Total financial services industry M&A deals worth $2.34bn were announced in North America in April 2022, led by Bolt Financial’s $1.5bn acquisition of Wyre, according to GlobalData’s deals database.
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The value marked a decrease of 81.9% over the previous month of $12.96bn and a drop of 53.6% when compared with the last 12-month average of $5.04bn.
North America held a 25.52% share of the global financial services industry M&A deal value that totalled $9.17bn in April 2022. With a 25.19% share and deals worth $2.31bn, 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 72 deals during April 2022, marking a decrease of 16.28% over the previous month and a drop of 20% over the 12-month average. The US recorded 67 deals during the month.
North America financial services industry M&A deals in April 2022: Top deals
The top five financial services industry M&A deals accounted for 95.1% of the overall value during April 2022.
The combined value of the top five financial services deals stood at $2.23bn, against the overall value of $2.3bn recorded for the month.
The top five financial services industry M&A deals of April 2022 tracked by GlobalData were:
1) Bolt Financial $1.5bn acquisition deal with Wyre
2) The $246.9m acquisition of Manning & Napier by Callodine Group and East Asset Management
3) National Bank $230m acquisition deal with Bancshares of Jackson Hole
4) The $136m acquisition of Community Bancorporation by National Bank
5) The First BancShares $116.7m acquisition deal with Beach Bancorp
