Europe’s technology industry saw a drop of 48.1% in cross border deal activity during October 2020, when compared with the last 12-month average, led by Advent International and James M. Peck’s $2.7bn acquisition of Nielsen, according to GlobalData’s deals database.
A total of 184 technology industry cross border deals worth $7.3bn were announced for the region in October 2020, against the 12-month average of 174 deals.
Of all the deal types, M&A saw most activity in October 2020 with 98 transactions, representing a 53.3% share for the region.
In second place was venture financing with 68 deals, followed by private equity deals with 18 transactions, respectively capturing a 37% and 9.8% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Europe’s technology industry with $3.11bn, while private equity and venture financing deals totalled $3.01bn and $1.17bn, respectively.
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Europe technology industry cross border deals in October 2020: Top deals
The top five technology cross border deals accounted for 62.8% of the overall value during October 2020.
The combined value of the top five technology cross border deals stood at $4.58bn, against the overall value of $7.3bn recorded for the month.
The top five technology industry cross border deals of October 2020 tracked by GlobalData were:
1) Advent International and James M. Peck’s $2.7bn private equity deal with Nielsen
2) The $807.41m acquisition deal with Bisnode by Dun & Bradstreet Holdings
3) Bandwidth’s $527.27m acquisition of Voxbone
4) The $343.86m venture financing of Molo Tech by ANDENES INVESTMENTS, GPS Ventures, Macquarie Group – London, Patron Capital and yabeo Capital
5) Accel, Atomico, Glynn Capital Management, LGT Lightstone Europe, Mousse Partners, NewView Capital, Spark Capital and Y Combinator Management’s venture financing of MessageBird for $200m.