Total financial services industry M&A deals worth $2bn were announced in the US in May 2021, with Galaxy Digital Holdings’ $1.2bn acquisition of BitGo being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 60.5% over the previous month of $5.14bn and a drop of 43.6% when compared with the last 12-month average of $3.6bn.
The US held a 38.37% share of the global financial services industry M&A deal value that totalled $5.29bn in May 2021.
In terms of M&A deal activity, the US recorded 66 deals during May 2021, marking a decrease of 9.59% over the previous month and a rise of 1.54% over the 12-month average.
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By GlobalDataUS financial services industry M&A deals in May 2021: Top deals
The top five financial services industry M&A deals accounted for 100% of the overall value during May 2021.
The combined value of the top five financial services M&A deals stood at $2.03bn, against the overall value of $2.03bn recorded for the month.
The top five financial services industry M&A deals of May 2021 tracked by GlobalData were:
1) Galaxy Digital Holdings’ $1.2bn acquisition of BitGo
2) The $503m acquisition of BillingTree by Repay Holdings
3) Pendal Group’ $320m acquisition of Siegel & Walmsley and Thompson.
4) The $6m acquisition of 20% stake in SmartGuard-Solutions by FOMO
5) GreenBox POS’s acquisition of Northeast Merchant Systems for $3m.