The UK technology industry saw a drop of 4.7% in overall deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 102 deals worth $647.4m were announced in July 2019, compared to the 12-month average of 107 deals.
Venture financing was the leading category in the month in terms of volume with 60 deals which accounted for 58.8% of all deals.
In second place was M&A with 29 deals, followed by private equity with 13 transactions, respectively accounting for 28.4% and 12.8% of overall deal activity in the country’s technology industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the UK technology industry with total deals worth $314.46m, while private equity and venture financing deals totalled $296.09m and $36.86m, respectively.
UK technology industry deals in July 2019: Top deals
The top five technology industry deals accounted for 52.2% of the overall value during July 2019.
The combined value of the top five technology deals stood at $338.15m, against the overall value of $647.4m recorded for the month.
The top five technology industry deals of July 2019 tracked by GlobalData were:
1) Ares Capital and LDC (Managers)’s $127.03m private equity deal with Onecom
2) The $62.7m private equity deal with Community Fibre by Amber Infrastructure and Rpmi
3) K1 Investment Management’s $60m private equity deal with Graduway
4) The $55m venture financing of ContractPod Technologies by Eagle Proprietary Investments and Insight Partners
5) Clairvest Equity Partners V and Clairvest Group’s private equity deal with FSB Technology (UK) for $33.42m.
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.