France’s technology industry saw a drop of 7.1% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 39 deals worth $630.74m were announced in January 2020, compared to the 12-month average of 42 deals.

Venture financing was the leading category in the month in terms of volume with 24 deals which accounted for 61.5% of all deals.

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In second place was M&A with 12 deals, followed by private equity with three transactions, respectively accounting for 30.8% and 7.7% of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in France’s technology industry with total deals worth $238.94m, while private equity and venture financing deals totalled $200m and $191.81m, respectively.

France technology industry deals in January 2020: Top deals

The top five technology industry deals accounted for 83.9% of the overall value during January 2020.

The combined value of the top five technology deals stood at $528.94m, against the overall value of $630.74m recorded for the month.

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

1) Glory Global Solutions (International)’s $220.44m acquisition of Acrelec Group

2) The $200m private equity deal with EcoVadis by CVC Growth Partners Fund II

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3) Bpifrance Large Venture, Famille C, Goldman Sachs Growth Equity, IDInvest Partners and Iris Capital Management’s $70m venture financing of LumApps

4) The $20m venture financing of KIT United(Hivebrite) by Insight Partners

5) Cornerstone OnDemand’s acquisition of Clustree for $18.5m.

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.