Total financial services industry deals worth $10.1bn were announced globally for October 2022, with the $4.91bn acquisition of Aegon Nederland being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 79.9% over the previous month of $5.61bn and a drop of 57.8% when compared with the last 12-month average of $23.93bn.
In terms of number of deals, the sector saw a drop of 32.96% with 242 deals in October 2022 when compared to the last 12-month average of 361 deals.
In value terms, Europe led the activity with deals worth $5.98bn in October 2022.
financial services industry deals in October 2022: Top deals
The top five deals accounted for 70.5% of the overall value during October 2022.
The combined value of the top five deals stood at $7.11bn, against the overall value of $10.1bn recorded for the month.
The top five financial services industry deals of October 2022 tracked by GlobalData were:
1) ASR Nederland’s $4.91bn acquisition deal with Aegon Nederland
2) The $898m private equity deal with 79.66% stake in Pushpay Holdings by Pegasus Bidco and Sixth Street Partners
3) Mizuho Financial Group’s $553.6m acquisition deal for 20% stake in Rakuten Securities
4) The $500m private equity of Resolution Life Group Holdings by Blackstone
5) Statskog SF’s $251.27m acquisition deal with AS Meraker Brug
