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  "documentTitle": "ey connecting the dots m a deals in technology services in 2024",
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      "text": "Steep public markets correction created attractive entry points for large PEs into scaled digital assets across US, UK and Europe.",
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      "text": "Source: MergerMarket, Cap IQ, PitchBook, EY research and analysis. Note: 1. PE Direct implies direct Investment by a PE into the company; Note: 2. Refers to platform creation in 2021-2023",
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      "text": "Large PEs placed bets on players with either 1) deep domain expertise (healthcare, federal, etc.), 2) consulting-led capabilities, or 3) strong IP play across majority and minority strategies.",
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      "text": "Market maturity and platform creation moderated cloud engineering interest; focus shifted to growth deals. MSP/MSSP deals dominated middle market activity.",
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      "text": "PE exits continue to slow - 25+ in 2024 compared with 35+ in 2023 and 55+ in 2022.",
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      "text": "Large deals comeback with notable take-privates across US and Europe",
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