Welcome to the fifth edition of the North East: M&A Technology Sector Snapshot – a joint production from Ryecroft Glenton Corporate Finance and Mercia Asset Management PLC.
We publish a snapshot each quarter to provide information on national themes in the UK tech sector, as well as focusing on developments closer to home, in the North East.
The snapshot provides an insight into key industry trends, current market data, news and an overview of recent transactions. In this issue, the deal round up covers the three months from January 2022 to March 2022.
Each quarter we shine the spotlight on a specific sub-sector within the technology industry. This quarter we take a closer look at the Biotech sector.
The UK tech market continues to be very active with 245 deals recorded between January 2022 to March 2022, approximately 42% relating to an acquisition or a sale. Software has reclaimed the prize for the most active tech sub-sector for mergers and acquisitions (M&A) in Q1 22 and London continues to lead the way geographically, with 38% of all deals in the quarter.
|
Quarter |
Total Deals (UK) |
Total deals (North East) |
Most active region of total deals |
North East share of deals |
Most active sector |
|
Q2 – 21 |
296 |
9 |
London (40%) |
3% |
Software (38%) |
|
Q3 – 21 |
264 |
3 |
London (38%) |
1% |
Software (34%) |
|
Q4 – 21 |
227 |
10 |
London (34%) |
4% |
IT Services & Outsourcing (32%) |
|
Q1 – 22 |
245 |
10 |
London (38%) |
4% |
Software (18%) |
Source – MarketIQ
View our other North East: M&A Technology Sector Snapshots here.
