Tech Titans Shuffle: Europe Dominates M&A Volume, But the US Holds High-Value Crown

1/ ?? Europe Leading the Charge Europe has been at the forefront of global tech M&A activity since Q1’22. As of Q2’23, Europe logged 812 M&A deals, holding the top position for the sixth consecutive quarter.

2/ ?? A Minor Dip Europe's tech M&A deal volume dipped by 4% QoQ in Q2’23. However, it still dwarfs pre-2021 figures. Meanwhile, the US tech M&A volume has plummeted to levels reminiscent of the 2020 Covid lockdowns.

3/ ?? High-Value Deals Despite Europe's surge, the US dominates when it comes to M&A deals with disclosed valuations of $100M+. In Q2’23, the US witnessed 28 such deals, while Europe saw 18.

4/ ?? Shrinking Share The US share of $100M+ M&A deals dropped 12 percentage points QoQ in Q2’23, now sitting at 41%. Historically, this figure has hovered between 45% and 60%.

5/ ?? Europe & Asia Rising While the US share declined, both Europe and Asia are on the ascent. Particularly, Asia’s stake in $100M+ M&A deals surged to 21% - its second-highest since 2019.

6/ ?? Deep Dive Interested in more insights on global tech M&A trends, including data across buyer types and deal sizes? Stay tuned for the CB Insights Tech M&A Q2’23 Report.

End/ ?? Conclusion Europe's dominance in tech M&A volume is clear, but the US retains its crown for high-value deals. With shifts in global tech M&A trends, keeping an eye on this space will be crucial for stakeholders.