Asia-Pacific’s financial services industry saw a rise of 18.03% in deal activity during June 2021, when compared with the last 12-month average, led by AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 72 financial services industry deals worth $5.1bn were announced for the region in June 2021, against the 12-month average of 61 deals.
Of all the deal types, venture financing saw most activity in June 2021 with 39 transactions, representing a 54.2% share for the region.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn second place was M&A with 29 deals, followed by private equity deals with four transactions, respectively capturing a 40.3% and 5.6% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s financial services industry with $3.91bn, while venture financing and private equity deals totalled $650.99m and $572.36m, respectively.
Asia-Pacific financial services industry deals in June 2021: Top deals
The top five financial services deals accounted for 61.6% of the overall value during June 2021.
The combined value of the top five financial services deals stood at $3.16bn, against the overall value of $5.1bn recorded for the month.
The top five financial services industry deals of June 2021 tracked by GlobalData were:
1) AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd
2) The $467.37m acquisition deal with CommInsure by Hollard Insurance Group
3) Alkeon Capital, Altos Ventures, Greyhound Capital Europe and Korea Development Bank’s $410m private equity deal with Viva Republica
4) The $257.18m acquisition of HDFC ERGO General InsuranceLimited by HDFC Bank
5) IFC Financial Institutions Growth Fund (FIG Fund), Kohlberg Kravis RobertsLP, PLDT and Tencent- Assets’ venture financing of Voyager Innovations for $167m.