Deals were worth £16 billion, up 10% on 2007 levels but activity fell over the last 12 months by 13% with the audit firm clocking 162 deals with a UK company as either a buyer or seller.
PricewaterhouseCooper’s Andy Morgan said that the technology sector had held up better than others, and that the impact of the credit crunch has, to date, been less pronounced.
In parallel with the economic slowdown, the market did start to flag towards the tail end of last year, and the lock down in the debt markets made for a very quiet second-half for the private equity segment.
As in 2007, global technology deal volumes last year continued to be underpinned by a large number of domestic Asian transactions, which accounted for 36% of deals.
