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The number of European technology deals has increased by 60% in the first half compared to last year. Candidates for driving the boom are private equity buyers and North American companies.
Research by Close Brothers Corporate Found that the share of mergers and acquisitions, by US acquirers rose to 35 percent, of the European technology sector. 9 of the 13 deals valued over 100m euros went to American companies.
Possibly this is a return to the aggressive M & A activity of the Internet boom that peaked in 2000. The US is going through a "uptake in trading conditions" according to one industry analyst. Further, the "US tends to be about 6 months ahead of the UK, which is in turn 6 months ahead of Europe."
Private equity also did very well. For every one company floated, 10 were sold.
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