The UK technology industry saw a drop of 1.8% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 111 deals worth $1.8bn were announced in June 2020, compared to the 12-month average of 113 deals.
Venture financing was the leading category in the month in terms of volume with 62 deals which accounted for 55.9% of all deals.
In second place was M&A with 35 deals, followed by private equity with 14 transactions, respectively accounting for 31.5% and 12.6% 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 $1.03bn, while private equity and venture financing deals totalled $506.73m and $260.99m, respectively.
UK technology industry deals in June 2020: Top deals
The top five technology industry deals accounted for 72.3% of the overall value during June 2020.
The combined value of the top five technology deals stood at $1.3bn, against the overall value of $1.8bn recorded for the month.
The top five technology industry deals of June 2020 tracked by GlobalData were:
1) Elliott Management, Evergreen Coast Capital and Siris Capital Group’s $500m private equity deal with Travelport Worldwide
2) The $353.08m acquisition of Moka International by T.C.L. Industries Holdings (H.K.)
3) Investment Managementof Ontario and Stonepeak Infrastructure Partners’ $278.91m private equity deal with euNetworks Group
4) The $100m private equity deal with Darktrace by KKR &Inc and Summit Partners
5) Access UK’s acquisition of Eclipse Legal Systems for $70.5m.
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.