North America’s financial services industry saw a drop of 1.40% in deal activity during August 2021

North America’s financial services industry saw a drop of 1.40% in deal activity during August 2021, when compared with the last 12-month average, led by Brookfield Asset Management Reinsurance Partners’ $5.1bn acquisition of American National Group, according to GlobalData’s deals database.

A total of 141 financial services industry deals worth $13.8bn were announced for the region in August 2021, against the 12-month average of 143 deals.

Of all the deal types, M&A saw most activity in August 2021 with 91 transactions, representing a 64.5% share for the region.

In second place was venture financing with 42 deals, followed by private equity deals with eight transactions, respectively capturing a 29.8% and 5.7% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s financial services industry with $10.46bn, while venture financing and private equity deals totalled $2.34bn and $1.03bn, respectively.

North America financial services industry deals in August 2021: Top deals

The top five financial services deals accounted for 77.1% of the overall value during August 2021.

The combined value of the top five financial services deals stood at $10.66bn, against the overall value of $13.8bn recorded for the month.

The top five financial services industry deals of August 2021 tracked by GlobalData were:

1) Brookfield Asset Management Reinsurance Partners $5.1bn acquisition deal with American National Group

2) The $3bn acquisition of The Hagerty Group by Aldel Financial

3) Goldfinch Partners and The Baupost Group $910m private equity deal with The Western Union

4) The $900m acquisition of Triple-S Management by GuideWell Mutual Holding

5) Dragoneer Investment Group,General Atlantic,Sequoia Capital Global Equities,SoftBank Vision Fund 2 and Tiger Global Management $750m venture financing deal with Chime Financial

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