Europe’s technology industry saw a drop of 15.38% in big data deal activity during January 2021, when compared with the last 12-month average, led by VTB Bank’s $464.3m acquisition of LLC Data Storage Centre , according to GlobalData’s deals database.
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A total of 33 technology industry big data deals worth $662.23m were announced for the region in January 2021, against the 12-month average of 39 deals.
Of all the deal types, M&A saw most activity in January 2021 with 17 transactions, representing a 51.5% share for the region.
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By GlobalDataIn second place was venture financing with 14 deals, followed by private equity deals with two transactions, respectively capturing a 42.4% and 6.1% share of the overall big data deal activity for the month.
In terms of value of big data deals, M&A was the leading category in Europe’s technology industry with $562.52m, followed by venture financing deals totalled $99.71m.
Europe technology industry big data deals in January 2021: Top deals
The top five technology big data deals accounted for 95% of the overall value during January 2021.
The combined value of the top five technology big data deals stood at $628.92m, against the overall value of $662.23m recorded for the month.
The top five technology industry big data deals of January 2021 tracked by GlobalData were:
1) VTB Bank’s $464.3m acquisition of LLC Data Storage Centre
2) The $98.22m acquisition deal with Evros Technology Group by Eir Group
3) BPI France and Cathay Innovation Fund’s $43m venture financing of iziwork
4) The $13.4m venture financing of Zyfra by VEB Ventures
5) Atlantic Bridge Capital and MMC Ventures’ venture financing of Snowplow Analytics for $10m.
