Analysis of the key themes driving private equity deal activity reveals that artificial intelligence accounted for three financial services deals announced in Q3 2024, worth a total value of $1bn. The $1bn investment by Altas Partners in Sedgwick Claims Management Services was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, artificial intelligence-related deal activity increased by 3136% in Q3 2024 compared with the previous quarter’s total of $30.9m and rose by 5618% as compared to Q3 2023. Related deal volume decreased by 50% in Q3 2024 versus the previous quarter and was 25% lower than in Q3 2023.
The top-ranked financial advisors supporting these private equity deals in 9M 2024 were Barclays; Bank of America; JPMorgan Chase & Co with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in 9M 2024 were Latham & Watkins; Eversheds Sutherland (International); IBIS Consulting with 2, 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 Buyouts and Direct Investments done by Private Equity firms.
