North America’s technology industry saw a drop of 5.05% in cross border deal activity during November 2020, when compared with the last 12-month average, led by Nasdaq’s $2.75bn acquisition of Verafin, according to GlobalData’s deals database.
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A total of 94 technology industry cross border deals worth $7.62bn were announced for the region in November 2020, against the 12-month average of 99 deals.
Of all the deal types, venture financing saw most activity in November 2020 with 50 transactions, representing a 53.2% share for the region.
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In second place was M&A with 38 deals, followed by private equity deals with six transactions, respectively capturing a 40.4% and 6.4% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in North America’s technology industry with $6.02bn, while private equity and venture financing deals totalled $854.01m and $751.36m, respectively.
North America technology industry cross border deals in November 2020: Top deals
The top five technology cross border deals accounted for 85.4% of the overall value during November 2020.
The combined value of the top five technology cross border deals stood at $6.51bn, against the overall value of $7.62bn recorded for the month.
The top five technology industry cross border deals of November 2020 tracked by GlobalData were:
1) Nasdaq’s $2.75bn acquisition of Verafin
2) The $2.28bn acquisition deal with Institutional Shareholder Services by Deutsche Borse
3) Mubadala Investment, Oaktree Capital Management, SoftBank Group, Target Global Seed Fund and UBS Asset Management’s $700m private equity deal with ParkJockey Global
4) The $483.22m acquisition of ShopKeep by Lightspeed POS
5) Infobip’s acquisition of OpenMarket for $300m.