Europe’s technology industry saw a rise of 50.26% in cross border 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 284 technology industry cross border deals worth $20.31bn were announced for the region in March 2021, against the 12-month average of 189 deals.
Of all the deal types, M&A saw most activity in March 2021 with 135 transactions, representing a 47.5% share for the region.
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By GlobalDataIn second place was venture financing with 118 deals, followed by private equity deals with 31 transactions, respectively capturing a 41.6% and 10.9% 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 $12.21bn, while private equity and venture financing deals totalled $5.83bn and $2.27bn, respectively.
Europe technology industry cross border deals in March 2021: Top deals
The top five technology cross border deals accounted for 57.7% of the overall value during March 2021.
The combined value of the top five technology cross border deals stood at $11.72bn, against the overall value of $20.31bn recorded for the month.
The top five technology industry cross border 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.
