North America’s financial services industry saw a flat growth in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 394 deals worth $26.92bn were announced for the region during Q3 2020, against the last four-quarter average of 394 deals.
Of all the deal types, M&A saw most activity in Q3 2020 with 263, representing a 66.8% share for the region.
In second place was venture financing with 100 deals, followed by private equity deals with 31 transactions, respectively capturing a 25.4% and 7.9% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s financial services industry with $15.14bn, while private equity and venture financing deals totalled $7.81bn and $3.97bn, respectively.
North America financial services industry deals in Q3 2020: Top deals
The top five financial services deals accounted for 59.2% of the overall value during Q3 2020.
The combined value of the top five financial services deals stood at $15.95bn, against the overall value of $26.92bn recorded for the quarter.
The top five financial services industry deals of Q3 2020 tracked by GlobalData were:
1) The Allstate’s $4.52bn acquisition of National General Holdings
2) The $4.4bn private equity deal with Global Atlantic Financial Group by KKR &Inc
3) Empower Retirement’s $3.35bn asset transaction with Massachusetts Mutual Life Insurance
4) The $2bn private equity deal with Silver Lake Partners by Mubadala Investment
5) MetLife’s acquisition of Versant Health for $1.68bn.
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.
