during the first nine months of 2024, up 50% year-over-year, with financial buyers making up 43% of these transactions. PE firms acquired 89 companies in this sector. During this period, deal volumes were on par to exceed the total number of transactions seen in 2023. 

Looking at the most prolific buyers, strategic acquirers Cinven and Bumble and financial buyers Focus Group, Nautic Partners, Main Capital Partners, Alpha Leonis Partners, Davenforth and American Securities all made two acquisitions through September 2024.

Disclosed M&A deal value reached $5.3B through September 2024, exceeding last year’s total. Only 13% of transactions disclosing their valuations as buyers continued to closely guard the details around their M&A strategies.