France’s technology industry saw a drop of 43.9% in overall deal activity during April 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 23 deals worth $82.22m were announced in April 2020, compared to the 12-month average of 41 deals.

Venture financing was the leading category in the month in terms of volume with 11 deals which accounted for 47.8% of all deals.

In second place was M&A with nine deals, followed by private equity with three transactions, respectively accounting for 39.1% and 13.04% of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, private equity was the leading deal category in France’s technology industry with total deals worth $63.45m, followed by M&A deals totalled $18.77m.

France technology industry deals in April 2020: Top deals

The top five technology industry deals accounted for 85.7% of the overall value during April 2020.

The combined value of the top five technology deals stood at $70.47m, against the overall value of $82.22m recorded for the month.

The top five technology industry deals of April 2020 tracked by GlobalData were:

1) Alpha Capital Partners, AXA Venture Partners, Entrepreneur Venture Gestion and Orange Ventures’ $27.1m venture financing of InsideBoard

2) The $16.5m acquisition of Lixoft by Simulations Plus

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3) Alliance Entreprendre, Arkea, IDInvest Partners, Sofi Ouest and Swen Capital Partners’ $14.53m venture financing of Andjaro

4) The $8m venture financing of Acinq by Bpifrance, IDInvest Partners and Serena Capital

5) Breega Capital and LocalGlobe’s venture financing of Libeo for $4.35m.

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.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.