Europe’s financial services industry saw a drop of 32.56% in cross border deal activity during November 2021, when compared with the last 12-month average, led by BBVA’s $2.57bn acquisition of Garanti BBVA, according to GlobalData’s deals database.
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A total of 29 financial services industry cross border deals worth $4.4bn were announced for the region in November 2021, against the 12-month average of 43 deals.
Of all the deal types, M&A saw most activity in November 2021 with 16 transactions, representing a 55.2% share for the region.
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By GlobalDataIn second place was venture financing with ten deals, followed by private equity deals with three transactions, respectively capturing a 34.5% and 10.3% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Europe’s financial services industry with $4.19bn, followed by venture financing deals totalled $176.53m.
Europe financial services industry cross border deals in November 2021: Top deals
The top five financial services cross border deals accounted for 94% of the overall value during November 2021.
The combined value of the top five financial services cross border deals stood at $4.11bn, against the overall value of $4.4bn recorded for the month.
The top five financial services industry cross border deals of November 2021 tracked by GlobalData were:
1) BBVA $2.57bn acquisition deal for 50.2% stake in Garanti BBVA
2) The $550.48m acquisition of LSP Management Group by EQT
3) EQT $521.51m acquisition deal with Life Sciences Partners
4) The $347.18m acquisition of 20% stake in Yapi ve Kredi Bankasi by Koc Holding
5) Earlybird Digital East Fund,Eleven Ventures,Greenoaks Capital Management and QED Investors $112m venture financing deal with Payhawk
