The second half of 2016 saw overall private equity and venture capital (PE/VC) investment as well as total PE/VC investment in the telecommunications, media and technology (TMT) sectors reach their highest levels since 2012, a report released by consulting firm PwC showed on Wednesday.
In the second half of 2016, there were 1,478 PE/VC deals garnering a total value of $25.02 billion in the TMT industry.
During the third quarter, investment in TMT deals declined but accounted for a record 84 percent of the combined value of all deals involving PE/VC, the report said.
Investment in TMT rose significantly from the prior quarter, with 33 deals and a single deal value exceeding $100 million, which was 1.4 times that of the second quarter, marking a record high, the report added.
In the fourth quarter of 2016, investment value and the number of deals in TMT dropped significantly, as had been expected. The investment value in TMT accounted for 29 percent of overall PE/VC deals.
