India’s technology industry saw a drop of 5.7% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 50 deals worth $5.61bn were announced in June 2020, compared to the 12-month average of 53 deals.

Venture financing was the leading category in the month in terms of volume with 32 deals which accounted for 64% of all deals.

In second place was M&A and private equity with nine deals each, accounting for 18% of overall deal activity in the country’s technology industry during the month, respectively.

In terms of value of deals, M&A was the leading deal category in India’s technology industry with total deals worth $5.29bn, while private equity and venture financing deals totalled $226.82m and $94.69m, respectively.

India technology industry deals in June 2020: Top deals

The top five technology industry deals accounted for 81.9% of the overall value during June 2020.

The combined value of the top five technology deals stood at $4.6bn, against the overall value of $5.61bn recorded for the month.

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

1) Public Investment Fund’s $1.45bn private equity deal with Jio Platforms

2) The $1.21bn private equity deal with Jio Platforms by Mubadala Investment

3) Abu Dhabi Investment Authority’s $753.63m private equity deal with Jio Platforms

4) The $602m private equity deal with Jio Platforms by Silver Lake Partners

5) TPG Capital’s private equity deal with Jio Platforms for $581.99m.

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.