Deal activity by volume related to cybersecurity decreased by 8% year-on-year in 2022 in the automotive industry
Credit: Bert van Dijk/Getty images.
Analysis of the key themes driving deal activity reveals that cybersecurity accounted for 48 automotive deals between 2018 and 2022, worth a total value of $404m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $16m venture financing secured by Nanjing Chuhang Technology was the largest disclosed deal in 2022, while the $150m venture financing secured by Socure was the largest disclosed deal in 2021.
In volume terms, cybersecurity related deal activity decreased by 8% year-on-year in 2022 and increased by 160% year-on-year in 2021.
Deal activity related to cybersecurity in the global automotive industry in the last five years
Top deals related to cybersecurity in the automotive industry in the last five years
Deal volume by deal type for cybersecurity related deals in the automotive industry in the last five years
Venture financing accounted for the highest number of deals in the last five years, with 22 deals, followed by partnerships (13 deals), and acquisitions (8 deals).
Top legal advisors for cybersecurity related deals by value in the automotive industry in the last five years
The top legal advisors supporting deals related to cybersecurity in the automotive industry in the last five years in terms of value were POSSER SPIETH WOLFERS & PARTNERS; PXR Legal; Simmons & Simmons; and YPOG.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.