Analysis of the key themes driving M&A activity reveals that digital banking accounted for 14 financial services deals announced in Q3 2024, worth a total value of $696.2m. The $330m acquisition of Heartland Banccorp by German American Bancorp was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2024 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
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In value terms, digital banking-related deal activity decreased by 50% in Q3 2024 compared with the previous quarter’s total of $1.4bn and fell by 80% as compared to Q3 2023. Related deal volume increased by 40% in Q3 2024 versus the previous quarter and was 13% lower than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Stifel Financial; Piper Sandler Companies; UBS Group with 4, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Advokatfirman Cederquist KB; Advokatfirman Vinge KB; AZB & Partners with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
