Italy’s technology industry saw a drop of 42.9% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 20 deals worth $114.79m were announced in Q4 2019, compared to the last four-quarter average of 35 deals.

Venture financing was the leading category in the quarter with 11 deals which accounted for 55% of all deals.

In second place was M&A with seven deals, followed by private equity with two transactions, respectively accounting for 35% and 10% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Italy’s technology industry with total deals worth $81.44m, followed by venture financing deals totalled $33.35m.

Italy technology industry deals in Q4 2019: Top deals

The top five technology deals accounted for 96.1% of the overall value during Q4 2019.

The combined value of the top five technology deals stood at $110.36m, against the overall value of $114.79m recorded for the month.

The top five technology industry deals of Q4 2019 tracked by GlobalData were:

1) Retelit Digital Services’ $81.44m acquisition of Partners Associates

2) The $21.95m venture financing of CASAVO Management by Greenoaks Capital Management

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3) 360 Capital Partners, Andreas Mihalovits and Guillaume Penot’s $2.55m venture financing of Xceed

4) The $2.23m venture financing of Buzzoole by Digital Magics, Fabrizio Perrone, Gennaro Varriale, Tamburi Investment Partners and Vertis Venture

5) P101 SGR’s venture financing of Osteocom.net for $2.2m.

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.