Total financial services industry deals for December 2020 worth $32.95bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 77.3% over the previous month and a rise of 18.6% when compared with the last 12-month average of $27.78bn.
In terms of number of deals, the sector saw a rise of 25.5% over the last 12-month average with 374 deals against the average of 298 deals.
In value terms, North America led the activity with deals worth $24.81bn.
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By GlobalDataFinancial services industry deals in December 2020: Top deals
The top five financial services deals accounted for 65.5% of the overall value during December 2020.
The combined value of the top five financial services deals stood at $21.57bn, against the overall value of $32.95bn recorded for the month.
The top five financial services industry deals of December 2020 tracked by GlobalData were:
1) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
2) The $6bn merger of TCF Financial and Huntington Bancshares
3) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency
4) The $1.7bn acquisition of Waddell & Reed Financial by Macquarie Asset Management Holding
5) Goldman Sachs Merchant Banking Division’s private equity deal with People for $925.23m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
