Europe’s medical devices industry saw a drop of 24.24% in deal activity during May 2021, when compared with the last 12-month average, led by Murano Bidco’s $1.36bn acquisition of Vectura Group, according to GlobalData’s deals database.

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A total of 25 medical devices industry deals worth $2.6bn were announced for the region in May 2021, against the 12-month average of 33 deals.

Of all the deal types, venture financing saw most activity in May 2021 with 13 transactions, representing a 52% share for the region.

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In second place was M&A with seven deals, followed by private equity deals with five transactions, respectively capturing a 28% and 20% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s medical devices industry with $1.91bn, while private equity and venture financing deals totalled $383.58m and $292.02m, respectively.

Europe medical devices industry deals in May 2021: Top deals

The top five medical devices deals accounted for 89.4% of the overall value during May 2021.

The combined value of the top five medical devices deals stood at $2.31bn, against the overall value of $2.6bn recorded for the month.

The top five medical devices industry deals of May 2021 tracked by GlobalData were:

1) Murano Bidco’s $1.36bn acquisition of Vectura Group

2) The $390m acquisition deal with Inivata by NeoGenomics

3) IP Group, M&G Investments, Nikon, Temasek Holdings (Private) and Wellington ManagementLLP’s $280.17m private equity deal with Oxford Nanopore Technologies

4) The $155m acquisition of Immunodiagnostic Systems by PerkinElmer

5) HAT SGR, Hitachi Ventures, Leaps by Bayer, Samsung NEXT Fund, Sony Innovation Fund and Unilever Ventures’ venture financing of Huma Therapeutics for $130m.