Europe’s financial services industry saw a drop of 11.63% in deal activity during September 2021, when compared with the last 12-month average, led by Country Garden Property Services HK HoldingsLimited’s $1.55bn acquisition of Wealth Best Global, according to GlobalData’s deals database.
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A total of 76 financial services industry deals worth $4.1bn were announced for the region in September 2021, against the 12-month average of 86 deals.
Of all the deal types, M&A saw most activity in September 2021 with 42 transactions, representing a 55.3% share for the region.
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By GlobalDataIn second place was venture financing with 26 deals, followed by private equity deals with eight transactions, respectively capturing a 34.2% and 10.5% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $2.97bn, while venture financing and private equity deals totalled $643.27m and $442.23m, respectively.
Europe financial services industry deals in September 2021: Top deals
The top five financial services deals accounted for 81.5% of the overall value during September 2021.
The combined value of the top five financial services deals stood at $3.31bn, against the overall value of $4.1bn recorded for the month.
The top five financial services industry deals of September 2021 tracked by GlobalData were:
1) Country Garden Property Services HK HoldingsLimited $1.55bn acquisition deal with Wealth Best Global
2) The $848.96m acquisition of Eurologi II S.a(HoldCo) by Aurora Investment (Cayman),Chengdong Investment and Pearl Bidcor.l
3) Northern Data $468.87m acquisition deal with Bitfield
4) The $250m private equity of Finalto Group by Gopher Investments
5) Oaktree Capital Management $192.23m private equity deal with Sanlam Wealth Planning UK
