1. Deals Analysis
November 29, 2020updated 02 Dec 2020 2:14pm

Europe’s technology industry saw a drop of 48.1% in cross border deal activity during October 2020

By Carmen

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.

 

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.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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.

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