North America’s technology industry saw a rise of 11.1% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 700 technology industry deals worth $14.04bn were announced for the region in April 2019, against the 12-month average of 630 deals.
Of all the deal types, venture financing saw most activity in April 2019 with 416 transactions, representing a 59.4% share for the region.
In second place was M&A with 225 deals, followed by private equity deals with 59 transactions, respectively capturing a 32.1% and 8.4% share of the overall deal activity for the month.
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In terms of value of deals, venture financing was the leading category in North America’s technology industry with $5.7bn, while M&A and private equity deals totalled $5.21bn and $3.13bn, respectively.
North America technology industry deals in April 2019: Top deals
The top five technology deals accounted for 34.4% of the overall value during April 2019.
The combined value of the top five technology deals stood at $4.83bn, against the overall value of $14.04bn recorded for the month. The top announced technology deal tracked by GlobalData in April 2019 was Siris Capital Group’s $1.7bn private equity deal with Electronics For Imaging.
In second place was the $1bn private equity deal with Uber Advanced Technologies Group by Denso, SoftBank Vision Fund and Toyota Motor and in third place was Jacobs Engineering Group’s $815m acquisition of The KEYW Holding.
The $750m acquisition of Trilogy Education Services by 2U and Accel, CapitalG, Coatue Management, Dragoneer Investment Group, Institutional Venture Partners, Madrona Venture Group, Sands Capital Management, Sequoia Capital Operations, T. Rowe Price Group and Wellington Partners’ venture financing of UiPath for $568m held fourth and fifth positions, respectively.
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.