1. Deals Analysis
August 3, 2021updated 06 Aug 2021 3:07pm

Belgium’s technology sees a drop of 21.43% in deal activity in Q2 2021

By Carmen

Led by $298.37m acquisition of Rtl Belgium, Belgium’s technology industry saw a drop of 21.43% in overall deal activity during Q2 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 22 deals worth $525.5m were announced in Q2 2021, compared with the last four-quarter average of 28.00 deals.

M&A was the leading category in the quarter with ten deals which accounted for 45.5% of all deals.

In second place was venture financing with nine deals, followed by private equity with three transactions, respectively accounting for 40.9% and 13.6% of overall deal activity in the Belgium’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Belgium’s technology industry with total deals worth $298.37m, while private equity and venture financing deals totalled $158m and $69.14m, respectively.

Belgium technology industry deals in Q2 2021: Top deals

The top five technology industry deals accounted for 96.5% of the overall value during Q2 2021.

The combined value of the top five technology deals stood at $507.16m, against the overall value of $525.5m recorded for the quarter.

The top five technology industry deals of Q2 2021 tracked by GlobalData were:

1) DPG Media and Groupe Rossel’s $298.37m acquisition of Rtl Belgium

2) The $158m private equity deal with Lansweeper by Insight Venture Management

3) Rossel Group’s $22m venture financing of AppTweak

4) The $20.61m venture financing deal with Customs4Trade by 83North Venture Capital

5) Ark Angels Activator Fund, Capital-E, Cogito Capital Partners and Qbic Fund’s venture financing with Accelleran for $8.18m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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