1. Deals Analysis
November 2, 2020

Australia’s technology industry sees a rise of 16.3% in deal activity in Q3 2020

By Carmen

Australia’s technology industry saw a rise of 16.3% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 100 deals worth $1.87bn were announced in Q3 2020, compared to the last four-quarter average of 86 deals.

M&A was the leading category in the quarter with 58 deals which accounted for 58% of all deals.

In second place was venture financing with 35 deals, followed by private equity with seven transactions, respectively accounting for 35% and 7% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Australia’s technology industry with total deals worth $1.14bn, while private equity and venture financing deals totalled $588.93m and $136.54m, respectively.

Australia technology industry deals in Q3 2020: Top deals

The top five technology deals accounted for 77.3% of the overall value during Q3 2020.

The combined value of the top five technology deals stood at $1.44bn, against the overall value of $1.87bn recorded for the month.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Centerbridge Partners’ $395m private equity deal with SpeedCast International

2) The $376.13m private equity deal with OptiComm by FSS Trustee

3) Pacific Group Bidco’s $366.38m private equity deal with Citadel Group

4) The $163.76m acquisition of DWS by HCL Australia ServicesLtd

5) IXL Learning’s acquisition of 3P Learning for $143.51m.

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.

 

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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