Disclosed M&A deal value for the first half of 2024 reached $5.8B, with only 8% of deals being disclosed as buyers preferred to keep their M&A strategies private. The median disclosed M&A deal size was $83M.

RegTech continues to be a popular segment for Private Equity buyers with Inflexion Private Equity Partners leading with 3 deals in the first half of 2024. Strategic acquirers Delinea and iCoreConnect bought 2 RegTech companies each during this period.

Dealmaking activity was robust with 189 transactions with strong demand from both strategic and financial acquirers, with Private Equity representing the buyer in 40% of total deals.

Venture capital funding for RegTech firms continued to dry up through the first half of 2024 after posting an annual decline in 2023. The median venture capital deal was $3.7M, a fraction of the median disclosed M&A transaction value. CEOs and founders are instead encouraged to pursue M&A strategies for growth and liquidity.