Global TMT M&A Update Q1 2021

Read more about Global TMT M&A trends

Joseph Radecki

Joseph Radecki

Managing Director and Group Head, TMT Investment Banking, KPMG Corporate Finance LLC

+1 651-272-7305

Aggregate Deal Value for Q1’2021 Breaches the Record $300B Mark

  • Catapulted by the unprecedented rebound in deal making, global tech M&A activity registered its highest aggregate deal value of $303.0B with 871 deals announced in Q1’2021
  • Soaring aggregate deal values continued to be propelled by a meteoric rise in $1B+ transactions (84), as the quarter witnessed a ~65% increase in mega deals that accounted for more than 90% of total deal value
  • The sustained rebound in tech M&A deal activity was further fueled by the emergence of a disruptive category of buyers, Special Purpose Acquisition Companies (SPACs), a hybrid (IPO + M&A) exit alternative that witnessed almost as much investment ($~136.4B) as their legacy (PE & Strategic) counterparts with 51 deals
  • Thoma Bravo Advantage announced its acquisition of Ironsource, an Israel-based mobile application distribution software company, for $11.1B; the largest tech SPAC deal to date
  • As the distress levels in the leveraged loan market continue to subside, following a spike last year, financial buyers are making the most from receding risk and uncertainty levels by acquiring tech targets at a pace that puts them on track to match record deal making witnessed in 2020

Global Quarterly TMT M&A Activity: Q2’18 – Q1’21

Global Quarterly TMT Mid-Market M&A Activity (≤$500M): Q2’18 – Q1’21

Sources: 451 Research (proprietary database accessed on March 31, 2021)

In our Q1 2021 edition of the TMT M&A Newsletter, we cover global TMT M&A activity, notable M&A transactions, key industry trends/drivers, as well as buyer activity/appetite. To read the full report, download the PDF below.

We are happy to answer your questions and discuss the insights we have gathered as one of the most prolific M&A advisers.

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