Led by S&P Global’s $44bn acquisition of IHS Markit, Europe’s technology industry saw a rise of 15.94% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 611 cross border deals worth $83.61bn were announced for the region during Q4 2020, against the last four-quarter average of 527 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 320, representing a 52.3% share for the region.
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By GlobalDataIn second place was venture financing with 222 deals, followed by private equity deals with 69 transactions, respectively capturing a 36.33% and 11.29% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in the UK technology industry with $73.51bn, while private equity and venture financing deals totalled $5.37bn and $3.55bn, respectively.
Europe technology industry cross border deals in Q4 2020: Top deals
The top five technology cross border deals accounted for a 78.3% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $65.44bn, against the overall value of $83.61bn recorded for the quarter.
The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:
1) S&P Global’s $44bn acquisition of IHS Markit
2) The $11.69bn asset transaction with CK Hutchison Holdings by Cellnex Telecom
3) GlobalWafers’ $4.49bn acquisition of Siltronic
4) The $2.7bn private equity deal with Nielsen by Advent International and James M. Peck
5) Vodafone Group and Vodafone Vierte Verwaltungs’ acquisition of Kabel Deutschland for $2.56bn.
