Global private equity trading volumes for artificial intelligence and machine learning companies plunged to their lowest level since at least 2020 in the fourth quarter of 2022, but are showing signs of recovery in 2023.
From 1 January to 14 May, pPrivate Equity and Venture Capital Firms Announce $10.34 Billion Investments in 342 Deals in AI and Machine Learning Sectors Worldwideaccording to data from S&P Global Market Intelligence.
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In the first quarter, AI and machine learning companies generated $5.81 billion in revenue from 247 deals. Total deal value in the first quarter improved significantly from the previous quarter, increasing 49.7%.
The total value for the first quarter was down 60.6% from $14.74 billion across 485 deals in the same period in 2022. Only one deal crossed the $1 billion threshold in the first quarter.
In the year ending May 14, the United States and Canada had the most deals with 147 deals worth $5.05 billion, followed by Europe with 94 deals worth $4.54 billion.
largest transaction
Silver Lake Technology Management LLC’s $2.7 billion offer to acquire Germany’s Software AG, a provider of predictive analytics, artificial intelligence and machine learning solutions, is the largest private equity investment in the space sector to date. The offer is €30 per share and is subject to acceptance criteria of 50% plus one of his shares.
Francisco Partners Management LP’s acquisition of continuous intelligence platform Sumo Logic Inc. for $1.42 billion will be its second largest deal to date in 2023.
