North America’s technology industry saw a rise of 34.91% in cross border deal activity during February 2021, when compared with the last 12-month average, led by Embracer Group’s $1.37bn acquisition of Gearbox, according to GlobalData’s deals database.
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A total of 143 technology industry cross border deals worth $7.06bn were announced for the region in February 2021, against the 12-month average of 106 deals.
Of all the deal types, venture financing saw most activity in February 2021 with 74 transactions, representing a 51.8% share for the region.
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By GlobalDataIn second place was M&A with 62 deals, followed by private equity deals with seven transactions, respectively capturing a 43.4% and 4.9% 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 $4.67bn, while venture financing and private equity deals totalled $2.06bn and $328.5m, respectively.
North America technology industry cross border deals in February 2021: Top deals
The top five technology cross border deals accounted for 61.2% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $4.32bn, against the overall value of $7.06bn recorded for the month.
The top five technology industry cross border deals of February 2021 tracked by GlobalData were:
1) Embracer Group’s $1.37bn acquisition of Gearbox
2) The $1.17bn acquisition deal with SpotX by Magnite
3) Sinch’s $1.14bn acquisition of Inteliquent
4) The $361.42m acquisition of Gerber Technology by Lectra
5) Onex Group, Onex Partners V and Silver Lake Partners’ private equity deal with Weld North Education for $275m.
