Total technology industry cross border M&A deals worth $3.3bn were announced in Asia-Pacific in June 2021, led by Cornucopia Investment Partners, Lombarda China Fund Management, Sino-Rock Investment ManagementLimited, Tim Crown and Yango Financial Holding Investment Group’s $1.62bn acquisition of Magnachip Semiconductor, according to GlobalData’s deals database.
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The value marked an increase of 330.6% over the previous month of $764.07m and a rise of 143.7% when compared with the last 12-month average of $1.35bn.
Asia-Pacific held a 20.01% share of the global technology industry cross border M&A deal value that totalled $16.44bn in June 2021. With a 9.85% share and deals worth $1.62bn, Republic of Korea (South Korea) was the top country in Asia-Pacific’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, Asia-Pacific recorded 32 deals during June 2021, marking an increase of 10.34% over the previous month and a rise of 14.29% over the 12-month average. Australia recorded nine deals during the month.
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By GlobalDataAsia-Pacific technology industry cross border M&A deals in June 2021: Top deals
The top five technology industry cross border M&A deals accounted for 95.8% of the overall value during June 2021.
The combined value of the top five technology cross border deals stood at $3.16bn, against the overall value of $3.3bn recorded for the month.
The top five technology industry cross border M&A deals of June 2021 tracked by GlobalData were:
1) Cornucopia Investment Partners, Lombarda China Fund Management, Sino-Rock Investment ManagementLimited, Tim Crown and Yango Financial Holding Investment Group’s $1.62bn acquisition of Magnachip Semiconductor
2) The $1.3bn acquisition of Message4U by Sinch
3) Digital Edge (Hong Kong)’s $165m acquisition of PT Indointernet
4) The $51.66m acquisition of iSentia Group by Access Intelligence
5) Axiata Digital Advertising Sdn’s acquisition of Awake Asia for $20m.