Europe’s technology industry saw a rise of 17.8% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 377 technology industry deals worth $13.97bn were announced for the region in June 2019, against the 12-month average of 320 deals.
Of all the deal types, venture financing saw most activity in June 2019 with 195 transactions, representing a 51.7% share for the region.
In second place was M&A with 143 deals, followed by private equity deals with 39 transactions, respectively capturing a 37.9% and 10.3% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Europe’s technology industry with $9.71bn, while private equity and venture financing deals totalled $2.88bn and $1.38bn, respectively.
Europe technology industry deals in June 2019: Top deals
The top five technology deals accounted for 78.2% of the overall value during June 2019.
The combined value of the top five technology deals stood at $10.93bn, against the overall value of $13.97bn recorded for the month. The top announced technology deal tracked by GlobalData in June 2019 was Capgemini’s $5.68bn acquisition of Altran Technologies.
In second place was the $1.98bn merger of EVRY and Tieto and in third place was EQT Infrastructure IV Fund’s $1.94bn private equity deal with IP-Only.
The $709.38m private equity deal with KCOM Group by MEIF six Fibre and JPJ Group’s asset transaction with Gamesys for $623.05m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
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This analysis considers only announced and completed 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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.