1. Deals Analysis
December 21, 2020

Canada’s technology industry sees a drop of 17.3% in deal activity in November 2020

By Carmen

Canada’s technology industry saw a drop of 17.3% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 43 deals worth $3.11bn were announced in November 2020, compared to the 12-month average of 52 deals.

M&A was the leading category in the month in terms of volume with 27 deals which accounted for 62.8% of all deals.

In second place was venture financing with ten deals, followed by private equity with six transactions, respectively accounting for 23.3% and 14% 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 $3bn, while private equity and venture financing deals totalled $64.21m and $50.16m, respectively.

Canada technology industry deals in November 2020: Top deals

The top five technology industry deals accounted for 95.7% of the overall value during November 2020.

The combined value of the top five technology deals stood at $2.98bn, against the overall value of $3.11bn recorded for the month.

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

1) Nasdaq’s $2.75bn acquisition of Verafin

2) The $105m acquisition of A Thinking Ape Entertainment by Embracer Lager Group1

3) Enad Global 7’s $72.71m acquisition of Piranha Games

4) The $27.08m private equity deal with F12.Net by Clairvest Equity Partners VI and Clairvest Group

5) WELL Health Technologies’ acquisition of Insig for $23.27m.

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 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.