THE LATEST IN TMT M&A

Selective, not slower: where global TMT buyers are placing their capital

Global TMT M&A became more selective in Q3 2026. Deal volumes eased across North America, Europe and Latin America while Asia Pacific strengthened, and strategic acquirors and cross-border buyers stayed active. AI now shapes what buyers pursue and how they value it, with proprietary data and technology embedded in customer workflows drawing the most interest.

The latest Oaklins TMT Spot On report brings together regional and sector specialists on the quarter’s headline transactions, valuation trends and the outlook for the year ahead. It also covers healthcare tech, agritech, IT services, sportstech and cybersecurity.

The report features perspectives from three Oaklins DeSilva+Phillips leaders:

• Joanna Stone on North America, where deal count has normalized after two unusually active years and buyers are paying premiums for defensible data, clear AI positioning and clean financials.
• Richard Glosser on sportstech, where buyouts have more than doubled and recurring revenue, exclusive data and embedded AI workflows command the premium.
• John Matthews on AI and cybersecurity, where record deal volume is being driven by AI agent identity, governance and third-party risk.

TMT M&A in North America remains strong with no shortage of buyers or capital. It is focused on assets that meet a new, higher bar. Carveouts and sponsor exits are expanding supply, and the companies with defensible data, clear AI positioning and clean financials are getting premium outcomes. Quality is setting the price. JOANNA STONE CO-HEAD, GLOBAL TMT TEAM, OAKLINS DESILVA+PHILLIPS

Read our Spot On

Oaklins TMT Spot On Q3 2026 Download PDF

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Joanna Stone New York, United States
Partner
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Jan P. Hatje Hamburg, Germany
Managing Partner
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Bart Delusinne Brussels, Belgium
Managing Director
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Frederik van der Schoot Amsterdam, Netherlands
Managing Partner
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John Farrugia London, United Kingdom
Principal
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John Matthews New York, United States
Senior Advisor
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Richard Glosser New York, United States
Managing Director
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Scott McInnes Melbourne, Australia
Managing Director
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Tarcisio Borges São Paulo, Brazil
Partner
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A selection of closed TMT transactions

Discover the 1200+ TMT transactions Oaklins has advised on.

Oaklins hosts an ongoing series of webinars focused on different TMT-related themes — stay tuned for details of our upcoming sessions, and watch the full recordings of past events in our library here.