1. Deals Analysis
April 6, 2021updated 15 Apr 2021 10:54am

Australia’s technology industry sees a rise of 3.13% in deal activity in February 2021

By Carmen

Australia’s technology industry saw a rise of 3.13% in overall deal activity during February 2021, when compared with the last 12-month average, led by Macquarie Infrastructure and Real Assets (MIRA)’s $3.35bn acquisition of Vocus Group, according to GlobalData’s deals database.

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A total of 33 deals worth $3.49bn were announced in February 2021, compared with the 12-month average of 32 deals.

M&A was the leading category in the month in terms of volume with 20 deals, which accounted for 60.6% of all deals.

In second place was venture financing with 13 deals accounting for 39.4% of overall deal activity in the Australia’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in Australia’s technology industry with total deals worth $3.41bn, followed by venture financing deals totalled $81.88m.

Australia technology industry deals in February 2021: Top deals

The top five technology industry deals accounted for 98.1% of the overall value during February 2021.

The combined value of the top five technology deals stood at $3.42bn, against the overall value of $3.49bn recorded for the month.

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

1) Macquarie Infrastructure and Real Assets (MIRA)’s $3.35bn acquisition of Vocus Group

2) The $26.56m venture financing of Lexer by Blackbird Ventures, January Capital and King River Capital

3) Dixa’s $15m venture financing of Elevio

4) The $12.48m acquisition deal with CI6 by Credentials Management Information Systems

5) Coinbase Ventures, IOSG Ventures and Paradigm (US)’s acquisition of Synthetix for $12m.

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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