Canada’s technology industry saw a rise of 18.8% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 57 deals worth $1.42bn were announced in June 2019, compared to the 12-month average of 48 deals.
Venture financing was the leading category in the month in terms of volume with 32 deals which accounted for 56.1% of all deals.
In second place was M&A with 22 deals, followed by private equity with three transactions, respectively accounting for 38.6% and 5.3% of overall deal activity in the country’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in Canada’s technology industry with total deals worth $1.14bn, while venture financing and private equity deals totalled $207.06m and $72.4m, respectively.
Canada technology industry deals in June 2019: Top deals
The top five technology industry deals accounted for 82.5% of the overall value during June 2019.
The combined value of the top five technology industry deals stood at $1.17bn, against the overall value of $1.42bn recorded for the month.
The top five Canada technology industry deals tracked by GlobalData in June 2019 were:
1) Industrial Scientific’s $570m acquisition of Intelex Technologies
2) The $405m acquisition of Wave Financial by H&R Block
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3) Stillfront Group’s $90m acquisition of Kixeye
4) The $68.55m private equity deal with Bluberi Gaming Canada by Catalyst Capital Group
5) Caisse de depot et placement du Quebec, First Ascent Associates, HV Holtzbrinck Ventures Adviser, National Bank of Canada, Portag3 Ventures, Walter Capital Partners and White Star Capital LP.’s venture financing of Dialogue Technologies for $40m.
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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.