Led by $6.27bn acquisition of Hivory, France’s technology industry saw a rise of 25.65% in overall cross border deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 60 cross border deals worth $10.44bn were announced in Q1 2021, compared with the last four-quarter average of 47.75 deals.
venture financing was the leading category in the quarter with 30 cross border deals which accounted for 50% of all deals.
In second place was M&A with 25 deals, followed by private equity with five transactions, respectively accounting for 41.7% and 8.3% of overall cross border deal activity in the France’s technology industry during the quarter.
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In terms of value of cross border deals, M&A was the leading deal category in France’s technology industry with total deals worth $6.65bn, while private equity and venture financing deals totalled $2.4bn and $1.39bn, respectively.
France technology industry cross border deals in Q1 2021: Top deals
The top five technology industry cross border deals accounted for 93.3% of the overall value during Q1 2021.
The combined value of the top five technology cross border deals stood at $9.74bn, against the overall value of $10.44bn recorded for the quarter.
The top five technology industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Cellnex Telecom’s $6.27bn acquisition of Hivory
2) The $2.4bn private equity deal with Talend by Thoma Bravo
3) Bpifrance – Fund Ambition boot Angels F3A, Kima Ventures and Y Combinator’s $847.69m venture financing of Skypher
4) The $121.56m acquisition deal with Finance Active by Altus Group
5) Accel, Bpifrance Large Venture, Eurazeo Growth and Xavier Niel’s venture financing with PayFit for $107.26m.