Led by $1.6bn acquisition of 7.6% stake in Yandex, Europe’s technology industry saw a rise of 26.76% in artificial intelligence deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 212 artificial intelligence deals worth $5.05bn were announced for the region during Q1 2021, against the last four-quarter average of 167.25 deals.
Of all the deal types, venture financing saw most activity in Q1 2021 with 141 deals, representing a 66.5% share for the region.
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By GlobalDataIn second place was M&A with 60 deals, followed by private equity deals with 11 transactions, respectively capturing a 28.3% and 5.2% share of the overall artificial intelligence deal activity for the quarter.
In terms of value of artificial intelligence deals, M&A was the leading category in Europe’s technology industry with $3.37bn, while venture financing and private equity deals totalled $1.56bn and $116.07m, respectively.
Europe technology industry artificial intelligence deals in Q1 2021: Top deals
The top five technology artificial intelligence deals accounted for a 75.7% share of the overall value during Q1 2021.
The combined value of the top five artificial intelligence deals stood at $3.82bn, against the overall value of $5.05bn recorded for the quarter.
The top five technology industry artificial intelligence deals of Q1 2021 tracked by GlobalData were:
1) Janus Henderson Group’s $1.6bn acquisition of 7.6% stake in Yandex
2) The $1bn acquisition of Adjust by AppLovin
3) 70Ventures and Practica Capital UAB’s $610.8m venture financing of Biomatter Designs
4) The $450m acquisition deal with Runtime Collective by Cision
5) Medallia’s acquisition of Decibel Insight for $160m.
