UK technology industry saw a rise of 40.00% in overall cross border deal activity during February 2021, when compared with the last 12-month average, led by Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor, according to GlobalData’s deals database.
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A total of 63 cross border deals worth $7.93bn were announced in February 2021, compared with the 12-month average of 45 deals.
M&A was the leading category in the month in terms of volume with 31 deals, which accounted for 49.2% of all cross border deals.
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By GlobalDataIn second place was venture financing with 27 cross border deals, followed by private equity with five transactions, respectively accounting for 42.9% and 7.9% of overall deal activity in the UK technology industry during the month.
In terms of value of cross border deals, M&A was the leading deal category in the UK technology industry with total deals worth $6.75bn, while private equity and venture financing deals totalled $986.81m and $190m respectively.
UK technology industry cross border deals in February 2021: Top deals
The top five technology industry cross border deals accounted for 96.5% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $7.66bn, against the overall value of $7.93bn recorded for the month.
The top five technology industry cross border deals of February 2021 tracked by GlobalData were:
1) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor
2) The $484.14m private equity deal with Aquila Heywood by SCSp and BlackRock Long Term Private Capital
3) Cision’s $450m acquisition of Runtime Collective
4) The $417.57m private equity deal with Node4 by Providence Equity Partners
5) CrowdStrike Holdings’ acquisition of Humio for $400m.
