Automotive industry

US auto industry business activity unplugged

The U.S. auto industry saw a 64.71% increase in overall deal activity in March 2022, compared to the past 12-month average, led by General Motors’ acquisition of GM Cruise for 2.1 billions of dollars, according to GlobalData’s transaction database.

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A total of 28 deals worth $2.2 billion were announced in March 2022, compared to a 12-month average of 17 deals.

Mergers and acquisitions was the top category of the month in terms of volume with 12 deals, which accounted for 42.9% of all deals.

In second place was private equity with eight deals, followed by venture capital funding with eight deals, accounting for 28.6% and 28.6%, respectively, of overall deal activity in the U.S. tech industry over the past month.

In terms of deal size, mergers and acquisitions was the largest deal category in the U.S. auto industry with total deals worth $2.1 billion, followed by venture capital deals totaling $66 billion. .58 million.

US Auto Industry Deals March 2022: Top Deals

The top five automotive industry deals accounted for 99.4% of the overall value in March 2022.

The combined value of the top five auto deals was $2.15 billion, compared to the aggregate value of $2.17 billion recorded for the month.

The top five automotive industry deals of March 2022 tracked by GlobalData were:

1) $2.1 billion General Motors acquisition deal with GM Cruise

2) Beep’s $25 million venture funding by LP., ABS Capital Partners, Blue Lagoon Capital, Hidden Creek Management, Intel Capital and TDF Ventures (TDF Funds)

3) Capital Factory, Champion Hill Ventures, Folsom Point Equity, Kindred Ventures, Lowercarbon Capital, OzoneX Ventures, Saltwater Capital and THRC Investments $17M funding deal with Linear Labs

4) Ride1up’s $6.5 million venture funding by Ecosystem Integrity Fund

5) $5 million financing agreement between Lyndon Rive and AutoSled

Verdict Agreement Analysis Methodology

This analysis only considers announced and concluded transactions from GlobalData’s financial transactions database and excludes all completed and assumed transactions. The country and industry are defined based on the target company’s head office and dominant industry. The term “procurement” refers to both completed transactions and those in the process of being tendered.

GlobalData tracks real-time data on all M&A, private equity/venture capital, and asset transaction activity globally from thousands of company websites and other trusted sources.

More in-depth reports and analysis on all reported transactions are available to subscribers to GlobalData’s Transaction Database.