Europe’s financial services industry saw a drop of 3.53% in deal activity during June 2021, when compared with the last 12-month average, led by JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment, according to GlobalData’s deals database.

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A total of 82 financial services industry deals worth $4.2bn were announced for the region in June 2021, against the 12-month average of 85 deals.

Of all the deal types, M&A saw most activity in June 2021 with 41 transactions, representing a 50% share for the region.

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In second place was venture financing with 30 deals, followed by private equity deals with 11 transactions, respectively capturing a 36.6% and 13.4% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in Europe’s financial services industry with $2.09bn, while M&A and private equity deals totalled $1.43bn and $683.73m, respectively.

Europe financial services industry deals in June 2021: Top deals

The top five financial services deals accounted for 73.4% of the overall value during June 2021.

The combined value of the top five financial services deals stood at $3.09bn, against the overall value of $4.2bn recorded for the month.

The top five financial services industry deals of June 2021 tracked by GlobalData were:

1) JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment

2) The $800m venture financing deal with Mollie by Alkeon Capital, Blackstone Growth, EQT Growth, General Atlantic, HMI Capital and TCV

3) SGEIC, Alma Mundi Ventures, CreditEase Fintech Investment Fund, Eurazeo, FinTLV Ventures, GR Capital, Gsquared Medical, Horizons Ventures, Jupiter Asset Management, LGT Impact Ventures, Merian Global Investors, Mountain Capital Management, Mubadala Investment, OMERS Ventures, Partners Group, Salesforce Ventures, Seedcamp, Sound Ventures, SpeedInvest, Target Global and Victory Park Capital Advisors’ $650m venture financing of FinanceFox Germany

4) The $350m venture financing of Bought By Many by CommerzVentures, EQT Growth, FTV Capital, Munich Re Ventures, Octopus Ventures and Willoughby Capital Management

5) TA Associates Management’s private equity deal with Soderberg & Partners for $301.1m.