Total financial services industry M&A deals worth $6.7bn were announced in North America in July 2021, led by Liberty Mutual HoldingInc’s $2.29bn acquisition of State Auto Insurance Companies, according to GlobalData’s deals database.
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The value marked an increase of 332.5% over the previous month of $1.54bn and a rise of 47.7% when compared with the last 12-month average of $4.51bn.
North America held a 58.58% share of the global financial services industry M&A deal value that totalled $11.37bn in July 2021. With a 58.40% share and deals worth $6.64bn, the US was the top country in North America’s M&A deal value across financial services industry.
In terms of M&A deal activity, North America recorded 82 deals during July 2021, marking an increase of 3.80% over the previous month and a rise of 2.50% over the 12-month average. The US recorded 71 deals during the month.
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By GlobalDataNorth America financial services industry M&A deals in July 2021: Top deals
The top five financial services industry M&A deals accounted for 70% of the overall value during July 2021.
The combined value of the top five financial services deals stood at $4.66bn, against the overall value of $6.7bn recorded for the month.
The top five financial services industry M&A deals of July 2021 tracked by GlobalData were:
1) State Auto Insurance Companies $2.29bn acquisition deal with Liberty Mutual HoldingInc
2) The $750m acquisition of PayCertify by Payment Reservations
3) Parnassus Investments $600m acquisition deal with Affiliated Managers Group
4) The $418m acquisition of Howard Bancorp and Howard Bank by F.N.B.
5) Amherst Pierpont Securities $600m acquisition deal with Santander Holdings USA