Europe’s technology industry saw a rise of 16.94% in cross border deal activity during February 2021, when compared with the last 12-month average, led by Cellnex Telecom’s $6.27bn acquisition of Hivory, according to GlobalData’s deals database.
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A total of 214 technology industry cross border deals worth $17.82bn were announced for the region in February 2021, against the 12-month average of 183 deals.
Of all the deal types, M&A saw most activity in February 2021 with 113 transactions, representing a 52.8% share for the region.
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In second place was venture financing with 85 deals, followed by private equity deals with 16 transactions, respectively capturing a 39.7% and 7.5% 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 $15.63bn, while venture financing and private equity deals totalled $1.15bn and $1.04bn, respectively.
Europe technology industry cross border deals in February 2021: Top deals
The top five technology cross border deals accounted for 80.9% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $14.42bn, against the overall value of $17.82bn recorded for the month.
The top five technology industry cross border deals of February 2021 tracked by GlobalData were:
1) Cellnex Telecom’s $6.27bn acquisition of Hivory
2) The $5.9bn acquisition deal with Dialog Semiconductor by Renesas Electronics
3) AppLovin’s $1bn acquisition of Adjust
4) The $765m acquisition of Easybrain by Embracer Group
5) SCSp and BlackRock Long Term Private Capital’s private equity deal with Aquila Heywood for $484.14m.