1. Deals Analysis
October 27, 2021

North America’s technology industry saw a drop of 1.83% in deal activity during September 2021

By Carmen

North America’s technology industry saw a drop of 1.83% in deal activity during September 2021, when compared with the last 12-month average, led by Intuit’s $12bn acquisition of The Rocket Science Group, according to GlobalData’s deals database.

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A total of 860 technology industry deals worth $41.9bn were announced for the region in September 2021, against the 12-month average of 876 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 517 transactions, representing a 60.1% share for the region.

In second place was M&A with 266 deals, followed by private equity deals with 77 transactions, respectively capturing a 30.9% and 9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s technology industry with $22.77bn, while venture financing and private equity deals totalled $13.54bn and $5.58bn, respectively.

North America technology industry deals in September 2021: Top deals

The top five technology deals accounted for 50.9% of the overall value during September 2021.

The combined value of the top five technology deals stood at $21.3bn, against the overall value of $41.9bn recorded for the month.

The top five technology industry deals of September 2021 tracked by GlobalData were:

1) Intuit $12bn acquisition deal with The Rocket Science Group

2) The $3.1bn acquisition of NeuStar by TransUnion

3) Thomas H Lee Partners $3bn private equity deal with Brooks Automation

4) The $1.9bn acquisition of Pathwire by Sinch

5) The JordanLP $1.3bn private equity deal with Echo Global Logistics

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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