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Australia: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Cloud (LTM June 2022)

  • A total of 55 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of Australia, driven by Cloud, in the last twelve months resulting in a total deal value of over $1,819.0 million. In the LTM period, May 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $777.8 million, resulting in an average deal value of $97.2 million during that month. On the other hand, the month of February 2022 was the most prolific in terms of deal volume, recording a total of 10 deals, resulting in an average deal value of $21.8 million during that month.

  • Of the 55 deals, the deal secured between AirTree Ventures Pty Limited; Bessemer Venture Partners; Blackbird Ventures; Blue Cloud Ventures; Dragoneer Investment Group LLC; Felicis Ventures LLC; Franklin Resources Inc; Greenoaks Capital Management LLC; Larsen Ventures; M12; Madrona Venture Group LLC; Salesforce Ventures; Scott Shleifer; SEEK Ltd; Sequoia Capital Global Equities; SoftBank Vision Fund 2; T. Rowe Price Group Inc; TEN13 Management Pty Ltd; Tiger Global Management LLC and Canva Pty Ltd; Go1 Pty Ltd, was the largest Private Equity/Venture Financing deal in the Australia Technology, Media and Telecom sector driven by Cloud, which was valued at $200.0 million and was completed on July 19, 2021. The second-largest deal was between AirTree Ventures Pty Limited; OneVentures Pty Ltd; Seek Ventures Limited and Employment Hero Pty Ltd, while the third-largest deal was between AirTree Ventures Pty Limited; Blue Cloud Ventures; Five Sigma Ltd.; Madrona Venture Group LLC; Salesforce Ventures; SoftBank Vision Fund 2 and Go1 Pty Ltd. The AirTree Ventures Pty Limited; OneVentures Pty Ltd; Seek Ventures Limited-Employment Hero Pty Ltd deal and the AirTree Ventures Pty Limited; Blue Cloud Ventures; Five Sigma Ltd.; Madrona Venture Group LLC; Salesforce Ventures; SoftBank Vision Fund 2-Go1 Pty Ltd deal were valued at $129.0 million and $100.0 million, respectively. The fourth-largest deal was between AustralianSuper Pty Ltd; Bailador Technology Investments Limited; BlackRock Inc; Ellerston Capital Limited; Equity Venture Partners; Pendal Group Ltd; TCMI Inc; Washington H Soul Pattinson and Co Ltd-SiteMinder valued at $73.6 million, whereas the deal between Arun Mathew; Blackbird Plc; Daniel Yanisse; Didier Elzinga; Felicis Ventures LLC; Grok Ventures; Rich Wong; Stewart Butterfield; Vlad Magdalin-Dovetail Research Pty. Ltd. valued at $63.0 million was the fifth-largest deal.

  • Cumulatively, the top five deals amounted to $702.6 million and accounted for nearly 38.62% of the total deals (by value) announced during the last twelve months.

Australia: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by Cloud (LTM June 2022)

Published: June 2022
Source: GlobalData

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