Led by $6.27bn acquisition of Hivory, Europe’s technology industry saw a rise of 36.12% in cross border 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 748 cross border deals worth $46.15bn were announced for the region during Q1 2021, against the last four-quarter average of 549.50 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 379 deals, representing a 50.7% share for the region.
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In second place was venture financing with 297 deals, followed by private equity deals with 72 transactions, respectively capturing a 39.7% and 9.6% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in Europe’s technology industry with $31.85bn, while private equity and venture financing deals totalled $7.86bn and $6.45bn, respectively.
Europe technology industry cross border deals in Q1 2021: Top deals
The top five technology cross border deals accounted for a 43.9% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $20.28bn, against the overall value of $46.15bn recorded for the quarter.
The top five technology industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Cellnex Telecom’s $6.27bn acquisition of Hivory
2) The $5.9bn acquisition of Dialog Semiconductor by Renesas Electronics
3) Ballys’ $3.21bn acquisition of Gamesys Group
4) The $2.5bn acquisition deal with Itiviti Group by Broadridge Financial Solutions
5) Thoma Bravo’s private equity with Talend for $2.4bn.