Deals
Private Equity’s Taste for Tech Spurs $80 Billion Deal Spree
- Buyout firms post record quarter of technology dealmaking
- Software companies among the most sought-after assets
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Private equity firms are barreling through the records as they place bets on technological revolutions in sectors ranging from finance to health care.
Firms have spent $80 billion acquiring companies in the global technology sector this year, according to data compiled by Bloomberg. That’s an all-time high for a quarter and already up 141% on this point in 2020, which went on to be a record year for such deals.