France’s technology industry saw a rise of 31.25% in overall cross border deal activity during February 2021, when compared with the last 12-month average, led by Cellnex Telecom’s $6.27bn acquisition of Hivory, according to GlobalData’s deals database.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 21 cross border deals worth $6.51bn were announced in February 2021, compared with the 12-month average of 16 deals.
M&A was the leading category in the month in terms of volume with ten deals, which accounted for 47.6% of all cross border deals.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was venture financing with eight cross border deals, followed by private equity with three transactions, respectively accounting for 38.1% and 14.3% of overall deal activity in the France’s technology industry during the month.
In terms of value of cross border deals, M&A was the leading deal category in France’s technology industry with total deals worth $6.38bn, followed by venture financing deals totalled $127.86m.
France technology industry cross border deals in February 2021: Top deals
The top five technology industry cross border deals accounted for 99.2% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $6.45bn, against the overall value of $6.51bn recorded for the month.
The top five technology industry cross border deals of February 2021 tracked by GlobalData were:
1) Cellnex Telecom’s $6.27bn acquisition of Hivory
2) The $98m acquisition of Alsid by Tenable
3) Accel, Alexis Ohanian, Antoine Griezmann, Benchmark Capital, Gary Vaynerchuk and Rio Ferdinand’s $48.61m venture financing of Sorare
4) The $24.25m venture financing deal with Libeo by Breega Capital, DST Global, LocalGlobe and Serena Capital
5) Zordix’s acquisition of Just For Games for $16.87m.
