Europe’s technology industry saw a drop of 0.3 percent in overall deal activity during the third quarter of 2019 when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 1023 deals worth $21.18 billion were announced for the region during the third quarter of 2019, against the last four-quarter average of 1020 deals.
Of all the deal types, venture financing saw the most activity in the third quarter of 2019 with 465, representing a 45.5 percent share for the region.
In second place was M&A with 437 deals, followed by private equity deals with 121 transactions, respectively capturing a 42.7 percent and 11.8 percent share of the overall deal activity for the quarter.
In terms of the value of deals, M&A was the leading category in Europe’s technology industry with $13.73 billion, while private equity and venture financing deals totalled $4.96 billion and $2.49 billion, respectively. The top five technology deals accounted for 65.9 percent of the overall value during the third quarter of 2019.
The combined value of the top five technology deals stood at $13.96 billion, against the overall value of $21.18 billion recorded for the quarter.
The top five technology industry deals of the third quarter of 2019 tracked by GlobalData were:
- Infrastrutture Wireless Italiane’s $5.87 billion asset transaction with Vodafone Italia
- The $2.69 billion acquisition of Webhelp Groupe by Groupe Bruxelles Lambert
- Jiangsu Shagang Group’s $2.2 billion acquisition of Global Switch Holdings
- The $2.1 billion private equity deal with Presidio by BC Partners
- EQT Infrastructure IV Fund’s private equity deal with Inexio BeteiligungsKGaA for $1.09 billion.
