Led by $4.34bn acquisition of Natixis, Europe’s financial services industry saw a rise of 29.15% in 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 319 deals worth $21.19bn were announced for the region during Q1 2021, against the last four-quarter average of 247.00 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 186 deals, representing a 58.3% share for the region.
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By GlobalDataIn second place was venture financing with 97 deals, followed by private equity deals with 36 transactions, respectively capturing a 30.4% and 11.3% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $15.34bn, while private equity and venture financing deals totalled $3.34bn and $2.51bn, respectively.
Europe financial services industry deals in Q1 2021: Top deals
The top five financial services deals accounted for a 62.6% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $13.25bn, against the overall value of $21.19bn recorded for the quarter.
The top five financial services industry deals of Q1 2021 tracked by GlobalData were:
1) Groupe BPCE’s $4.34bn acquisition of Natixis
2) The $3.88bn acquisition of Aviva France by Aema Groupe
3) Allianz’s $2.95bn acquisition of Aviva Poland
4) The $1.18bn asset transaction deal with Aviva by Allianz and CNP Assurances
5) merger with eToro (UK) and FinTech AcquisitionV for $900m.