Total financial services industry cross border deals worth $12.93bn were announced globally for November 2020, with $9.23bn merger of Nets and Nexi being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 45.9% over the previous month and a rise of 66.6% when compared with the last 12-month average of $7.76bn.
In terms of number of cross border deals, the sector saw a drop of 20.00% with 64 deals in November 2020 when compared to the last 12-months average of 80 deals.
In value terms, Europe led the activity with cross border deals worth $10.11bn in November 2020.
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By GlobalDatafinancial services industry cross border deals in November 2020: Top deals
The top five cross border deals accounted for 95.5% of the overall value during November 2020.
The combined value of the top five cross border deals stood at $12.35bn, against the overall value of $12.93bn recorded for the month.
The top five financial services industry cross border deals of November 2020 tracked by GlobalData were:
1) The $9.23bn merger of Nets and Nexi
2) The $1.05bn private equity deal with Aperio Group LLC by BlackRock
3) GIC, Onex and Onex Partners V’s $1bn private equity deal with Convex Group
4) The $800m private equity deal of Inigo by Caisse de depot et placement du Quebec, Enstar Group, J.C. Flowers & Co, Oak Hill Advisors, Qatar Investment Authority and Stone Point Capital
5) Gulf Insurance Group KSCP’s acquisition deal with AXA Cooperative Insurance, AXA Green Crescent Insurance Co and AXA Insurance (Gulf)(c) for $269m.