Welcome to the seventh 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 July 22 to September 22.
Each quarter we shine the spotlight on a specific sub-sector within the technology industry. This quarter we take a closer look at the EdTech sector.
The UK tech market continues to be very active with 302 deals recorded between July 2022 to September 2022, with approximately 38% relating to an acquisition or a sale, whilst 54% of these deals related to a funding round. Software has held the top spot for the most active tech sub-sector for M&A in Q3 22 and London continues to lead the way geographically, with 37% 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 & |
|
Q1 – 22 |
245 |
10 |
London (38%) |
4% |
Software (18%) |
|
Q2 – 22 |
330 |
9 |
London (44%) |
3% |
Software (28%) |
|
Q3 – 22 |
302 |
9 |
London (37%) |
3% |
Software (21%) |
Source – MarketIQ
View our other North East: M&A Technology Sector Snapshots here.
