1. Deals Analysis
March 17, 2021

Technology industry private equity deals total $22.09bn globally in February 2021

By Carmen

Total technology industry private equity deals worth $22.09bn were announced globally in February 2021, with TPG Capital’ $7.8bn private equity deal being the sector’s biggest investment, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 383.4% over the previous month of $4.57bn and a rise of 27.1% when compared with the last 12-month average, which stood at $17.38bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $19.09bn. At the country level, the US topped the list in terms of deal value at $19.03bn.

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

The top country in terms of private equity deals activity in February 2021 was the US with 49 deals, followed by the UK with 17 and Germany with seven.

In 2021, as of February, technology private equity deals worth $26.66bn were announced globally, marking a decrease of 44.9% year on year.

technology industry private equity deals in February 2021: Top deals

The top five technology industry private equity deals accounted for 82.4% of the overall value during February 2021.

The combined value of the top five technology private equity deals stood at $18.2bn, against the overall value of $22.09bn recorded for the month.

The top five technology industry private equity 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 $6bn private equity deal with CoreLogic by Insight Partners and Stone Point Capital

3) Evergreen Coast Capital and Veritas Capital Management II’ $2.8bn private equity deal with Cubic

4) The $1bn private equity deal with Telefonica Chile by KKRInc

5) Francisco Partners Management, Gigi Levy, Gilad Japhet, HP Beteiligungs and Yuval Rakavy’s private equity deal with MyHeritage for $600m.

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.

Topics in this article: