1. Deals Analysis
September 22, 2021updated 14 Nov 2021 3:22pm

US technology industry sees a rise of 12.78% in deal activity in August 2021

By Carmen

US technology industry saw a rise of 12.78% in overall deal activity during August 2021, when compared with the last 12-month average, led by Apollo Global Management’s $7.5bn private equity deal with Lumen Technologies, according to GlobalData’s deals database.

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A total of 865 deals worth $47.8bn were announced in August 2021, compared with the 12-month average of 767 deals.

venture financing was the leading category in the month in terms of volume with 536 deals, which accounted for 62% of all deals.

In second place was M&A with 269 deals, followed by private equity with 60 transactions, respectively accounting for 31.1% and 6.9% of overall deal activity in the US 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 $20.46bn, while venture financing and private equity deals totalled $13.82bn and $13.52bn, respectively.

US technology industry deals in August 2021: Top deals

The top five technology industry deals accounted for 40.4% of the overall value during August 2021.

The combined value of the top five technology deals stood at $19.31bn, against the overall value of $47.8bn recorded for the month.

The top five technology industry deals of August 2021 tracked by GlobalData were:

1) Apollo Global Management $7.5bn private equity deal with Lumen Technologies

2) The $5.2bn private equity of Cornerstone OnDemand by Clearlake Capital Group

3) Pershing Square,Pershing Square Holdings and Pershing Square International $2.8bn acquisition deal for 7.1% stake in Universal Music Group

4) The $1.98bn acquisition of Risk Management Solutions by Moody’s

5) Equifax $1.83bn acquisition deal with Appriss Insights

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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