Led by S&P Global’s $44bn acquisition of IHS Markit, the UK technology industry saw a rise of 8.15% in overall cross border deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 146 cross border deals worth $62.38bn were announced in Q4 2020, compared with the last four-quarter average of 135 deals.
M&A was the leading category in the quarter with 72 cross border deals which accounted for 49.3% of all deals.
In second place was venture financing with 64 deals, followed by private equity with ten transactions, respectively accounting for 43.8% and 6.9% of overall cross border deal activity in the UK technology industry during the quarter.
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By GlobalDataIn terms of value of cross border deals, M&A was the leading deal category in the UK technology industry with total deals worth $58.28bn, while private equity and venture financing deals totalled $2.84bn and $1.25bn respectively.
UK technology industry cross border deals in Q4 2020: Top deals
The top five technology industry cross border deals accounted for 96.4% of the overall value during Q4 2020.
The combined value of the top five technology cross border deals stood at $60.12bn, against the overall value of $62.38bn 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) Advent International and James M. Peck’s $2.7bn private equity deal with Nielsen
4) The $999.12m acquisition deal with The Codemasters SoftwareLtd by Take-Two Interactive Software
5) Cisco Systems Holdings UK acquisition of IMImobile for $729.23m.
