1. Deals Analysis
February 17, 2021

UK technology industry sees a drop of 17.29% in deal activity in January 2021

By Carmen

UK technology industry saw a drop of 17.29% in overall deal activity during January 2021, when compared with the last 12-month average, led by John Wiley & Sons’ $298m acquisition of Hindawi, according to GlobalData’s deals database.

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A total of 110 deals worth $861.67m were announced in January 2021, compared with the 12-month average of 133 deals.

venture financing was the leading category in the month in terms of volume with 54 deals, which accounted for 49.1% of all deals.

In second place was M&A with 43 deals, followed by private equity with 13 transactions, respectively accounting for 39.1% and 11.8% of overall deal activity in the UK technology industry during the month.

In terms of value of deals, venture financing was the leading deal category in the UK technology industry with total deals worth $546.74m, while M&A and private equity deals totalled $309.05m and $5.88m respectively.

UK technology industry deals in January 2021: Top deals

The top five technology industry deals accounted for 81.4% of the overall value during January 2021.

The combined value of the top five technology deals stood at $701.58m, against the overall value of $861.67m recorded for the month.

The top five technology industry deals of January 2021 tracked by GlobalData were:

1) John Wiley & Sons’ $298m acquisition of Hindawi

2) The $180m venture financing of Roofoods by Amazon.com

3) Fuel Venture Capital, IDC Ventures, Novum Capital Beratungsgesellschaft, OneMain Financial Holdings and Vulcan Capital Management’s $95m venture financing of Curve OS

4) The $81.58m venture financing deal with GB News by Discovery, Legatum Capital and Paul Marshall

5) BP Ventures, Business Growth Fund, Doxa Partners, Halma, HostPlus, IP Group, Palo Alto Venture Partners and Tencent Holdings’ venture financing with Oxbotica for $47m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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.

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