North America’s financial services industry saw a drop of 14.57% in deal activity during October 2021, when compared with the last 12-month average, led by T. Rowe Price Group’s $4.2bn acquisition of Oak Hill Advisors, according to GlobalData’s deals database.
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A total of 129 financial services industry deals worth $7bn were announced for the region in October 2021, against the 12-month average of 151 deals.
Of all the deal types, M&A saw most activity in October 2021 with 74 transactions, representing a 57.4% share for the region.
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By GlobalDataIn second place was venture financing with 43 deals, followed by private equity deals with 12 transactions, respectively capturing a 33.3% and 9.3% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s financial services industry with $4.95bn, while venture financing and private equity deals totalled $1.43bn and $618.25m, respectively.
North America financial services industry deals in October 2021: Top deals
The top five financial services deals accounted for 81.5% of the overall value during October 2021.
The combined value of the top five financial services deals stood at $5.7bn, against the overall value of $7bn recorded for the month.
The top five financial services industry deals of October 2021 tracked by GlobalData were:
1) T. Rowe Price Group $4.2bn acquisition deal with Oak Hill Advisors
2) The $750m acquisition of Fair Square Financial Holdings by Ally Financial
3) Activant Capital Group,General Atlantic,Moore Strategic Ventures,Soma Capital,Tribe Capital,Untitled Investments and Willoughby Capital Holdings $333m venture financing deal with Bolt Financial
4) The $210m private equity of Title Resources Guaranty by Centerbridge Partners
5) BlackRock,Dragoneer Investment Group,DST Global,Motive Partners,Phase 2 Partners,Point Break Capital Management,Senator Investment Group,Singapore Exchange,T Rowe Price Associates and TPG Capital $208m venture financing deal with TruMid Financial
