1. Deals Analysis
March 16, 2021

North America’s technology industry saw a rise of 11.10% in deal activity during February 2021

By Carmen

North America’s technology industry saw a rise of 11.10% in deal activity during February 2021, when compared with the last 12-month average, led by TPG Capital’s $7.8bn acquisition of DirecTV and U-Verse TV, according to GlobalData’s deals database.

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A total of 771 technology industry deals worth $58.59bn were announced for the region in February 2021, against the 12-month average of 694 deals.

Of all the deal types, venture financing saw most activity in February 2021 with 423 transactions, representing a 54.9% share for the region.

In second place was M&A with 295 deals, followed by private equity deals with 53 transactions, respectively capturing a 38.3% and 6.9% 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 $27.52bn, while private equity and venture financing deals totalled $19.09bn and $11.98bn, respectively.

North America technology industry deals in February 2021: Top deals

The top five technology deals accounted for 50% of the overall value during February 2021.

The combined value of the top five technology deals stood at $29.27bn, against the overall value of $58.59bn recorded for the month.

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

1) TPG Capital’s $7.8bn private equity deal with DirecTV and U-Verse TV

2) The $6.5bn acquisition deal with Coherent by II-VI

3) MKS Instruments’ $6.17bn acquisition of Coherent

4) The $6bn private equity deal with CoreLogic by Insight Partners and Stone Point Capital

5) Evergreen Coast Capital and Veritas Capital Management II’s private equity deal with Cubic for $2.8bn.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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