Analysis of the key themes driving M&A activity reveals that robo-advice accounted for 41 financial services deals announced in Q3 2024, worth a total value of $372m. The $372m majority acquisition of CompoSecure by Resolute Holdings I 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, robo-advice-related deal activity decreased by 96% in Q3 2024 compared with the previous quarter’s total of $10.3bn. Related deal volume decreased by 5% in Q3 2024 versus the previous quarter and was 156% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Goldman Sachs Group; Gunner & Co; JPTD Partners with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Addleshaw Goddard; Alston & Bird; Fasken Martineau DuMoulin with 2, 2, 2 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.
