Technology was one of the few sectors that outperformed in 2020. Global deal volume increased when compared to 2019. The number of multibillion dollar deals increased by 20% when compared with the preceding year.
During the second half of 2020, M&A activity in the tech sector proliferated. 2020 was also the year of the SPAC, with SPAC offerings and M&A setting new records and with technology acquisitions representing about a third of the SPAC acquisition activity in 2020.
Hogan Lovells activities
With Brexit looming, our Technology industry sector hosted a webinar on the prospects for technology and tech investments in post-Brexit Britain. Our Silicon Valley M&A Forum covered trending issues in the Tech M&A marketplace and was followed by our five-week virtual Summer M&A Boot Camp, which provided introductory M&A legal training for law students and junior level lawyers, bankers, and corporate development professionals.
We also launched our Spring/Summer edition of the Hogan Lovells Global Media, Technology, and Communications Quarterly addressing COVID-19-related considerations for force majeure events, the pandemic’s impact on joint ventures, and transatlantic perspectives on deepfakes.