Asia-Pacific’s financial services industry saw a flat growth in cross border deal activity during November 2021, when compared with the last 12-month average, led by Amplo, Ayala, Bow Wave Capital Management, Globe Telecom, Insight Partners, Itai Tsiddon and Warburg Pincus’ $300m venture financing of Globe Fintech Innovations, according to GlobalData’s deals database.
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A total of 31 financial services industry cross border deals worth $1.1bn were announced for the region in November 2021, against the 12-month average of 31 deals.
Of all the deal types, venture financing saw most activity in November 2021 with 20 transactions, representing a 64.5% share for the region.
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By GlobalDataIn second place was M&A with seven deals, followed by private equity deals with four transactions, respectively capturing a 22.6% and 12.9% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, venture financing was the leading category in Asia-Pacific’s financial services industry with $810.6m, while private equity and M&A deals totalled $244.98m and $10.17m, respectively.
Asia-Pacific financial services industry cross border deals in November 2021: Top deals
The top five financial services cross border deals accounted for 78.8% of the overall value during November 2021.
The combined value of the top five financial services cross border deals stood at $839.98m, against the overall value of $1.1bn recorded for the month.
The top five financial services industry cross border deals of November 2021 tracked by GlobalData were:
1) Amplo,Ayala,Bow Wave Capital Management,Globe Telecom,Insight Partners,Itai Tsiddon and Warburg Pincus $300m venture financing deal with Globe Fintech Innovations
2) The $220m venture financing of Garagepreneurs Internet by 8i Ventures Fund,Anfa,Blume Ventures,Gunosy Capital,Insight Partners,Moore Strategic Ventures,Sunley House Capital Management and Tiger Global Management
3) Avenue Capital Group $112.98m private equity deal with Asset Reconstruction(India) Ltd.
4) The $107m private equity of Prytek Holdings by Davidson Kempner Capital Management
5) 1835i Ventures,Lone Pine Capital and Sequoia Capital China $100m venture financing deal with Airwallex
