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North America: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Future of Work (LTM June 2022)

  • A total of 346 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of the North America region, driven by Future of Work, in the last twelve months resulting in a total deal value of over $20,596.7 million. In the LTM period, December 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $5,215.0 million, resulting in an average deal value of $140.9 million during that month. On the other hand, the month of January 2022 was the most prolific in terms of deal volume, recording a total of 41 deals, resulting in an average deal value of $39.3 million during that month.

  • Of the 346 deals, the deal secured between Thoma Bravo LP and Bottomline Technologies Inc, was the largest Private Equity/Venture Financing deal in the North America Technology, Media and Telecom sector driven by Future of Work, which was valued at $2,704.7 million and was completed on December 17, 2021. The second-largest deal was between SoftBank Vision Fund LP and GM Cruise LLC, while the third-largest deal was between Benchmark Capital; Caffeinated Capital; Coatue; D1 Capital LP; Franklin Templeton Investments Corp; Greenoaks Capital Management LLC; ICONIQ Growth; J.P. Morgan Growth Equity Partners; MSD Capital LP; Salesforce Ventures; Silver Lake Partners, L.P.; Thrive Capital; XN - US and Formagrid Inc. The SoftBank Vision Fund LP-GM Cruise LLC deal and the Benchmark Capital; Caffeinated Capital; Coatue; D1 Capital LP; Franklin Templeton Investments Corp; Greenoaks Capital Management LLC; ICONIQ Growth; J.P. Morgan Growth Equity Partners; MSD Capital LP; Salesforce Ventures; Silver Lake Partners, L.P.; Thrive Capital; XN - US-Formagrid Inc deal were valued at $1,350.0 million and $735.0 million, respectively. The fourth-largest deal was between Alkeon Capital; Steadfast Capital Ventures; Tiger Global Management LLC-Lucid Software Inc valued at $500.0 million, whereas the deal between Altimeter Capital Management LP; Andreessen Horowitz LLC; Coatue Management LLC; Green Bay Ventures; Lucas Swisher; Neo Investments; Providence Strategic Growth Capital Partners L.L.C.; Rahul Kishore; Silversmith Capital Partners; Spark Capital; YC Continuity-Deel Inc; Formstack LLC valued at $425.0 million was the fifth-largest deal.

  • Cumulatively, the top five deals amounted to $5,714.7 million and accounted for nearly 27.75% of the total deals (by value) announced during the last twelve months. The North America region accounted for 66.03% of the total Private Equity/Venture Financing deals done globally, and accounted for 60.70% of the total deal size on a global scale.

North America: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Future of Work (LTM June 2022)

Published: June 2022
Source: GlobalData

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