1. Deals Analysis
November 28, 2020updated 01 Dec 2020 4:15pm

Technology industry cross border private equity deals total $17.23bn globally in Q3 2020

Total technology industry cross border private equity deals worth $17.23bn were announced globally in Q3 2020, led by Brookfield Infrastructure Partners and GIC’s $3.4bn private equity deal with Reliance Industrial Investments and, according to GlobalData’s deals database.

The value marked a decrease of 32.6% over the previous quarter and a rise of 12.45% when compared with the last four-quarter average, which stood at $6.54bn.

Comparing cross border private equity deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $6.6bn. At the country level, the US topped the list in terms of deal value at $4.63bn.

In terms of volumes, Europe emerged as the top region for technology industry cross border private equity deals globally, followed by Asia-Pacific and then North America.

The top country in terms of cross border private equity deals activity in Q3 2020 was the UK with 13 deals, followed by the US with nine and Germany with eight.

In 2020, at the end of third quarter, cross border private equity deals worth $71.96bn were announced globally across the technology industry, marking an increase of 106.9% year on year.

Cross border private equity deals in technology industry in Q3 2020: Top deals

The top five cross border private equity deals in technology industry accounted for 66.9% of the overall value during Q3 2020.

The combined value of the top five cross border private equity deals stood at $11.52bn, against the overall value of $17.23bn recorded for the quarter.

The top five technology industry cross border private equity deals of Q3 2020 tracked by GlobalData were:

1) Brookfield Infrastructure Partners and GIC’s $3.4bn private equity deal with Reliance Industrial Investments

2) The $3.39bn private equity deal with IFS by EQT IX Fund, EQT VIII and TA Associates Management

3) Baring Private Equity Asia and Canada Pension Plan Investment Board’s $2bn private equity deal with Virtusa

4) The $1.53bn private equity deal with idealista by EQT IX Fund

5) CBRE Caledon Capital Management, Colony Capital and Hana Financial Investment’ private equity deal with Vantage Data Centers Management LLC for $1.2bn.

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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