Each quarter we aim to keep you up to date with a concise review of M&A and fundraising activity in the Technology sector in the GSA region, together with a look at capital market developments, valuation levels and a deep dive into relevant sector issues with insights from our KPMG experts.
In this issue:
- Mergers & Acquisitions: After reaching record highs at the beginning of the year, M&A activity in the GSA region experienced a slight slowdown in 3Q21. An uptick in deals is expected towards the end of the year, as both PE and corporate investors' confidence in tech assets remains high.
- Fundraising: Despite a decline in 3Q21 activity, the outlook for VC funding remains optimistic for the rest of the year as ongoing government initiatives for technological development and growing interest from global VC investors create a favourable climate for the VC ecosystem. Germany remained the hub of funding activity, with 65 deals announced in 3Q21.
- Capital markets: Investors continued taking advantage of the momentum as a number of European technology stocks continued to outperform the overall market in 3Q21. Growth in tech stock prices was bolstered by optimism over economic recovery, effective stimulus measures, strong corporate earnings and accelerated vaccination rollouts.
- KPMG Insights: The pandemic brought about a new set of challenges for businesses which led to a wave of digital transformation. Organisations doubled their investments in newer technologies, including AI, to meet the challenges arising. The KPMG report “Thriving in an AI World” is based on a KPMG survey and provides insights on the rising significance of AI across seven key industries, together with challenges faced by organisations in its full-scale deployment and development of strategies to drive its usage.
The KPMG Technology Deal Flash is published quarterly and highlights current M&A and financing activities in the Technology sector in the GSA region. You can subscribe to the newsletter so you won't miss the most recent issue.