The UK technology industry saw a rise of 6.4% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 335 deals worth $6.54bn were announced in Q2 2019, compared to the last four-quarter average of 315 deals.
Venture financing was the leading category in the quarter with 171 deals which accounted for 51.04% of all deals.
In second place was M&A with 124 deals, followed by private equity with 40 transactions, respectively accounting for 37.01% and 11.9% of overall deal activity in the country’s technology industry during the quarter.
In terms of value of deals, M&A was the leading deal category in the UK technology industry with total deals worth $4.78bn, while private equity and venture financing deals totalled $933.77m and $830.97m, respectively.
The UK technology industry deals in Q2 2019: Top deals
The top five technology deals accounted for 70.2% of the overall value during Q2 2019.
The combined value of the top five technology industry deals stood at $4.59bn, against the overall value of $6.54bn recorded for the quarter. The top announced UK technology industry deal tracked by GlobalData in Q2 2019 was Ion Investment Group’s $1.76bn acquisition of Acuris Group.
In second place was the $771.85m acquisition of Unicorn Investment by JMU and in third place was Humber Bidco’s $734.7m acquisition of KCOM Group.
The $709.38m private equity deal with KCOM Group by MEIF six Fibre and JPJ Group’s asset transaction with Gamesys for $623.05m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
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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.