Total technology industry deals for April 2020 worth $34.4bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 33.8% over the previous month and a drop of 21.2% when compared with the last 12-month average of $43.65bn.
In terms of number of deals, the sector saw a drop of 11.8% over the last 12-month average with 1308 deals against the average of 1483 deals.
In value terms, Asia-Pacific led the activity with deals worth $26.56bn.
Technology industry deals in April 2020: Top deals
The top five technology deals accounted for 65.3% of the overall value during April 2020.
The combined value of the top five technology deals stood at $22.47bn, against the overall value of $34.4bn recorded for the month.
The top five technology industry deals of April 2020 tracked by GlobalData were:
1) General Atlantic Singapore Fund, Jinbo Yao, Ocean Link and Warburg Pincus Asia’s $13.99bn private equity deal with 58.com
2) The $5.7bn acquisition of Jio Platforms by Facebook
3) Macquarie Group’s $1.85bn acquisition of AirTrunk Operating
4) The $600.77m asset transaction with NOS SGPS by Cellnex Telecom
5) Aprogen KIC’s acquisition of Locojoy International for $336.9m.
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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.