Asia-Pacific’s technology industry saw a rise of 5.42% in cross border deal activity during November 2021, when compared with the last 12-month average, led by Cathay Capital, HDSC and Huada Industry’s $1.26bn venture financing of GTA Semiconductor, according to GlobalData’s deals database.
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A total of 175 technology industry cross border deals worth $7.1bn were announced for the region in November 2021, against the 12-month average of 166 deals.
Of all the deal types, venture financing saw most activity in November 2021 with 132 transactions, representing a 75.4% share for the region.
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By GlobalDataIn second place was M&A with 37 deals, followed by private equity deals with six transactions, respectively capturing a 21.1% and 3.4% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, venture financing was the leading category in Asia-Pacific’s technology industry with $4.88bn, while private equity and M&A deals totalled $1.23bn and $940.23m, respectively.
Asia-Pacific technology industry cross border deals in November 2021: Top deals
The top five technology cross border deals accounted for 52.2% of the overall value during November 2021.
The combined value of the top five technology cross border deals stood at $3.68bn, against the overall value of $7.1bn recorded for the month.
The top five technology industry cross border deals of November 2021 tracked by GlobalData were:
1) Cathay Capital,HDSC and Huada Industry $1.26bn venture financing deal with GTA Semiconductor
2) The $980.1m private equity of Try Group by CVC Capital Partners Asia V L.P
3) Blossom Capital,Coatue,National Education Association,Paradigm Housing Group,Thrive Capital and Tiger Global Management $555m venture financing deal with MoonPay
4) The $500m venture financing of Xiaohongshu by Alibaba Group Holding,Genesis Capital,Temasek Holdings (Private),Tencent Holdings,Tiantu Capital and Yuansheng Capital
5) Kakao Games Europe $382.5m acquisition of 30.37% stake in Lionheart Studio