Total technology industry cloud private equity deals worth $7.5bn were announced globally in July 2021, with Thoma Bravo’ $6.68bn private equity deal being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 15.7% over the previous month of $8.87bn and a rise of 22.4% when compared with the last 12-month average, which stood at $6.11bn.
Comparing cloud deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $7.13bn. At the country level, the US topped the list in terms of deal value at $6.88bn.
In terms of volumes, Europe emerged as the top region for technology industry cloud private equity deals globally, followed by North America and then South and Central America.
The top country in terms of cloud private equity deals activity in July 2021 was the US with eight deals, followed by the UK with three and Canada with three.
In 2021, as of July, technology private equity deals worth $44.32bn were announced globally, marking an increase of 33.3% year on year.
technology industry cloud private equity deals in July 2021: Top deals
The top five technology industry cloud private equity deals accounted for 98.4% of the overall value during July 2021.
The combined value of the top five technology cloud private equity deals stood at $7.36bn, against the overall value of $7.5bn recorded for the month.
The top five technology industry cloud private equity deals of July 2021 tracked by GlobalData were:
1) Medallia $6.68bn private equity deal with Thoma Bravo
2) The $250m private equity of Auvik Networks by Great Hill Partners
3) Odoo $215m private equity deal with Summit Partners
4) The $71.27m private equity of Inova Software by Carlyle Europe Technology Partners (CETP) IV
5) Impact Tech $150m private equity deal with Providence Equity Partners and Qatar Investment Authority
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.