1. Deals Analysis
June 18, 2021updated 10 Dec 2021 6:36am

Technology industry M&A deals total $20.3bn in Asia-Pacific in May 2021

By Carmen

Total technology industry M&A deals worth $20.3bn were announced in Asia-Pacific in May 2021, led by Gulf Energy Development’s $18.41bn acquisition of Advanced Info Service Public, according to GlobalData’s deals database.

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The value marked an increase of 934.2% over the previous month of $1.96bn and a rise of 165.3% when compared with the last 12-month average of $7.64bn.

Asia-Pacific held a 19.50% share of the global technology industry M&A deal value that totalled $103.96bn in May 2021. With a 17.71% share and deals worth $18.41bn, Thailand was the top country in Asia-Pacific’s M&A deal value across technology industry.

In terms of M&A deal activity, Asia-Pacific recorded 97 deals during May 2021, marking a decrease of 14.91% over the previous month and a drop of 21.14% over the 12-month average. China recorded 18 deals during the month.

Asia-Pacific technology industry M&A deals in May 2021: Top deals

The top five technology industry M&A deals accounted for 97.2% of the overall value during May 2021.

The combined value of the top five technology deals stood at $19.71bn, against the overall value of $20.3bn recorded for the month.

The top five technology industry M&A deals of May 2021 tracked by GlobalData were:

1) Gulf Energy Development’s $18.41bn acquisition of Advanced Info Service Public

2) The $440m acquisition of Radish Media by Kakao Entertainment

3) Link Mobility Group’s $436.47m acquisition of Soprano Design

4) The $231.65m acquisition of SQA Holdco by Nomura Research Institute Australia

5) Studio Cruise’s acquisition of 90% stake in Aoi Tyo Holdings for $195.3m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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