1. Deals Analysis
May 16, 2022

Technology industry private equity deals total $516.8m in Europe in April 2021

By Carmen

Led by 3i Infrastructure’s $209.16m private equity deal with DNS:NET Internet Service, total technology industry private equity deals worth $516.8m were announced in Europe in April 2021, according to GlobalData’s deals database.

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The value marked a decrease of 93.4% over the previous month of $7.85bn and a drop of 87.7% when compared with the last 12-month average of $4.19bn.

Europe held a 1.25% share of the global technology industry private equity deal value that totalled $41.22bn in April 2021. With a 0.52% share and deals worth $214.88m, 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 31 deals during April 2021, marking a decrease of 57.53% over the previous month and a drop of 39.22% over the 12-month average. The UK recorded 14 deals during the month.

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

The top five technology industry private equity deals accounted for 82.1% of the overall value during April 2021.

The combined value of the top five technology private equity deals stood at $424.44m, against the overall value of $516.8m recorded for the month.

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

1) 3i Infrastructure $209.16m private equity deal with DNS:NET Internet Service

2) The $67.48m private equity of Quickline Communications by Northleaf Capital Partners

3) Horizon Capital $55.39m private equity deal with Modern Networks

4) The $50m private equity of Sequans Communications by Lynrock Lake Master Fund

5) Creades $42.41m private equity deal with Pricerunner Sweden

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.

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