US technology industry saw a drop of 10.26% in overall cross border deal activity during November 2020, when compared with the last 12-month average, led by Deutsche Borse’s $2.28bn acquisition of Institutional Shareholder Services, according to GlobalData’s deals database.
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A total of 70 cross border deals worth $4.65bn were announced in November 2020, compared with the 12-month average of 78 deals.
venture financing was the leading category in the month in terms of volume with 43 deals, which accounted for 61.4% of all cross border deals.
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By GlobalDataIn second place was M&A with 23 cross border deals, followed by private equity with four transactions, respectively accounting for 32.9% and 5.7% of overall deal activity in the US technology industry during the month.
In terms of value of cross border deals, M&A was the leading deal category in the US technology industry with total deals worth $3.09bn, while private equity and venture financing deals totalled $854.01m and $711.33m respectively.
US technology industry cross border deals in November 2020: Top deals
The top five technology industry cross border deals accounted for 84% of the overall value during November 2020.
The combined value of the top five technology cross border deals stood at $3.91bn, against the overall value of $4.65bn recorded for the month.
The top five technology industry cross border deals of November 2020 tracked by GlobalData were:
1) Deutsche Borse’s $2.28bn acquisition of Institutional Shareholder Services
2) The $700m private equity deal with ParkJockey Global by Mubadala Investment, Oaktree Capital Management, SoftBank Group, Target Global Seed Fund and UBS Asset Management
3) Lightspeed POS’s $483.22m acquisition of ShopKeep
4) The $300m acquisition deal with OpenMarket by Infobip
5) GIC and Thrive Capital’s private equity with Vimeo for $150m.
