1. Deals Analysis
February 2, 2021

Europe’s technology industry saw a flat growth in cybersecurity deal activity during December 2020

By Carmen

Europe’s technology industry saw a flat growth in cybersecurity deal activity during December 2020, when compared with the last 12-month average, led by NortonLifeLock’s $360m acquisition of Avira Operations GmbHKG, according to GlobalData’s deals database.

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A total of 22 technology industry cybersecurity deals worth $473.96m were announced for the region in December 2020, against the 12-month average of 22 deals.

Of all the deal types, venture financing saw most activity in December 2020 with 12 transactions, representing a 54.6% share for the region.

In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 36.4% and 9.1% share of the overall cybersecurity deal activity for the month.

In terms of value of cybersecurity deals, M&A was the leading category in Europe’s technology industry with $365.29m, while venture financing and private equity deals totalled $85.66m and $23m, respectively.

Europe technology industry cybersecurity deals in December 2020: Top deals

The top five technology cybersecurity deals accounted for 93.7% of the overall value during December 2020.

The combined value of the top five technology cybersecurity deals stood at $444.27m, against the overall value of $473.96m recorded for the month.

The top five technology industry cybersecurity deals of December 2020 tracked by GlobalData were:

1) NortonLifeLock’s $360m acquisition of Avira Operations GmbHKG

2) The $23.93m venture financing deal with EclecticIQ by ACE Management, Arches Capital, Capricorn Digital Growth Fund, INKEF Capital, Invest-NL, Keen Venture Partners, KPN Ventures and Quest for Growth

3) Alcur Fonder and Swedbank Robur’s $23m private equity deal with Outpost24

4) The $19.16m venture financing of NetGuardians by ACE &UK Ltd. and Pictet & Cie Group

5) The European Investment Bank’s venture financing of IDnow for $18.18m.

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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