LBO Focus: Tech Boom Helps Sponsors Recover M&A Ground in Third Quarter

A recent cluster of large deals made it an unusually good quarter for private equity-backed tech deals—there were 40 deals announced, worth a combined $21.17 billion—and is a reflection of private-equity firms’ growing comfort in committing large sums to the sector, said Hugh MacArthur, a partner and the head of the global private-equity practice with Bain & Company.

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