Analysis of the key themes driving M&A activity reveals that digital banking accounted for 7 payments deals announced in Q1 2024, worth a total value of $36.5bn. The $35.3bn minority acquisition of Discover Financial Services by Capital One Financial was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q1 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 remained flat in Q1 2024 compared with the previous quarter and as compared to Q1 2023. Related deal volume increased by 133% in Q1 2024 versus the previous quarter and was 600% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Barclays; Centerview Partners; Morgan Stanley with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Cravath, Swaine & Moore; Sullivan & Cromwell; Wachtell, Lipton, Rosen & Katz with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q1 2024 – Thematic 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.
