Welcome to the sixth 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 April 22 to June 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 HRTech sector.
The UK tech market continues to be very active with 330 deals recorded between April 2022 to June 2022, approximately 34% relating to an acquisition or a sale, whilst 56% 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 Q2 22 and London continues to lead the way geographically, with 44% 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%) |
|
Q2 – 22 |
330 |
9 |
London (44%) |
3% |
Software (28%) |
Source – MarketIQ
View our other North East: M&A Technology Sector Snapshots here.
