The top 10 largest acquisitions of VC-backed European tech companies drove an aggregate enterprise value at exit of $12.7B. The top three largest transactions all involved acquisitions of once VC-backed companies by private equity buyers. The acquisition of a majority ownership of Charlotte Tilbury, in a transaction that valued the company at more than $1.2B, by Spanish fashion and beauty giant, Puig, together with the billion-dollar acquisition of Flaschenpost by The Oetker Group, represent important milestones of older European incumbent businesses looking to Europe's VC-backed startup ecosystem for growth and innovation.
- Based on data up to 31 October 2020. Charlotte Tilbury Beauty and United Wardrobe value at exit based on rumours.