1. Deals Analysis
August 30, 2021

Technology industry M&A deals total $10bn in Europe in July 2021

By Carmen

Total technology industry M&A deals worth $10bn were announced in Europe in July 2021, led by Xavier Niel’s $3.7bn acquisition of Iliad, according to GlobalData’s deals database.

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The value marked an increase of 3.5% over the previous month of $9.62bn and a drop of 35.4% when compared with the last 12-month average of $15.41bn.

Europe held a 24.41% share of the global technology industry M&A deal value that totalled $40.81bn in July 2021. With a 9.73% share and deals worth $3.97bn, the UK was the top country in Europe’s M&A deal value across technology industry.

In terms of M&A deal activity, Europe recorded 218 deals during July 2021, marking an increase of 0.46% over the previous month and a rise of 13.54% over the 12-month average. The UK recorded 57 deals during the month.

Europe technology industry M&A deals in July 2021: Top deals

The top five technology industry M&A deals accounted for 80% of the overall value during July 2021.

The combined value of the top five technology deals stood at $7.96bn, against the overall value of $10bn recorded for the month.

The top five technology industry M&A deals of July 2021 tracked by GlobalData were:

1) Iliad $3.7bn acquisition deal with Xavier Niel

2) The $1.26bn acquisition of 91.25% stake in Sumo Group by Sixjoy Hong Kong

3) Daily Mail & General Trust $1.13bn acquisition deal for 70% stake in Rothermere Continuation

4) Restore $1.01bn acquisition deal with Marlowe

5) The $857.66m acquisition of Green Mountain by Azrieli Group

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.