1. Deals Analysis
August 23, 2021

Europe’s technology industry saw a rise of 7.51% in deal activity during July 2021

By Carmen

Europe’s technology industry saw a rise of 7.51% in deal activity during July 2021, when compared with the last 12-month average, led by Xavier Niel’s $3.7bn acquisition of Iliad, according to GlobalData’s deals database.

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A total of 530 technology industry deals worth $17.4bn were announced for the region in July 2021, against the 12-month average of 493 deals.

Of all the deal types, venture financing saw most activity in July 2021 with 253 transactions, representing a 47.7% share for the region.

In second place was M&A with 218 deals, followed by private equity deals with 59 transactions, respectively capturing a 41.1% and 11.1% 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 $9.96bn, while private equity and venture financing deals totalled $4.05bn and $3.43bn, respectively.

Europe technology industry deals in July 2021: Top deals

The top five technology deals accounted for 53.7% of the overall value during July 2021.

The combined value of the top five technology deals stood at $9.35bn, against the overall value of $17.4bn recorded for the month.

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

1) Iliad $3.7bn acquisition deal with Xavier Niel

2) The $2.25bn private equity of 10.2% stake in Adevinta by Permira

3) Sumo Group $1.26bn acquisition deal for 91.25% stake with Sixjoy Hong Kong

4) The $1.01bn acquisition of Restore by Marlowe

5) Daily Mail & General Trust $1.13bn acquisition deal for 70% stake with Rothermere Continuation

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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