Europe’s financial services industry saw a rise of 7.41% in deal activity during May 2021, when compared with the last 12-month average, led by Berkshire Hathaway’s $942.6m acquisition of Aon UK, according to GlobalData’s deals database.

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A total of 87 financial services industry deals worth $4.1bn were announced for the region in May 2021, against the 12-month average of 81 deals.

Of all the deal types, M&A saw most activity in May 2021 with 51 transactions, representing a 58.6% share for the region.

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In second place was venture financing with 29 deals, followed by private equity deals with seven transactions, respectively capturing a 33.3% and 8.05% 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 $2.07bn, while M&A and private equity deals totalled $1.75bn and $286.61m, respectively.

Europe financial services industry deals in May 2021: Top deals

The top five financial services deals accounted for 65.1% of the overall value during May 2021.

The combined value of the top five financial services deals stood at $2.68bn, against the overall value of $4.1bn recorded for the month.

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

1) Berkshire Hathaway’s $942.6m acquisition of Aon UK

2) The $900m venture financing deal with Trade Republic Bank by Accel, Creandum Advisor, Founders Fund, Project A Services GmbHKG, Sequoia Capital Operations, TCMI and Thrive Capital Partners

3) The Ardonagh Group’s $500m acquisition of Besso Insurance Group and Ed Broking Group

4) The $210m private equity deal with Finalto Group by Barinboim Group, Leumi Partners, Management Team – Finalto Group and Menora Mivtachim Insurance

5) Hermes GPE Innovation Fund, Infravia Growth Capital, One Peak Partners and Plug and Play’s venture financing with PaySend Group for $125m.