Total technology industry private equity deals in February 2020 worth $6.36bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 395% over the previous month and a rise of 6.2% when compared with the last 12-month average of $5.99bn.

The US held a 74.3% share of the global technology industry private equity deal value that totalled $8.57bn in February 2020.

In terms of deal activity, the US recorded 42 deals during February 2020, marking a decrease of 4.6% over the previous month and a drop of 2.3% over the 12-month average.

The US technology industry private equity deals in February 2020: Top deals

The top five technology industry private equity deals accounted for 98.7% of the overall value during February 2020.

The combined value of the top five technology private equity deals stood at $6.28bn, against the overall value of $6.36bn recorded for the month.

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

1) AlpInvest Partners, Ontario Teachers’ Pension Plan and STG Partners’ $2.08bn private equity deal with RSA Security

2) The $1.9bn private equity deal with ForeScout Technologies by Advent International

3) Blackstone Tactical Opportunities Advisors’ $1.4bn private equity deal with Phoenix Tower International

4) The $800m private equity deal with Vantage Data Centers Management LLC by Digital Colony Partners

5) Aquiline Capital Partners’ private equity deal with Elm Street Technology for $100m.

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.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.