1. Deals Analysis
March 10, 2021

Europe’s technology industry saw a rise of 1.54% in cybersecurity deal activity in Q4 2020

By Carmen

Led by WCM Investment Management’s $984.44m private equity deal with Amadeus IT Group, Europe’s technology industry saw a rise of 1.54% in cybersecurity deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 66 cybersecurity deals worth $1.58bn were announced for the region during Q4 2020, against the last four-quarter average of 65 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 29, representing a 43.9% share for the region.

In second place was venture financing with 28 deals, followed by private equity deals with nine transactions, respectively capturing a 42.4% and 13.6% share of the overall cybersecurity deal activity for the quarter.

In terms of value of cybersecurity deals, private equity was the leading category in Spain’s technology industry with $1.04bn, while M&A and venture financing deals totalled $380.13m and $152.39m, respectively.

Europe technology industry cybersecurity deals in Q4 2020: Top deals

The top five technology cybersecurity deals accounted for an 89.7% share of the overall value during Q4 2020.

The combined value of the top five cybersecurity deals stood at $1.42bn, against the overall value of $1.58bn recorded for the quarter.

The top five technology industry cybersecurity deals of Q4 2020 tracked by GlobalData were:

1) WCM Investment Management’s $984.44m private equity deal with Amadeus IT Group

2) The $360m acquisition of Avira Operations GmbHKG by NortonLifeLock

3) Andy Bell, IPGL, Lance Uggla and Lord Rose’s $23.95m private equity deal with Glasswall Solutions

4) 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

5) ACE Management, Nouvelle-Aquitaine Co-Investissement and Open CNP’s venture financing with Tehtris-Security for $23.58m.

Verdict deals analysis methodology

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.

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