Led by $1.95bn private equity deal with BAI Communications, Australia’s technology industry saw a rise of 22.81% in overall deal activity during Q2 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 105 deals worth $6.3bn were announced in Q2 2021, compared with the last four-quarter average of 85.50 deals.

M&A was the leading category in the quarter with 50 deals which accounted for 47.6% of all deals.

In second place was venture financing with 49 deals, followed by private equity with six transactions, respectively accounting for 46.7% and 5.7% of overall deal activity in the Australia’s technology industry during the quarter.

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By GlobalData

In terms of value of deals, private equity was the leading deal category in Australia’s technology industry with total deals worth $3.13bn, while M&A and venture financing deals totalled $2.76bn and $425.67m, respectively.

Australia technology industry deals in Q2 2021: Top deals

The top five technology industry deals accounted for 78.03% of the overall value during Q2 2021.

The combined value of the top five technology deals stood at $4.92bn, against the overall value of $6.3bn recorded for the quarter.

The top five technology industry deals of Q2 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 $1.3bn acquisition of Message4U by Sinch

3) BGH Capital’s $1.01bn private equity deal with Hansen Technologies

4) The $436.47m acquisition deal with Soprano Design by Link Mobility Group

5) Nomura Research Institute Australia’s acquisition of SQA Holdco for $231.65m.