The private equity sector has been quite active in 2024, providing an alternative liquidity source for technology startups and scale-ups seeking an exit. Recently, TechCrunch reported that EQT acquired a majority stake in cybersecurity firm Acronis for around $4 billion, following another acquisition where EQT acquired enterprise middleware company WSO2 for $600 million.
Private equity firms have also been involved in public market deals to rejuvenate underperforming companies with strong growth potential. According to PitchBook, there were 136 take-private deals led by private equity firms in 2023, up 15% from the previous year. New data from PitchBook shows that in 2024, there have been 97 such deals, on track to match last year’s numbers.
Of the take-private deals in 2024, 46 are in the technology sector. TechCrunch has identified product-centric company acquisitions valued at $1 billion or more among these transactions. This list includes deals that have already closed or are set to close in 2024, including deals announced in the previous year.
Adevinta: $13 billion
Adevinta, a classifieds platform spun out by Norwegian media group Schibsted, acquired eBay’s classifieds business for $9.2 billion in 2020. The firm was listed on the Oslo Stoc…
