1. Deals Analysis
November 25, 2019

Canada’s technology industry sees a drop of 7.7% in deal activity in October 2019

By Carmen

Canada’s technology industry saw a drop of 7.7% in overall deal activity during October 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 48 deals worth $9.44bn were announced in October 2019, compared to the 12-month average of 52 deals.

M&A was the leading category in the month in terms of volume with 26 deals which accounted for 54.2% of all deals.

In second place was venture financing with 21 deals, followed by private equity with one transactions, respectively accounting for 43.8% and 2.1% 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 $9.33bn, while venture financing and private equity deals totalled $101.58m and $0.34m, respectively.

Canada technology industry deals in October 2019: Top deals

The top five technology industry deals accounted for 98.6% of the overall value during October 2019.

The combined value of the top five technology deals stood at $9.3bn, against the overall value of $9.44bn recorded for the month.

The top five technology industry deals of October 2019 tracked by GlobalData were:

1) Paddy Power Betfair’s $9.16bn acquisition of The Stars Group

2) The $41.19m acquisition of Influencers Interactive by Pike Mountain Minerals

3) General Atlantic and JMI Equity Fund’s $40m venture financing of Benevity

4) The $29.4m acquisition of InGenius Software by Upland Software

5) ASICS’s asset transaction with Fast North for $28m.

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 big data 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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