Total financial services industry deals for September 2019 worth $8.01bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 82% over the previous month and a drop of 69.2% when compared with the last 12-month average of $26.01bn.
In terms of number of deals, the sector saw a drop of 7.6% over the last 12-month average with 257 deals against the average of 278 deals.
In value terms, North America led the activity with deals worth $5.68bn.
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By GlobalDataFinancial services industry deals in September 2019: Top deals
The top five financial services deals accounted for 58.2% of the overall value during September 2019.
The combined value of the top five financial services deals stood at $4.66bn, against the overall value of $8.01bn recorded for the month.
The top five financial services industry deals of September 2019 tracked by GlobalData were:
1) Prudential Financial’s $3.5bn acquisition of Assurance IQ
2) The $460.7m acquisition of Revere Bank by Sandy Spring Bancorp
3) Commerzbank Inlandsbanken’s $319.2m acquisition of comdirect bank
4) The $200m venture financing of Mission Lane by Invus Opportunities, LL Funds, Oaktree Capital Management and QED Investors
5) Cerberus Capital Management’s private equity deal with Axsesstoday for $177.97m.
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.
