Financial Services industry M&A deals total $15.4bn globally in April 2021

Total financial services industry M&A deals worth $15.4bn were announced globally in April 2021, led by $2.81bn merger of BancorpSouth Bank and Cadence Bancorp, according to GlobalData’s deals database.

The value marked a decrease of 42.9% over the previous month of $26.92bn and a drop of 8.5% when compared with the last 12-month average, which stood at $16.79bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $11.16bn. At the country level, the US topped the list in terms of deal value at $10.3bn.

In terms of volumes, North America emerged as the top region for financial services industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in April 2021 was the US with 90 deals, followed by the UK with 28 and Canada with 11.

In 2021, as of April, financial services M&A deals worth $67.96bn were announced globally, marking an increase of 47.3% year on year.

financial services industry M&A deals in April 2021: Top deals

The top five M&A deals accounted for 56.9% of the overall value during April 2021.

The combined value of the top five financial services M&A deals stood at $8.74bn, against the overall value of $15.4bn recorded for the month.

The top five financial services industry M&A deals of April 2021 tracked by GlobalData were:

1) $2.81bn merger deal with BancorpSouth Bank and Cadence Bancorp

2) The $2.6bn merger of Flagstar Bancorp and New York Community Bancorp by

3) Independent Bank $1.2bn acquisition deal with Meridian Bancorp

4) The $1.15bn acquisition of East Boston Savings Bank by Rockland Trust

5) Amundi $976.16m acquisition deal with Lyxor Asset Management

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