1. Deals Analysis
November 25, 2019

US technology industry sees a drop of 10.8% in deal activity in October 2019

By Carmen

The US technology industry saw a drop of 10.8% in overall deal activity during October 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 598 deals worth $14.27bn were announced in October 2019, compared to the 12-month average of 670 deals.

Venture financing was the leading category in the month in terms of volume with 367 deals which accounted for 61.4% of all deals.

In second place was M&A with 198 deals, followed by private equity with 33 transactions, respectively accounting for 33.1% and 5.5% 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 $5.43bn, while venture financing and private equity deals totalled $4.45bn and $4.4bn, respectively.

US technology industry deals in October 2019: Top deals

The top five technology industry deals accounted for 50.8% of the overall value during October 2019.

The combined value of the top five technology deals stood at $7.25bn, against the overall value of $14.27bn recorded for the month.

The top five technology industry deals of October 2019 tracked by GlobalData were:

1) Platinum Equity’s $3.87bn private equity deal with Cision

2) The $1.95bn asset transaction with AT&T by Liberty Latin America

3) Q2’s $510m acquisition of Lender Performance Group

4) The $470m acquisition of Onshape by PTC

5) CoStar Group’s acquisition of STR for $450m.

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.

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