Total financial services industry deals for October 2020 worth $39.72bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 78.3% over the previous month and a rise of 46.05% when compared with the last 12-month average of $27.2bn.
In terms of number of deals, the sector saw a drop of 2.03% over the last 12-month average with 289 deals against the average of 295 deals.
In value terms, North America led the activity with deals worth $18.72bn.
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By GlobalDataFinancial services industry deals in October 2020: Top deals
The top five financial services deals accounted for 69.05% of the overall value during October 2020.
The combined value of the top five financial services deals stood at $27.43bn, against the overall value of $39.72bn recorded for the month.
The top five financial services industry deals of October 2020 tracked by GlobalData were:
1) Intact Financial and Tryg’s $9.27bn acquisition of RSA Insurance Group
2) The $7bn acquisition of Eaton Vance by Morgan Stanley
3) London Stock Exchange Group Holdings Italia’s $5.09bn acquisition of Borsa Italiana
4) The $3.37bn private equity deal with American Equity Investment Life Holding by Brookfield Asset Management
5) Pacific Equity Partners and The Carlyle Group’s private equity deal with Link Administration Holdings for $2.71bn.
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.