1. Deals Analysis
March 18, 2021

Technology industry private equity deals total $1.08bn in Europe in February 2021

By Carmen

Led by SCSp and BlackRock Long Term Private Capital’s $484.14m private equity deal with Aquila Heywood, total technology industry private equity deals worth $1.08bn were announced in Europe in February 2021, according to GlobalData’s deals database.

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The value marked an increase of 730.7% over the previous month of $132.08m and a drop of 70.7% when compared with the last 12-month average of $3.69bn.

Europe held a 4.89% share of the global technology industry private equity deal value that totalled $22.09bn in February 2021. With a 4.57% share and deals worth $1.01bn, the UK was the top country in Europe’s private equity deal value across technology industry.

In terms of private equity deal activity, Europe recorded 39 deals during February 2021, marking a decrease of 17.02% over the previous month and a drop of 20.41% over the 12-month average. The UK recorded 17 deals during the month.

Europe technology industry private equity deals in February 2021: Top deals

The top five technology industry private equity deals accounted for 97.8% of the overall value during February 2021.

The combined value of the top five technology private equity deals stood at $1.06bn, against the overall value of $1.08bn recorded for the month.

The top five technology industry private equity deals of February 2021 tracked by GlobalData were:

1) SCSp and BlackRock Long Term Private Capital’s $484.14m private equity deal with Aquila Heywood

2) The $417.57m private equity deal with Node4 by Providence Equity Partners

3) Great Hill Partners’$85.1m private equity deal with BigChange Apps

4) The $48.5m private equity deal with Prandium by Tiger Global Management

5) Bridgepoint Advisers’ private equity deal with Ascential for $20.74m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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.

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