Europe’s financial services industry saw a drop of 7.32% in deal activity during February 2021, when compared with the last 12-month average, led by Aema Groupe’s $3.88bn acquisition of Aviva France, according to GlobalData’s deals database.

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A total of 76 financial services industry deals worth $5.81bn were announced for the region in February 2021, against the 12-month average of 82 deals.

Of all the deal types, M&A saw most activity in February 2021 with 51 transactions, representing a 67.1% share for the region.

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In second place was venture financing with 17 deals, followed by private equity deals with eight transactions, respectively capturing a 22.4% 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 $5.18bn, while private equity and venture financing deals totalled $450.56m and $171.39m, respectively.

Europe financial services industry deals in February 2021: Top deals

The top five financial services deals accounted for 89.3% of the overall value during February 2021.

The combined value of the top five financial services deals stood at $5.18bn, against the overall value of $5.81bn recorded for the month.

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

1) Aema Groupe’s $3.88bn acquisition of Aviva France

2) The $469.84m acquisition deal with Cargeas Assicurazioni by Intesa Sanpaolo

3) Ontario Municipal Employees Retirement System’s $375m acquisition of Brit

4) The $257.73m private equity deal with Cepal Holdings Single Member by Davidson Kempner Capital Management

5) James Hay’s acquisition of Nucleus Financial Group for $198.49m.