1. Deals Analysis
July 25, 2021

North America’s technology industry saw a rise of 17.43% in deal activity during June 2021

By Carmen

North America’s technology industry saw a rise of 17.43% in deal activity during June 2021, when compared with the last 12-month average, led by Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and The Blackstone Group’s $10bn private equity deal with QTS Realty Trust, according to GlobalData’s deals database.

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A total of 876 technology industry deals worth $61.5bn were announced for the region in June 2021, against the 12-month average of 746 deals.

Of all the deal types, venture financing saw most activity in June 2021 with 524 transactions, representing a 59.8% share for the region.

In second place was M&A with 273 deals, followed by private equity deals with 79 transactions, respectively capturing a 31.2% and 9.02% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s technology industry with $29.01bn, while venture financing and M&A deals totalled $17.07bn and $15.39bn, respectively.

North America technology industry deals in June 2021: Top deals

The top five technology deals accounted for 42.6% of the overall value during June 2021.

The combined value of the top five technology deals stood at $26.21bn, against the overall value of $61.5bn recorded for the month.

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

1) Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and The Blackstone Group’s $10bn private equity deal with QTS Realty Trust

2) The $5.49bn private equity deal with Cloudera by Dubilier & Rice, Clayton and KKRInc

3) Platinum Equity’s $4.5bn private equity deal with McGraw Hill Companies

4) The $4bn acquisition of 10% stake in Universal Music Group by Pershing Square Tontine Holdings

5) Rockwell Automation’s acquisition of Plex Systems for $2.22bn.

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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