Total Financial services industry cross border deals worth $2.8bn were announced globally for June 2022, with the $621.67m venture financing of SumUp Payments being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 44.5% over the previous month of $5.1bn and a drop of 78.5% when compared with the last 12-month average of $13.13bn.
In terms of number of cross border deals, the sector saw a drop of 7.14% with 104 deals in June 2022 when compared to the last 12-month average of 112 deals.
In value terms, Europe led the activity with cross border deals worth $1.46bn in June 2022.
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By GlobalDataFinancial services industry cross border deals in June 2022: Top deals
The top five cross border deals accounted for 50.6% of the overall value during June 2022.
The combined value of the top five cross border deals stood at $1.43bn, against the overall value of $2.8bn recorded for the month.
The top five Financial services industry cross border deals of June 2022 tracked by GlobalData were:
1) B Capital Tech Opportunities,BlackRock,btov Partners,Centerbridge Partners,Crestline Investors,Fin Capital and Sentinel Dome Partners $621.67m venture financing deal with SumUp Payments
2) The $267.52m venture financing of Trade Republic Bank by Accel,Creandum Advisor,Founders Fund,Ontario Teachers’ Pension Plan,Project A Services GmbHKG,Sequoia Capital US,TCV and Thrive Capital
3) Global Emerging Markets $200m private equity deal with Zen Innovations
4) The $185m private equity deal for 23.97% stake in Capital Bank of Jordan PSC by The Saudi Public Investment Fund
5) a16z,Bloomsbury AI,Claire Hughes Johnson,Credit Kudos,Deeptide,Elad Gil,GV Management Co,John Collison,Lachy Groom,Magic Pony Technology,Matt Mullenweg,Matt Robinson,Nat Friedman,PassFort,Patrick Collison,Reid Hoffman,Sara Clemens,Sarah Leary,Scape Group,Sequoia Capital Operations,SoftBank Group,Sonantic,Taavet Hinrikus and Tom Blomfield $158m venture financing deal with Entrepreneur First