Asia-Pacific’s technology industry saw a rise of 1.09% in cross border deal activity during November 2020, when compared with the last 12-month average, led by American Tower’s $335.54m acquisition of ATC Telecom Infrastructure, according to GlobalData’s deals database.
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A total of 93 technology industry cross border deals worth $2.29bn were announced for the region in November 2020, against the 12-month average of 92 deals.
Of all the deal types, venture financing saw most activity in November 2020 with 57 transactions, representing a 61.3% share for the region.
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By GlobalDataIn second place was M&A with 33 deals, followed by private equity deals with three transactions, respectively capturing a 35.5% and 3.2% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s technology industry with $1.17bn, while venture financing and private equity deals totalled $1.03bn and $96.47m, respectively.
Asia-Pacific technology industry cross border deals in November 2020: Top deals
The top five technology cross border deals accounted for 50.9% of the overall value during November 2020.
The combined value of the top five technology cross border deals stood at $1.17bn, against the overall value of $2.29bn recorded for the month.
The top five technology industry cross border deals of November 2020 tracked by GlobalData were:
1) American Tower’s $335.54m acquisition of ATC Telecom Infrastructure
2) The $216.52m acquisition deal with WPP AUNZ by WPP
3) Electronic Gaming Development’s $216.48m acquisition of SNK
4) The $200m venture financing of Gaosi Education Group by GIC and Warburg Pincus
5) Baring Private Equity Asia, BOC International Holdings, Bohai Zhongsheng, CITIC Securities, CMB International Capital, GoldStone InvestmentLtd , Greater Bay Area Homeland Development Fund, Guangdong Technology Financial GroupLimited, Guangdong Wen’s Investment, Hillhouse Capital Group, Sino-Ocean Capital and Youshan Capital’s venture financing of Shenzhen DianMao Digital Technology for $197.56m.
