H1 2021 Sees Record Level of Tech M&A Activity

Morrison & Foerster partners Thomas Chou and Seth Graham are quoted in an article, “H1 2021 sees record level of tech M&A activity”, published by Financial Asia on 19 October 2021.

Despite the challenges presented by Covid-19 for dealmakers, M&A activity remained robust last year, driven by strong appetite for technology investments.

In the article, MoFo’s Tokyo-based partner Seth Graham shared his views on why the pandemic has helped boost the appeal of the technology sector. “The pandemic has been a proving ground of sorts for the efficacy and efficiency of various technologies -- not just [remote working platforms like] Zoom and Teams, but new advances in machine learning and AI technology that are tracking health statistics and vaccination and infection rates,” Seth said.

MoFo’s Hong Kong-based partner and co-head of MoFo’s Asia Private Equity practice, Thomas Chou, suggested that the SPAC boom also contributed to the rise of tech dealmaker as the SPAC process enables more accurate valuations of target companies.

Read the full article (subscription required).