17 Finance Monthly. Bus i ne s s & Economy 2021 was an incredibly active year for technology deals. The widespread adoption of remote working and the impact of lockdowns speeding up the process of digital transformation across many sectors led to a sustained investment in businesses in the technology, media and telecommunications (TMT) sector, with these industries seeing around 65% uplift on deal activity versus the prior year. Admittedly, 2020 was the year when the early pandemic lockdowns prevented a lot of deal activity, but it is certainly true that deals in the TMT sector have rebounded to beyond the levels they were even before the very first lockdown. In terms of mergers and acquisitions (trade, PE, IPO, and earlystage investment), the TMT sector represented roughly a quarter of all 2021 deals in the UK, the biggest single sector. KPMG’s TMT Corporate Finance team advised on a record number of transactions throughout the year – 21 in total. We hear more about them from Graham Pearce – Partner and Head of TMT, Corporate Finance at KPMG UK. Deal Volumes What Have “The launch of SuiteBanking marks the first unified suite to embed FinTech into cloud ERP, giving our customers full visibility over their cash flow and bringing intuitive automation.” Been Like in the Tech Sector Over the Last Year?
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