Europe’s technology industry saw a rise of 5.20% in cross border deal activity during November 2020, when compared with the last 12-month average, led by S&P Global’s $44bn acquisition of IHS Markit, according to GlobalData’s deals database.
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A total of 182 technology industry cross border deals worth $60.63bn were announced for the region in November 2020, against the 12-month average of 173 deals.
Of all the deal types, M&A saw most activity in November 2020 with 99 transactions, representing a 54.4% share for the region.
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In second place was venture financing with 62 deals, followed by private equity deals with 21 transactions, respectively capturing a 34.1% and 11.5% 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 $58.75bn, while venture financing and private equity deals totalled $1.11bn and $761.99m, respectively.
Europe technology industry cross border deals in November 2020: Top deals
The top five technology cross border deals accounted for 95.1% of the overall value during November 2020.
The combined value of the top five technology cross border deals stood at $57.64bn, against the overall value of $60.63bn recorded for the month.
The top five technology industry cross border deals of November 2020 tracked by GlobalData were:
1) S&P Global’s $44bn acquisition of IHS Markit
2) The $11.69bn asset transaction deal with CK Hutchison Holdings by Cellnex Telecom
3) Take-Two Interactive Software’s $999.12m acquisition of The Codemasters SoftwareLtd
4) The $590.87m asset transaction with Patricia Industries by CKH Networks Europe
5) Novalpina Capital’s private equity deal with Laboratoire X.O. for $356.18m.