Led by $1.07bn private equity deal with AMP, Asia-Pacific’s financial services industry saw a rise of 25% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 80 cross border deals worth $4.74bn were announced for the region during Q1 2021, against the last four-quarter average of 64.00 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 37 deals, representing a 46.3% share for the region.
In second place was venture financing with 33 deals, followed by private equity deals with ten transactions, respectively capturing a 41.3% and 12.5% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s financial services industry with $2.47bn, while M&A and venture financing deals totalled $1.25bn and $1.02bn, respectively.
Asia-Pacific financial services industry cross border deals in Q1 2021: Top deals
The top five financial services cross border deals accounted for a 59.7% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $2.83bn, against the overall value of $4.74bn recorded for the quarter.
The top five financial services industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Ares Management’s $1.07bn private equity deal with AMP
2) The $700m private equity deal with JD Property by Hillhouse Capital Group and Warburg Pincus
3) J.P. Morgan Asset Management’s $410.43m acquisition of CMB Wealth Management
4) The $350m acquisition deal with ERS DGB by ABRY Partners and Aquiline Capital Partners
5) Hanwha Asset Management’s private equity with Grab Financial Group for $300m.
