1. Deals Analysis
April 26, 2021

Europe’s technology industry saw a rise of 31.07% in deal activity during March 2021

By Carmen

Europe’s technology industry saw a rise of 31.07% in deal activity during March 2021, when compared with the last 12-month average, led by Ballys’ $3.21bn acquisition of Gamesys Group, according to GlobalData’s deals database.

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A total of 599 technology industry deals worth $22.41bn were announced for the region in March 2021, against the 12-month average of 457 deals.

Of all the deal types, venture financing saw most activity in March 2021 with 296 transactions, representing a 49.4% share for the region.

In second place was M&A with 232 deals, followed by private equity deals with 71 transactions, respectively capturing a 38.7% and 11.9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s technology industry with $12.85bn, while private equity and venture financing deals totalled $5.97bn and $3.59bn, respectively.

Europe technology industry deals in March 2021: Top deals

The top five technology deals accounted for 52.3% of the overall value during March 2021.

The combined value of the top five technology deals stood at $11.72bn, against the overall value of $22.41bn recorded for the month.

The top five technology industry deals of March 2021 tracked by GlobalData were:

1) Ballys’ $3.21bn acquisition of Gamesys Group

2) The $2.5bn acquisition deal with Itiviti Group by Broadridge Financial Solutions

3) Thoma Bravo’s $2.4bn private equity deal with Talend

4) The $2bn private equity deal with Unit four by Partners Group and TA Associates Management

5) The merger of Ajax I and Cazoo for $1.61bn.

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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