France’s technology industry saw a rise of 40.6% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 45 deals worth $6.16bn were announced in June 2019, compared to the 12-month average of 32 deals.
Venture financing was the leading category in the month in terms of volume with 32 deals which accounted for 71.1% of all deals.
In second place was M&A with 12 deals, followed by private equity with one transactions, respectively accounting for 26.7% and 2.2% 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 $5.68bn, while venture financing and private equity deals totalled $328.63m and $145.72m, respectively.
France technology industry deals in June 2019: Top deals
The top five technology industry deals accounted for 97.9% of the overall value during June 2019.
The combined value of the top five technology industry deals stood at $6.03bn, against the overall value of $6.16bn recorded for the month. The top announced France technology industry deal tracked by GlobalData in June 2019 was Capgemini’s $5.68bn acquisition of Altran Technologies.
In second place was the $145.72m private equity deal with Agence pour la diffusion de l information technologique by Parquest Capital and in third place was General Catalyst Partners’ $79.24m venture financing of Vade Secure.
The $79m venture financing of PayFit by Accel, Eurazeo, FRST, Bpifrance Financement and Xavier Niel and Brighteye Ventures, IDInvest Partners and Bpifrance Financement’s venture financing of Ornikar for $40m held fourth and fifth positions, respectively.
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.