What’s The Forecast for Tech M&A?

2023 Tech M&A Survey

Morrison Foerster is pleased to share with our clients and friends the results of our 2023 Tech M&A Survey, published in conjunction with Mergermarket. Mergermarket surveyed 300 dealmakers from around the world in order to gain valuable insights into the future of technology-related M&A.

According to the findings:

• 58% of private equity (PE) firms and 38% of corporates expect aggregate tech M&A deal volumes to increase over the next 12 months.
• 48% of PE firms and 53% of corporates expect the value of the average tech deal to rise over the coming year.
• 25% of respondents point to cybersecurity and 18% point to AI/machine learning as the tech sectors that offer the best M&A opportunities over the next 12 months.
• 91% of PE firms and 61% of corporate respondents expect to make use of minority investments in their tech M&A plans over the next 12 months.
• 81% expect antitrust scrutiny of tech M&A to become either somewhat or significantly stricter over the next three years.

Read the report to learn more about these and other deal trends.

“This year’s Tech M&A survey reflects views influenced by a choppy global technology M&A market that has been impacted by the realities of challenging financial trends. But as we look to 2024, despite macroeconomic uncertainties, there is much to be encouraged about, especially with the rise of generative AI and the renewed focus on cybersecurity innovation. We expect these and other technology areas to have a massive impact on global deal activity in the years to come.”

- Brandon Parris, co-chair of Morrison Foerster’s Global M&A Practice