Led by Marvell Technology Group’s $10.27bn acquisition of Inphi, North America’s technology industry saw a rise of 18.75% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 361 cross border deals worth $34.06bn were announced for the region during Q4 2020, against the last four-quarter average of 304 deals.
Of all the deal types, venture financing saw most activity in Q4 2020 with 178, representing a 49.3% share for the region.
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By GlobalDataIn second place was M&A with 162 deals, followed by private equity deals with 21 transactions, respectively capturing a 44.8% and 5.8% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in the US technology industry with $29.71bn, while venture financing and private equity deals totalled $3.11bn and $1.21bn, respectively.
North America technology industry cross border deals in Q4 2020: Top deals
The top five technology cross border deals accounted for a 68% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $23.14bn, against the overall value of $34.06bn recorded for the quarter.
The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:
1) Marvell Technology Group’s $10.27bn acquisition of Inphi
2) The $4.18bn acquisition of Fanduel by Flutter Entertainment
3) Tencent Music Entertainment Group’s $3.67bn acquisition of Universal Music Group
4) The $2.75bn acquisition deal with Verafin by Nasdaq
5) Deutsche Borse’s acquisition of Institutional Shareholder Services for $2.28bn.
