North America’s technology industry saw a rise of 6.8% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 2040 deals worth $86.35bn were announced for the region during Q2 2019, against the last four-quarter average of 1910 deals.
Of all the deal types, venture financing saw most activity in Q2 2019 with 1269, representing a 62.2% share for the region.
In second place was M&A with 618 deals, followed by private equity deals with 153 transactions, respectively capturing a 30.3% and 7.5% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s technology industry with $47.56bn, while private equity and venture financing deals totalled $23.25bn and $15.53bn, respectively.
North America technology industry deals in Q2 2019: Top deals
The top five technology deals accounted for 54.5% of the overall value during Q2 2019.
The combined value of the top five technology deals stood at $47.05bn, against the overall value of $86.35bn recorded for the quarter. The top announced technology deal tracked by GlobalData in Q2 2019 was Salesforce.Com’s $15.7bn acquisition of Tableau Software.
In second place was the $14.3bn private equity deal with Zayo Group Holdings by Digital Colony Management and EQT Infrastructure IV Fund and in third place was Infineon Technologies’ $10.05bn acquisition of Cypress Semiconductor.
The $4.4bn acquisition of Epsilon Data Management by Publicis Groupe and Google’s acquisition of Looker Data Sciences for $2.6bn held fourth and fifth positions, respectively.
Verdict deals analysis methodology
The State of Technology This Week
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.