2021 was a record-breaking year for private equity deal value, according to research from Bain & Company. In 2021, global buyout deal value ended the year at $1.1 trillion, double 2020’s total of $577bn and shattering the old record of $804bn set back in 2006 during the exuberant run-up to the global financial crisis.

Counting the growing number of tech-driven sectors, like fintech and healthech, where outperformance is increasingly a function of technology expertise, the share of technology could represent around half of all deal value.

The number of mega deals ($1 billion-plus) roughly doubled, helping increase average deal size by 57%, pushing it past the $1 billion threshold for the first time since Bain & Company has been tracking the data in 2000.

Read more: Consultancy UK