February, 2021

Bloomberg features Chris Sahota, Ciesco CEO

Private equity firms are barreling through the records as they place bets on technological revolutions in sectors ranging from finance to health care.

Firms have spent $80 billion acquiring companies in the global technology sector this year, according to data compiled by Bloomberg. That’s an all-time high for a quarter and already up 141% on this point in 2020, which went on to be a record year for such deals.

Buyout firms are flush with investor cash and are being drawn to startups helping companies to reinforce their businesses following the impact of the Covid-19 pandemic, according to Chris Sahota, chief executive officer at tech-focused advisory boutique Ciesco.