The UK technology industry saw a rise of 9.4% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 116 deals worth $2.14bn were announced in June 2019, compared to the 12-month average of 106 deals.
Venture financing was the leading category in the month in terms of volume with 59 deals which accounted for 50.9% of all deals.
In second place was M&A with 43 deals, followed by private equity with 14 transactions, respectively accounting for 37.1% and 12.1% 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 $952.41m, while venture financing and private equity deals totalled $798.45m and $389.04m, respectively.
UK technology industry deals in June 2019: Top deals
The top five technology industry deals accounted for 74.8% of the overall value during June 2019.
The combined value of the top five technology industry deals stood at $1.6bn, against the overall value of $2.14bn recorded for the month. The top announced UK technology industry deal tracked by GlobalData in June 2019 was MEIF six Fibre’s $709.38m private equity deal with KCOM Group.
In second place was the $623.05m asset transaction with Gamesys by JPJ Group and in third place was Blue Prism Group’s $100.3m acquisition of Thoughtonomy.
The $99.28m acquisition of Scisys by CGI Group Holdings Europe and Fairview Equity Partners and Silversmith Capital Partners’ private equity deal with Unily for $68m held fourth and fifth positions, respectively.
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.