1. Deals Analysis
November 16, 2020

North America’s technology industry sees a drop of 12.2% in deal activity in Q3 2020

By Carmen

North America’s technology industry saw a drop of 12.2% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 1703 deals worth $165.03bn were announced for the region during Q3 2020, against the last four-quarter average of 1940 deals.

Of all the deal types, venture financing saw most activity in Q3 2020 with 946, representing a 55.6% share for the region.

In second place was M&A with 610 deals, followed by private equity deals with 147 transactions, respectively capturing a 35.8% and 8.6% 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 $133.39bn, while private equity and venture financing deals totalled $18.2bn and $13.43bn, respectively.

North America technology industry deals in Q3 2020: Top deals

The top five technology deals accounted for 38.3% of the overall value during Q3 2020.

The combined value of the top five technology deals stood at $63.24bn, against the overall value of $165.03bn recorded for the quarter.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Analog Devices’ $20.45bn acquisition of Maxim Integrated Products

2) The $12bn acquisition of TikTok by Oracle and Walmart

3) The $11.89bn merger of Churchill CapitalIII and MultiPlan

4) The $11bn acquisition of Ellie Mae by Intercontinental Exchange

5) Altice USA’s acquisition of Cogeco Communications and Cogeco for $7.9bn.

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 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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