1. Deals Analysis
December 15, 2020

UK technology industry sees a rise of 10.3% in deal activity in November 2020

By Carmen

The UK technology industry saw a rise of 10.3% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 129 deals worth $58.35bn were announced in November 2020, compared to the 12-month average of 117 deals.

Venture financing was the leading category in the month in terms of volume with 73 deals which accounted for 56.6% of all deals.

In second place was M&A with 46 deals, followed by private equity with ten transactions, respectively accounting for 35.7% and 7.8% 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 $57.7bn, while private equity and venture financing deals totalled $582.04m and $73.45m, respectively.

UK technology industry deals in November 2020: Top deals

The top five technology industry deals accounted for 98.9% of the overall value during November 2020.

The combined value of the top five technology deals stood at $57.7bn, against the overall value of $58.35bn recorded for the month.

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

1) S&P Global’s $44bn acquisition of IHS Markit

2) The $11.69bn asset transaction with CK Hutchison Holdings by Cellnex Telecom

3) Take-Two Interactive Software’s $999.12m acquisition of Codemasters Group

4) The $888.08m acquisition of GoCo Group by Future

5) Accel, Coatue Management, DFJ Growth Management, IVP, Northzone Ventures, Salesforce Ventures, Seedcamp and Tiger Global Management’s venture financing of Hopin for $125m.

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.

 

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.