The UK technology industry saw a rise of 4.4% in overall deal activity during July 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 118 deals worth $8.73bn were announced in July 2020, compared to the 12-month average of 113 deals.

Venture financing was the leading category in the month in terms of volume with 68 deals which accounted for 57.6% of all deals.

In second place was M&A with 38 deals, followed by private equity with 12 transactions, respectively accounting for 32.2% and 10.2% 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 $8.05bn, while venture financing and private equity deals totalled $669.58m and $11.7m, respectively.

UK technology industry deals in July 2020: Top deals

The top five technology industry deals accounted for 93.1% of the overall value during July 2020.

The combined value of the top five technology deals stood at $8.13bn, against the overall value of $8.73bn recorded for the month.

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

1) The merger of Clarivate Analytics (US) and CPA Global for $6.8bn

2) The $1bn acquisition of OneWeb by Bharti Global, UK Secretary of State for Business and Energy and Industrial Strategy

3) One Equity Partners’s $200m venture financing of Infobip

4) The $78.59m acquisition of Weare4C UK by Wipro Biomed

5) Balderton Capital (UK), Index Ventures and Ontario Teachers’ Pension Plan’s venture financing of IVXS for $50m.

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.