1. Deals Analysis
July 21, 2021

Asia-Pacific’s technology industry saw a rise of 7.22% in deal activity during June 2021

By Carmen

Asia-Pacific’s technology industry saw a rise of 7.22% in deal activity during June 2021, when compared with the last 12-month average, led by Alberta Investment Management and Canada Pension Plan Investment Board’s $1.95bn private equity deal with BAI Communications, according to GlobalData’s deals database.

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A total of 520 technology industry deals worth $13.5bn were announced for the region in June 2021, against the 12-month average of 485 deals.

Of all the deal types, venture financing saw most activity in June 2021 with 403 transactions, representing a 77.5% share for the region.

In second place was M&A with 104 deals, followed by private equity deals with 13 transactions, respectively capturing a 20% and 2.5% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s technology industry with $6.13bn, while M&A and private equity deals totalled $3.91bn and $3.42bn, respectively.

Asia-Pacific technology industry deals in June 2021: Top deals

The top five technology deals accounted for 54.8% of the overall value during June 2021.

The combined value of the top five technology deals stood at $7.38bn, against the overall value of $13.5bn recorded for the month.

The top five technology industry deals of June 2021 tracked by GlobalData were:

1) Alberta Investment Management and Canada Pension Plan Investment Board’s $1.95bn private equity deal with BAI Communications

2) The $1.62bn acquisition deal with Magnachip Semiconductor by Cornucopia Investment Partners, Lombarda China Fund Management, Sino-Rock Investment ManagementLimited, Tim Crown and Yango Financial Holding Investment Group

3) JD.com.Fang and Shanghai Weihao Chuangxin Investment Management’s $1.5bn venture financing of Horizon Robotics

4) The $1.3bn acquisition of Message4U by Sinch

5) BGH Capital’s private equity deal with Hansen Technologies for $1.01bn.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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