1. Deals Analysis
December 15, 2020

US technology industry sees a drop of 24.6% in deal activity in November 2020

By Carmen

The US technology industry saw a drop of 24.6% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 426 deals worth $28.83bn were announced in November 2020, compared to the 12-month average of 565 deals.

Venture financing was the leading category in the month in terms of volume with 202 deals which accounted for 47.4% of all deals.

In second place was M&A with 186 deals, followed by private equity with 38 transactions, respectively accounting for 43.7% and 8.9% of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US technology industry with total deals worth $15.83bn, while private equity and venture financing deals totalled $8.51bn and $4.49bn, respectively.

US technology industry deals in November 2020: Top deals

The top five technology industry deals accounted for 44.7% of the overall value during November 2020.

The combined value of the top five technology deals stood at $12.88bn, against the overall value of $28.83bn recorded for the month.

The top five technology industry deals of November 2020 tracked by GlobalData were:

1) American Tower’s $3.5bn acquisition of Insite Wireless Group

2) The $3bn private equity deal with Endurance International Group by Clearlake Capital Group

3) Deutsche Borse’s $2.28bn acquisition of Institutional Shareholder Services

4) The $2.1bn merger of Aeva and InterPrivate Acquisition

5) The merger of Apex Technology Acquisition and AvePoint for $2bn.

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.

 

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.