Asia-Pacific’s technology industry saw a rise of 43.88% in cross border deal activity during March 2021, when compared with the last 12-month average, led by Michigan Merger Sub and South Dearborn’s $1.4bn acquisition of Magnachip Semiconductor, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 141 technology industry cross border deals worth $6.54bn were announced for the region in March 2021, against the 12-month average of 98 deals.

Of all the deal types, venture financing saw most activity in March 2021 with 91 transactions, representing a 64.5% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was M&A with 48 deals, followed by private equity deals with two transactions, respectively capturing a 34.04% and 1.4% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s technology industry with $3.16bn, while venture financing and private equity deals totalled $2.82bn and $556m, respectively.

Asia-Pacific technology industry cross border deals in March 2021: Top deals

The top five technology cross border deals accounted for 57.4% of the overall value during March 2021.

The combined value of the top five technology cross border deals stood at $3.75bn, against the overall value of $6.54bn recorded for the month.

The top five technology industry cross border deals of March 2021 tracked by GlobalData were:

1) Michigan Merger Sub and South Dearborn’s $1.4bn acquisition of Magnachip Semiconductor

2) The $1.05bn acquisition deal with Seequent by Bentley Systems

3) Daimler, Robert Bosch, SAIC Motor, Temasek Holdings (Private), Tencent Holdings, Toyota Motor and Yunfeng Capital’s $500m venture financing of Momenta.ai

4) The $400m venture financing of Dream11 Fantasy by ChrysCapital Management, D1 Capital, Falcon Edge Capital, Footpath Ventures, Steadview Capital Management, TCMI, Tiger Global Management and TPG Capital

5) ChrysCapital Management, D1 Capital, Falcon Edge Capital, Footpath Ventures, Steadview Capital Management, Tiger Global Management, TPG Growth Capital (Asia) and TVC Capital’s venture financing of Dream Sports for $400m.