The UK technology industry saw a drop of 28.7% in overall deal activity during August 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 77 deals worth $5.38bn were announced in August 2019, compared to the 12-month average of 108 deals.
M&A was the leading category in the month in terms of volume with 34 deals which accounted for 44.2% of all deals.
In second place was venture financing with 31 deals, followed by private equity with 12 transactions, respectively accounting for 40.3% and 15.6% of overall deal activity in the country’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in the UK technology industry with total deals worth $2.93bn, while venture financing and private equity deals totalled $2.32bn and $136.14m, respectively.
UK technology industry deals in August 2019: Top deals
The top five technology industry deals accounted for 91.8% of the overall value during August 2019.
The combined value of the top five technology deals stood at $4.94bn, against the overall value of $5.38bn recorded for the month.
The top five technology industry deals of August 2019 tracked by GlobalData were:
1) Jiangsu Shagang Group’s $2.2bn acquisition of Global Switch Holdings
2) The $2.1bn private equity deal with Presidio by BC Partners
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3) adept4’s $385.52m acquisition of Cloudcoco
4) The $141.2m acquisition of Osmanthus Vale by 7Road
5) Aptean’s acquisition of Sanderson Group for $109.67m.
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.