1. Deals Analysis
March 15, 2021

Technology industry deals total $88.42bn globally in February 2021

By Carmen

Total technology industry deals worth $88.42bn were announced globally for February 2021, with the $7.8bn private equity deal with DirecTV and U-Verse TV being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 10.1% over the previous month of $98.36bn and a drop of 0.03% when compared with the last 12-month average of $88.45bn.

In terms of number of deals, the sector saw a drop of 3.36% with 1637 deals in February 2021 when compared to the last 12-month average of 1694 deals.

In value terms, North America led the activity with deals worth $58.59bn in February 2021.

technology industry deals in February 2021: Top deals

The top five deals accounted for 37.03% of the overall value during February 2021.

The combined value of the top five deals stood at $32.74bn, against the overall value of $88.42bn recorded for the month.

The top five technology industry deals of February 2021 tracked by GlobalData were:

1) TPG Capital’s $7.8bn private equity deal with DirecTV and U-Verse TV

2) The $6.5bn acquisition of Coherent by II-VI

3) Cellnex Telecom’s $6.27bn acquisition of Hivory

4) The $6.17bn acquisition deal of Coherent by MKS Instruments

5) Insight Partners and Stone Point Capital’s private equity deal with CoreLogic for $6bn.

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.

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