Europe’s technology industry saw a rise of 37.86% in cross border deal activity during June 2021, when compared with the last 12-month average, led by Altice UK $3.11bn acquisition of 12.1% stake in BT Group, according to GlobalData’s deals database.
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A total of 284 technology industry cross border deals worth $13.3bn were announced for the region in June 2021, against the 12-month average of 206 deals.
Of all the deal types, venture financing saw most activity in June 2021 with 124 transactions, representing a 43.7% share for the region.
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By GlobalDataIn second place was M&A with 121 deals, followed by private equity deals with 39 transactions, respectively capturing a 42.6% and 13.7% 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 $8.84bn, while venture financing and private equity deals totalled $3.42bn and $1.08bn, respectively.
Europe technology industry cross border deals in June 2021: Top deals
The top five technology cross border deals accounted for 63.2% of the overall value during June 2021.
The combined value of the top five technology cross border deals stood at $8.44bn, against the overall value of $13.3bn recorded for the month.
The top five technology industry cross border deals of June 2021 tracked by GlobalData were:
1) Altice UK $3.11bn acquisition of 12.1% stake in BT Group
2) The $1.63bn acquisition deal with Depop by Etsy
3) Electronic Arts’ $1.4bn acquisition of Playdemic
4) The $1.3bn acquisition of Allocate Software by RLDatix
5) Arena Holdings, Durable Capital Partners, Franklin Templeton Investments, Splunk Ventures and T Rowe Price Associates’ venture financing of Celonis for $1bn.
