The UK technology industry saw a drop of 1.8% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 108 deals worth $1.29bn were announced in January 2020, compared to the 12-month average of 110 deals.

Venture financing was the leading category in the month in terms of volume with 66 deals which accounted for 61.1% of all deals.

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In second place was M&A with 32 deals, followed by private equity with ten transactions, respectively accounting for 29.6% and 9.3% 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 $600.96m, while private equity and venture financing deals totalled $480.03m and $209.36m, respectively.

UK technology industry deals in January 2020: Top deals

The top five technology industry deals accounted for 55.2% of the overall value during January 2020.

The combined value of the top five technology deals stood at $711.92m, against the overall value of $1.29bn recorded for the month.

The top five technology industry deals of January 2020 tracked by GlobalData were:

1) CityFibre’s $259.92m acquisition of Bolt Pro Tem and FibreNation

2) The $150m venture financing of Snyk by Accel, Amity Ventures, Boldstart Ventures, Canaan Venture, Coatue Management, GV Management Co, Salesforce Ventures, Stripes, Tiger Global Management and Trend Forward Capital

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3) John Wiley & Sons’s $129m acquisition of M Three Corporate Consulting

4) The $100m private equity deal with Options Technology by ABRY Partners

5) Augmentum Fintech, Canadian Imperial Bank of Commerce, Insight Partners and Kennet Partners’ venture financing of Receipt Bank for $73m.

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.