Europe’s financial services industry saw a drop of 28.89% in deal activity during November 2021, when compared with the last 12-month average, led by BBVA’s $2.57bn acquisition of Garanti BBVA, according to GlobalData’s deals database.
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A total of 64 financial services industry deals worth $5.1bn were announced for the region in November 2021, against the 12-month average of 90 deals.
Of all the deal types, M&A saw most activity in November 2021 with 40 transactions, representing a 62.5% share for the region.
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By GlobalDataIn second place was venture financing with 19 deals, followed by private equity deals with five transactions, respectively capturing a 29.7% and 7.8% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $4.75bn, followed by venture financing deals totalled $342.57m.
Europe financial services industry deals in November 2021: Top deals
The top five financial services deals accounted for 88.4% of the overall value during November 2021.
The combined value of the top five financial services deals stood at $4.51bn, against the overall value of $5.1bn recorded for the month.
The top five financial services industry deals of November 2021 tracked by GlobalData were:
1) BBVA $2.57bn acquisition deal for 50.2% stake in Garanti BBVA
2) The $550.48m acquisition of LSP Management Group by EQT
3) EQT $521.51m acquisition deal with Life Sciences Partners
4) The $512.66m acquisition of Helix Investments by Sirius Real Estate
5) Koc Holding $347.18m acquisition of 20% stake in Yapi ve Kredi Bankasi
