Total technology industry cross border deals worth $38.1bn were announced globally for June 2021, with the $5.49bn private equity deal with Cloudera being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 6.3% over the previous month of $35.81bn and a rise of 4.5% when compared with the last 12-month average of $36.44bn.
In terms of number of cross border deals, the sector saw a rise of 53.13% with 735 deals in June 2021 when compared to the last 12-month average of 480 deals.
In value terms, North America led the activity with cross border deals worth $15.76bn in June 2021.
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By GlobalDatatechnology industry cross border deals in June 2021: Top deals
The top five cross border deals accounted for 36.7% of the overall value during June 2021.
The combined value of the top five cross border deals stood at $13.98bn, against the overall value of $38.1bn recorded for the month.
The top five technology industry cross border deals of June 2021 tracked by GlobalData were:
1) Dubilier & Rice, Clayton and KKRInc’s $5.49bn private equity deal with Cloudera
2) The $3.11bn acquisition of 12.1% stake in BT Group by Altice UK
3) Alberta Investment Management and Canada Pension Plan Investment Board’s $1.95bn private equity deal with BAI Communications
4) The $1.8bn acquisition deal of Stack Exchange by Prosus
5) Etsy’s acquisition deal with Depop for $1.63bn.
