Led by WCM Investment Management’s $984.44m private equity deal with Amadeus IT Group, Europe’s technology industry saw a drop of 2.34% in artificial intelligence 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 167 artificial intelligence deals worth $3.16bn were announced for the region during Q4 2020, against the last four-quarter average of 171 deals.
Of all the deal types, venture financing saw most activity in Q4 2020 with 121, representing a 72.4% share for the region.
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By GlobalDataIn second place was M&A with 36 deals, followed by private equity deals with ten transactions, respectively capturing a 21.6% and 6% share of the overall artificial intelligence deal activity for the quarter.
In terms of value of artificial intelligence deals, M&A was the leading category in Spain’s technology industry with $1.25bn, while private equity and venture financing deals totalled $1.15bn and $745.34m, respectively.
Europe technology industry artificial intelligence deals in Q4 2020: Top deals
The top five technology artificial intelligence deals accounted for a 72.1% share of the overall value during Q4 2020.
The combined value of the top five artificial intelligence deals stood at $2.28bn, against the overall value of $3.16bn recorded for the quarter.
The top five technology industry artificial intelligence deals of Q4 2020 tracked by GlobalData were:
1) WCM Investment Management’s $984.44m private equity deal with Amadeus IT Group
2) The $683.16m acquisition of Sinch by SB Management Group
3) Autodesk’s $240m acquisition of Spacemaker
4) The $222m venture financing deal with Graphcore by Baillie Gifford, Draper Esprit, Fidelity International, Ontario Teachers’ Pension Plan and Schroder British Opportunities Trust
5) BlackLine’s acquisition of Rimilia Europe for $150m.
