Welcome to the eleventh edition of the North East: M&A Technology Sector Snapshot – a joint production from Ryecroft Glenton 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 2023 to September 2023.
Each quarter we shine the spotlight on a specific sub-sector within the technology industry. This quarter we take a fresh look at the GreenTech sector.
The UK tech market continues to be very active with 613 deals recorded between July 2023 to September 2023, with approximately 37% relating to an acquisition or a sale, and circa 63% relating to a funding round. Business/Productivity Software is the most active tech sub-sector for M&A in Q3 23 and London continues to lead the way geographically, with 323 deals completed 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 |
|
Q3 – 23 |
613 |
6 |
London (323 deals) |
c.1% |
Business/Productivity Software (30.3%) |
|
Q2 – 23 |
678 |
12 |
London (364 deals) |
c.2% |
Business/Productivity Software (62.7%) |
|
Q1 – 23 |
768 |
11 |
London (360 deals) |
c.2% |
Business/Productivity Software (10.9%) |
|
Q4 – 22 |
725 |
6 |
London (366 deals) |
c.1% |
Business/Productivity Software (8.6%) |
|
2022 |
4,595 |
78 |
London (2,769 deals) |
c.2% |
Business/Productivity Software (18.6%) |
Source – MarketIQ
View our other North East: M&A Technology Sector Snapshots here.
