Technology
Having outperformed other sectors during the pandemic, technology will remain at the forefront of growth.
Deal drivers include the blurring of boundaries with other industries and the embedding of digital technology into almost every aspect of life. Resulting deal targets include the technology that allows companies to move from one-off sale to recurring subscription income in areas such as health sensors and equipment maintenance. The move to the cloud is also enabling businesses in sectors like financial services to shift to software as a service and platform options and apply standardised solutions in areas such as customer relationship management.
The competition for targets and availability of capital, much of it from private equity, are enabling entrepreneurs to cash in their start-up stakes and move their businesses to the next stage of growth.