1. Deals Analysis
March 30, 2021

UK technology industry sees a rise of 10.37% in deal activity in February 2021

By Carmen

UK technology industry saw a rise of 10.37% in overall deal activity during February 2021, when compared with the last 12-month average, led by Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor, according to GlobalData’s deals database.

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A total of 149 deals worth $8.18bn were announced in February 2021, compared with the 12-month average of 135 deals.

venture financing was the leading category in the month in terms of volume with 77 deals, which accounted for 51.7% of all deals.

In second place was M&A with 55 deals, followed by private equity with 17 transactions, respectively accounting for 36.9% and 11.4% of overall deal activity in the UK 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 $6.79bn, while private equity and venture financing deals totalled $1.01bn and $379.52m respectively.

UK technology industry deals in February 2021: Top deals

The top five technology industry deals accounted for 93.6% of the overall value during February 2021.

The combined value of the top five technology deals stood at $7.66bn, against the overall value of $8.18bn recorded for the month.

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

1) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor

2) The $484.14m private equity deal with Aquila Heywood by SCSp and BlackRock Long Term Private Capital

3) Cision’s $450m acquisition of Runtime Collective

4) The $417.57m private equity deal with Node4 by Providence Equity Partners

5) CrowdStrike Holdings’ acquisition of Humio for $400m.

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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