1. Deals Analysis
November 29, 2020updated 01 Dec 2020 4:42pm

Europe’s technology industry sees 165.40% a rise in cross border deal activity in Q3 2020

Led by NVIDIA’s $40bn acquisition of ARM, Europe’s technology industry saw a rise of 165.40% in cross border deal activity during Q3 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

A total of 495 cross border deals worth $71.18bn were announced for the region during Q3 2020, against the last four-quarter average of 512 deals.

Of all the cross border deal types, M&A saw most activity in Q3 2020 with 235, representing a 47.5% share for the region.

In second place was venture financing with 194 cross border deals, followed by private equity deals with 66 transactions, respectively capturing a 39.2% and 13.3% 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 $62.13bn, while private equity and venture financing deals totalled $6.6bn and $2.45bn, respectively.


Top cross border deals in Europe’s technology industry in Q3 2020

The top five technology cross border deals accounted for 86.8% of the overall value during Q3 2020.

The combined value of the top five cross border deals stood at $61.77bn, against the overall value of $71.18bn recorded for the quarter.

The top five technology industry cross border deals of Q3 2020 tracked by GlobalData were:

1) NVIDIA’s $40bn acquisition of ARM

2) The $7.43bn acquisition of Sunrise Communications by Liberty Global

3) $6.8bn merger of Clarivate Analytics (US) and CPA Global

4) The $4.14bn acquisition of PLAY Communications by Iliad

5) EQT IX Fund, EQT VIII and TA Associates Management’s private equity deal with IFS for $3.39bn.

Verdict deals analysis methodology

This analysis considers only announced and completed 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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